Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 8% on weak guidance
Spotify shares dropped more than 8% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t