Spotify shares skid as inaugural results undermine Wall Street hype

UBS analysts expected investors to have a muted reaction to Spotify`s inaugural results with revenue and subscriptions coming in below the top end of its guided range being a "light disappointment". Slow growth in North America, where the service is up against tech heavyweights Apple, Amazon and Google as well as smaller peer Pandora, was highlighted as a concern by Atlantic Equities and RBC analysts.

Spotify shares skid as inaugural results undermine Wall

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