Spotify says monthly users and profits will likely fall below estimates

Spotify said it expects operating income of €670 million (US$770.97 million) in the third quarter, below analysts' average estimates of €677.8 million.

Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares nearly4 per cent lower in premarket trading.

Aug 4 : Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares around 5 per cent lower in premarket trading. The Swedish company has launched AI features like "Personal Podcasts" an

E-mails are being sent to unwitting Spotify users saying payments couldn’t be processed because of issues with cards.