According to CNBC, the Swedish audiostreamer's soft guidance overshadowed an earnings beat.
Shares of Spotify, the Swedish audio-streaming company, fell 9% in premarket trading on April 28, 2026, after the firm reported earnings that beat expectations but issued weaker-than-anticipated guidance.
The stock initially dropped as much as 12% before partially recovering.
The stock initially dropped as much as 12% before partially recovering.
While Spotify's earnings exceeded forecasts, the muted outlook for future performance led to a significant sell-off, reflecting concerns about the company's growth trajectory.