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# Spotify Stock Hits All Time Low After Earnings Call
- URL: https://www.hypebot.com/spotify-stock-hits-all-time-low-after-earmings-call/
- Published: 2018-11-02T08:25:01.000Z
- Updated: 2018-11-02T08:25:01.000Z
- Description: Spotify stock closed at $141.70, down 5.7% on Thursday, after the streamer said that it would continue to sacrifice profit margins to generate growth. The stock downturn came despite a nearly. Continue reading [https://www.hypebot.com/hypebot/2018/11/spotify-stock-hits-all-time-low-after-earmings-ca
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, Spotify, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify new](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad377503b200c-150wi "Spotify new")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad377503b200c-popup?ref=hypebot.com)Spotify stock closed at $141.70, down 5.7% on Thursday, after the streamer said that it would continue to sacrifice profit margins to generate growth. The stock downturn came despite a nearly profitable quarter and represents a 30% drop from its IPO day close.“Operating margin improvement in Q3 was largely due to shortfalls in hiring,” the company said in a statement, along with a pledge to accelerate investments in research and development in features and content during 2019\. That, said Spotify will reduce its operating margins “for the foreseeable future.”

**MORE: [Spotify Passes 191M Users Fueled By Int'l Growth](https://www.hypebot.com/hypebot/2018/11/spotify-passes-191m-users-fueled-by-intl-growth-.html)**