Why I'm Not Selling Spotify After a Disappointing Q2 Report

·4 min read
Why I'm Not Selling Spotify After a Disappointing Q2 Report

Shares of audio streamer Spotify (NYSE: SPOT) are dropping this week after the company released its Q2 earnings report. Investors were unhappy with the company's growth in monthly active users (MAUs); Spotify added only 9 million new users in the quarter and reached a total of 365 million. In the Q1 report, management guided for 366 million to 373 million MAUs in Q2, which Spotify failed to reach.