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Spotify Stock Drops on Latest Earnings Report

Discussion in 'Article Discussion' started by Melody Bot, May 1, 2025.

  1. Melody Bot May 1, 2025
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Bloomberg:

    Spotify Technology SA shares tumbled on Tuesday after the streaming company gave a muted outlook for profit and subscriber growth in the current quarter.

    The Stockholm-based company forecast gross profit margins of 31.5% in the second quarter, missing analysts’ average estimate for 31.6% according to data compiled by Bloomberg. Spotify sees monthly active users rising to 689 million, less than the 694.4 million analysts expected.

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  2. Ska Senanake May 1, 2025
    Ska Senanake

    Trusted

    Not surprised, they have the worst audio quality of any of the streaming services