The audio streaming specialist's stock just got hammered after its latest quarterly report, worsening an already bad sell-off.
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The audio streaming specialist's stock just got hammered after its latest quarterly report, worsening an already bad sell-off.
Investing.com -- Universal Music Group NV said Wednesday it will sell half of its stake in Spotify Technology SA and increase its share buyback program to €1 billion.
First-quarter revenue held flat at €2.9 billion as a weak U.S. dollar offset 8.1% constant-currency growth
The music company behind Lady Gaga and Taylor Swift said revenue for the three months to the end of March grew 8.1% on year at constant currency to 2.90 billion.
Spotify (NYSE:SPOT) faces sharply divided Wall Street sentiment after its Q1 2026 earnings, with four firms cutting price targets while Rosenblatt issued a contrarian upgrade. Spotify stock closed at $434.20 on April 28, capping a 17% one-week decline. The reaction is striking given headline numbers beat expectations. Spotify’s EPS of $3.45 topped the $2.95 consensus, ... Wall Street Slashes Spotify Price Targets After Q1 Miss: Is the Subscriber Story Cracking?