LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported a loss of $97.6 million in its second quarter.
The Luxembourg-based company said it had a loss of 48 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The music-streaming service operator posted revenue of $4.76 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $4.93 billion.
For the current quarter ending in September, Spotify said it expects revenue in the range of $4.77 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPOT at https://www.zacks.com/ap/SPOT
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