Spotify reports bigger-than-expected loss, paid subscribers disappoint

Reuters reports:Spotify Technology SA’s lighter-than-expected number of new paid subscribers drove shares as much as 5% lower in trading before the bell, overshadowing revenue, gross margins and user engagement successes in the second quarter.
[The company] said premium subscribers rose 30% from a year earlier to 108 million, but missed analysts’ expectation of 108.5 million… “The issue is that they missed on paid subs, which is probably the most important number for the