Spotify Sags Citing Subscriber Stability

Spotify beat on profits but missed slightly on sales. The company's fourth-quarter revenue guidance fell short of Wall Street estimates. The world's biggest paid-music service on Thursday said it earned €0.23 per share, well above the €0.24 loss that was expected by the Bloomberg consensus. It generated €1.35 billion of revenue, edging out the €1.334 billion estimate.