Spotify's AI Spending Binge Sparks Fresh Growth Fears
Spotify stock fell as Q2 earnings of $3.03/share missed Wall Street estimates, despite subscriber growth reaching 300 million.
Spotify made more money per share than some thought it would, and got 300 million people listening, but Wall Street worried the company is spending too much on AI stuff. When a company spends lots of money right now, people wonder if it'll pay off later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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