Spotify share price drops by 5.1%

Bradley Prior

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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]
 
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