Spotify share price drops by 5.1%

Bradley Prior

MyBroadband Journalist
Staff member
Super Moderator
Oct 16, 2018
Spotify share price drops by 5.1%

Spotify Technology SA shares fell as much as 5.1% in premarket trading Wednesday after the music-streaming company reported slightly slower subscriber growth than investors had hoped.

The company ended the most recent quarter with 108 million subscribers to its premium service, a shade below the 108.5 million forecast by analysts and below the midline of Spotify’s internal forecast. [Bloomberg]