Spotify Stock Declines Amid Mixed Earnings and Outlook
Originally Published 5 months ago — by CNBC
Spotify's stock fell over 7% after missing revenue expectations and providing weak guidance for the upcoming quarter, despite a 10% revenue increase and growth in active users and subscribers. The company cited higher costs and foreign exchange headwinds as factors, but also highlighted new AI features and expansion efforts. Shares have gained 57% this year, and Spotify has increased its share repurchase program.