Spotify shares plunge 6% as Q3 MAU and operating profit outlook miss estimates

1. 1Spotify (SPOT) shares dropped 6% in early Tuesday trading.
2. 2Q3 monthly active users are projected at 788 million and operating profit at roughly $771 million, both falling short of expectations.
3. 3Q2 revenue came in at about $5.5 billion, up 14% year-over-year but slightly below estimates, and the stock is down 15% year-to-date.

Source Investor's Business Daily +1 · View original ↗

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