Jamie McKane
MyBroadband Journalist
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Spotify tumbles after disappointing revenue forecast
Spotify Technology SA is planning to boost spending in an effort to drive the next phase of growth, but Wall Street isn’t singing along to the tune.
The Stockholm-based music streaming service tumbled the most in almost six months after management cautioned that margins were likely to be compressed by increased spending on research and development, as well as content.
[Bloomberg]
Spotify Technology SA is planning to boost spending in an effort to drive the next phase of growth, but Wall Street isn’t singing along to the tune.
The Stockholm-based music streaming service tumbled the most in almost six months after management cautioned that margins were likely to be compressed by increased spending on research and development, as well as content.
[Bloomberg]
