Spotify stock price slipped marginally to $247

Spotify stock price slipped marginally to $247.10, with analysts attributing this to macro headwinds from rising US Treasury yields. However, sector rotation into digital media suggests the decline may be short-lived as ETF flows favor streaming stocks. In July, the company reported Q2 revenue of 4.19 billion euros ($4.86 billion) , below consensus estimates of 4.27 billion euros, while posting an adjusted loss of 0.42 euros ($0.49) per share. Ek attributed part of the shortfall to “outsized currency movements,” which impacted reported revenue by more than 100 million euros versus guidance. Whether you’re sharing a new audiobook with a friend for book club, bonding over your new favorite song, or swapping history podcasts with Dad, the right recommendation can spark a great conversation with those closest to you. Messages are a fast and convenient way to share and chat about what you’re listening to with the people you care about. Spotify stock price has gained traction among growth-focused hedge funds, as reflected in recent 13F filings. The shift aligns with projections of double-digit revenue growth in FY2024, placing Spotify in a favorable sectoral sweet spot.