Spotify Stock Falls After Music Streamer Misses Earnings Goal

Licensing

Streaming music leader Spotify Technology (SPOT) on Tuesday beat analyst estimates for paying subscribers in the second quarter but missed views on earnings. Spotify stock fell in early trading. The Stockholm-based company added 7 million premium subscribers in the June quarter, vs. the consensus estimate of 6.1 million. It ended Q2 with 300 million paying subscribers worldwide, up 9% year…