Spotify shares fell 7% in premarket trading after reporting lower than expected Q2 results. Revenue rose 10% to 4.19 billion euros, missing analysts’ estimates. Monthly active users grew 11% to 696 million, exceeding projections. Premium subscribers increased 12% to 276 million. Spotify projects Q3 revenue of EUR4.2 billion, 710 million MAUs, and 281 million premium subscribers.

Read more at Yahoo Finance: Spotify Stock Sinks on Weaker-Than-Expected Results, Soft Outlook