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# Spotify stock falls on weak quarterly report and guidance – NYSE: SPOT
- URL: https://www.hypebot.com/spotify-stock-falls-on-weak-quarterly-report-and-guidance-nyse-spot/
- Published: 2023-07-25T11:20:00.000Z
- Updated: 2023-07-26T12:27:38.000Z
- Description: Despite record quarterly user growth to 551 million and Monday’s price increase in 50 countries, investors dove Spotify stock down as much as 6.1% in pre-market trading Tuesday. Here’s an. Continue reading [https://www.hypebot.com/hypebot/2023/07/spotify-stock-falls-on-weak-quarterly-report-and-guid
- Author: Bruce Houghton
- Tags: Music Business, music, music industry, Music Tech, musician, musicians, Spotify, #wp, #wp-post, #Import 2026-01-21 09:44

Despite record quarterly user growth to 551 million and Monday’s [price increase in 50 countries](https://www.hypebot.com/spotify-confirms-price-increases-in-50-countries-starting-today/), investors dove Spotify stock down as much as 6.1% in pre-market trading Tuesday. Here’s an [update.](https://www.hypebot.com/spotify-stock-tumbles-tuesday-despite-strong-user-growth-nyse-spot/)

Spotify reported revenue of €3.18/$3.41 billion, below analyst forecasts of €3.21/$3.55 billion. Full-year revenue guidance was also worse than analysts expected. The streamer also sent mixed signals about whether the recent [subscription price increases](https://www.hypebot.com/spotify-confirms-price-increases-in-50-countries-starting-today/) would slow paid user growth.

As of 8:30 AM Tuesday, Spotify stock was at $154.02, down $9.70 or -5.92% in premarket trading.

#### MORE

#### [Spotify users jump 27% to 551](https://www.hypebot.com/spotify-users-jump-27-to-551m-subscribers-up-17-to-220m/)[M, and subscribers up 17% to 220M \[NYSE: SPOT\]](https://www.hypebot.com/spotify-users-jump-27-to-551m-subscribers-up-17-to-220m/)

#### [Spotify confirms price increases in 50 countries](https://www.hypebot.com/spotify-confirms-price-increases-in-50-countries-starting-today/)