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Spotify shares fall on revenue miss and weak guidance

Spotify shares fall on revenue miss and weak guidance

Budrul Chukrut | LightRocket | Getty Images

Shares of Spotify fell 6% in premarket trading Tuesday after the company released

 that missed analysts’ estimates for revenue and offered weaker-than-expected guidance.

Here’s how the company did:

  • Loss per share: Loss of 1.55 euros, not comparable to estimates
  • Revenue: 3.18 billion euros vs. 3.21 billion euros expected by analysts, according to Refinitiv

Revenue was up 11% year…

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