Spotify stock slides 7% after hours as investors eye earnings, price hikes and a new payments deal
Spotify shares fell 7.1% to $440.53 in after-hours trading Wednesday, touching a session low of $438.92. The drop followed the launch of new lyrics features and a payments deal with Checkout.com. Investors are watching for Spotify’s quarterly results on Feb. 10, as recent price hikes raise questions about subscriber response.