Spotify stock closed down 5.74% on Wednesday after the streamer missed monthly user growth projections.
It fell another .9% in after-hours trading. At one point on Wednesday, the stock was down $21.31 or 9.00%
Spotify posted 365 million monthly active users, up 22% year-over-year falling just sort of its guidance of 366 million to 373 million users.
Other numbers including ad revenues were stronger.
