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Benzinga
Benzinga
Business
Tyler Bundy

Spotify Breaks Out Of A Pattern And Moves Lower: What's Next?

Spotify NYSE Spotify Technology SA

Spotify Technology SA (NYSE:SPOT) shares are trading lower Thursday after the company reported fourth-quarter financial results and issued guidance.

Spotify reported quarterly revenue of 2.689 billion euros ($3.03 billion), representing an increase of 24% year-over-year. Spotify said it expects first-quarter revenue of 2.6 billion euros, which is below the current quarter's revenue and could be weighing on the stock.

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