Spotify shares fall on muted subscriber-growth forecast [Toronto Globe and Mail (Ontario, Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Toronto Globe and Mail
Spotify shares fall on muted subscriber-growth forecast Shares of Spotify Technology dropped sharply in early trading Wednesday after its subdued forecast for current quarter paid subscribers overshadowed upbeat first-quarter growth in countries such as the United States and India. Reuters Shares of Spotify Technology SA fell 8 per cent in premarket trading on Wednesday after its forecast of subdued current quarter paid subscriber numbers overshadowed upbeat first-quarter growth in countries such as the United States and India. While Spotify has seen a sharp rise in subscribers during the pandemic as people stayed at home due to lockdowns, it faces growing competition from Apple Music, Amazon Music and a handful of smaller rivals. “Some markets are more advanced in recovering, some are still very much in the sort of pandemic landscape and I think that’s going to play out over the course of the year,” Chief Executive Daniel Ek said in an interview. Spotify, which launched its servi
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Sec Filings
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