Spotify guides Q3 profit below estimates as user growth slows

Spotify gave investors a number they did not love. The streaming company guided to third-quarter operating income of €670m, just short of the €678m Wall Street had pencilled in, and the stock has already had a rough year. Spotify is also fighting on newer fronts. A flood of AI-generated tracks has swamped streaming, and rivals […] This story continues at The Next Web