Spotify stock plummets
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The audio streaming specialist's stock just got hammered after its latest quarterly report, worsening an already bad sell-off.
Spotify (NYSE:SPOT | SPOT Price Prediction) faces sharply divided Wall Street sentiment after its Q1 2026 earnings, with four firms cutting price targets while Rosenblatt issued a contrarian upgrade.
Spotify beat Q1 targets, but Wall Street focused on a weaker profit outlook and the rising cost of keeping listeners engaged.
Are you having trouble trying to use Spotify today? You can take some solace in knowing that you’re not the only one. The music streaming service appears to be down for thousand
By Jaspreet Singh April 28 (Reuters) - Spotify forecast second-quarter earnings below estimates on Tuesday, citing more spending on marketing for new features as growth in major markets of Europe and North America slowed,
The move comes weeks after Bill Ackman and Pershing Square had submitted an offer to acquire UMG, including in that proposal a plan to sell the company's Spotify stake.