spotify â ė§ęļ ëŽīėĻ ėžėī?
Shares of the company fell around 6% in premarket trading.
Shares of the company fell around 6% in premarket trading. Investors closely monitor the company's profitability after price hikes and cost-cutting efforts in recent years amid its growing focus on adding artificial intelligence features to improve discovery and engagement. Spotify expects operating income of âŽ630m for the second quarter, below LSEG-compiled analysts' average estimate of âŽ684m. That sharply contrasted with Spotify's record operating income of âŽ715m in the first quarter, helped by lower payroll taxes. It beat estimates of âŽ681.6m. Such taxes, called social charges, are tied to

