Tag: spotify forecasts
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Spotify forecasts profit and monthly active users below estimates, shares fall
Aug 4 : Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service’s challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.Shares of the company were down around 4 per cent in
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Spotify forecasts weak profit as user growth slows in North America, Europe
Aug 4 : Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares around 5 per cent lower in premarket trading. The Swedish company has launched AI features like “Personal Po
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