Tuesday, 4 August, 2026
Static Signals: Spotify Hits Sound Barrier as Growth in West Slows Down
By TechShots Studio
Spotify projected Q3 operating income of €670 million ($771 million), falling short of Wall Street estimates of €677.8 million as subscriber growth stalls in core markets like North America and Europe. The weak profit forecast sent shares down nearly 4% in pre-market trading, despite the audio giant launching new AI features and licensing deals to boost user engagement and expand its paid tools.
Read full story at REUTERS