, Columnist
Spotify Dances to a Slow Waltz in an Up-Tempo World
The music streaming company is offering no clarity on how it plans to pick up the pace.
Skipping a beat or two.
Photographer: Dia Dipasupil/Getty Images
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Given that the music streaming revolution is supposed to just be starting, Spotify Technology SA’s latest earnings report is somewhat discordant.
The Swedish company on Thursday slightly reduced its full-year expectations for monthly active users and gross margin. Investors recoiled, sending the stock down as much as 11 percent, below the price at which it initially sold shares to the public in April.