Spotify Shares Drop After Q2 Earnings Miss Estimates and User Forecasts
Macro·2 articles across 2 outlets
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Spotify Technology SA shares fell in premarket trading after the world’s largest music streaming service gave disappointing forecasts for active users and operating income in the third quarter.
Streaming music leader Spotify beat estimates for paying subscribers in Q2 but missed views on earnings. Spotify stock fell.
Spotify
Sources
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SourceReports the news
“Spotify Technology SA shares fell in premarket trading after the world’s largest music streaming service gave disappointing forecasts for active users and operating income in the third quarter.”
Bloomberg — Spotify Falls After User and Income Forecasts Miss Estimates“Streaming music leader Spotify beat estimates for paying subscribers in Q2 but missed views on earnings.”
IBD — Spotify Stock Falls After Music Streamer Misses Earnings Goal