Bronstein, Gewirtz & Grossman, LLC is investigating potential securities fraud at Spotify. The firm is evaluating whether the company or its executives engaged in unlawful business practices.
The probe follows Spotify’s first-quarter 2026 financial report released on April 28. Spotify projected 299 million premium subscribers for the second quarter. This outlook missed the analyst consensus estimate of 300.3 million subscribers.
The company also reported first-quarter advertising revenue that fell below expectations.
Spotify’s stock price dropped 12.43% following the announcement. Shares closed at $434.20 on April 28. The law firm is now urging affected investors to contact them regarding potential claims.