Author: Michael

Spotify grew total revenue 14% to €4.8 billion on earnings of €2.61 per share. Wall Street was expecting revenue of €4.79 billion on earnings of €2.80 per share. Shares of the music streaming giant fell over 4% in pre-market trading on Tuesday following the results Spotify hit a premium subscriber milestone of 300 million globally after adding a total of 7 million in its second quarter, representing 9% growth year over year. Meanwhile, the company added 16 million monthly active users for a total of 777 million, or growth of 12%, coming in slightly below guidance of 17 million additions,…

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