Spotify Shares Under Pressure Despite Beat in Q3 Metrics

3 months ago

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"Lastly, looking at shares of Spotify, this company in focus, that's ticker SPOT. Shares falling uh for their lowest since May, down as much as 6.4%. And this is after they reported active users and sales in the third quarter that beat expectations, but we did see ad supported revenue that fell."

The speaker discusses Spotify (SPOT), noting that despite beating expectations on active users and sales in Q3, the stock is trading at its lowest since May with a 6.4% decline, influenced by a drop in ad-supported revenue.

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