Spotify stock plummets
Digest more
Spotify (NYSE:SPOT | SPOT Price Prediction) faces sharply divided Wall Street sentiment after its Q1 2026 earnings, with four firms cutting price targets while Rosenblatt issued a contrarian upgrade.
Spotify gave investors a first quarter with stronger users, higher margins, and record operating income, yet Wall Street found a reason to look past the headline numbers. The music-streaming company’s latest report showed that more people are using Spotify more often,
The streaming-audio company recently unveiled an expansion into fitness content through a partnership with Peloton, but its shares tumbled more than 11% Tuesday as its forecast underwhelmed investors.
By Jaspreet Singh April 28 (Reuters) - Spotify forecast second-quarter earnings below estimates on Tuesday, citing more spending on marketing for new features as growth in major markets of Europe and North America slowed,
If you're trying to listen to something on Spotify today, you might be out of luck. Many are having problems with the service. According to Downdetector, users are having problems using online music streaming service.
This article first appeared on GuruFocus. Shares of Spotify Technology SA (NYSE:SPOT) fell sharply after the company projected second-quarter operating income of 630 million, coming in below expectations of 674.
When Spotify entered India in 2019, it walked into a market wired for free listening. Video-led consumption on YouTube and telecom-bundled apps had trained users to expect music at zero cost, leaving little room for subscription-led models.