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# UPDATE: Spotify [NYSE:SPOT] Ends Day Down 5.66%
- URL: https://www.hypebot.com/spotify-stock-down-11-after-q1-earnings-miss/
- Published: 2018-05-03T13:35:00.000Z
- Updated: 2018-05-03T13:35:00.000Z
- Description: UPDATED: Spotify stock began trading Thursday at $151.43, 11% lower than its $170 Wednesday close, after the streamer missed revenue estimates Wall Street analysts. The stock ended trading on Thursday. Continue reading [https://www.hypebot.com/hypebot/2018/05/spotify-stock-down-11-after-q1-earnings
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Startups & Funding, Streaming, 2010 FIFA World Cup, Active shooter, Advertising, Africa, Allen & Company, Ally Financial, American Agricultural Law Association, Antonio Trillanes, Augmented reality, Australia, Bellevue, Bittorrent, Blake Morgan, Initial public offering, Public company, Social Media, Spotify, Spotify. Associated Press, The Wall Street Journal, Wall Street, Washington, #wp, #wp-post, #Import 2026-01-21 10:05

[![Arrow_outline_green_down](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224e036d8c2200d-200wi "Arrow_outline_green_down")](http://hypebot.typepad.com/.a/6a00d83451b36c69e20224e036d8c2200d-popup?ref=hypebot.com)UPDATED: Spotify stock began trading Thursday at $151.43, 11% lower than its $170 Wednesday close, after the streamer missed revenue estimates Wall Street analysts. The stock ended trading on Thursday down 5.66% at $160.38.Spotify's weaker earnings come amid increased competition and solid, but not inspiring, user growth.

**Read more and our full analysis [here.](https://www.hypebot.com/hypebot/2018/05/spotify-reports-170m-users-stock-drops-8-.html)**

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