Spotify rose 7 percent in New York today despite issues with merchandise replenishment and weaker growth.
Meanwhile, operations incurred a loss of four million dollars after an operating profit of about 50 million dollars a year ago. This was mainly due to significantly increased costs for marketing and sales as well as research and development, as the company founded by the German-Canadian entrepreneur Tobias Lütke announced in Ottawa on Thursday. On the bottom line, the group earned $1.15 billion, more than its revenue. However, this is only due to the revaluation of equity investments.
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