Spotify Forecasts Profit Below Estimate on High Payroll Taxes, Shares Sink

Spotify forecasts profit below estimate as higher payroll taxes outweigh streaming demand

Investors are monitoring the company’s profitability after recent price hikes and cost-cutting efforts helped it achieve its first annual profit for 2024

Spotify Forecasts Third-Quarter Profit Below Estimates on Higher Taxes

Spotify forecasts profit below estimate on high payroll taxes, shares sink

Spotify forecast quarterly profit below estimate on Tuesday, as higher taxes related to employee salaries outweigh music streaming demand, sending its high-flying shares down 11%.Read MoreThe post Spotify forecasts profit below estimate on high payroll taxes, shares sink first appeared on The Who Dat Daily.

Spotify Stock Dips On Q2 Miss; CEO Says Streamer “Behind” On Plan For Its Advertising Business

“Not every decision will yield immediate returns, and our progress is not always linear,” Spotify chief executive Daniel Ek said Tuesday on a call after the music streamer reported quarterly numbers. Revenue and income fell short of forecasts, while subscribers were a beat. Net subscriber additions rose 30% in the first half of 2025 vs […]

Live Earnings Analysis: Spotify (NYSEL SPOT) Sinks After Weak Guidance

Live Updates Live Coverage Updates appear automatically as they are published. Spotify Whipsawing In Premarket Trading 8:07 am by Eric Bleeker Spotify shares traded down nearly 10% immediately following their earnings release, then they rebounded to down 3.5%, and are now trading down nearly 6%. There’s a lot ot take in with these earnings. How much of the weak revenue guide is impacted by currency movements, for example? And how does Wall S…