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Why is Spotify Technology S A (SPOT) Stock down?

25 Jul, 2023:

Shares of music-streaming giant Spotify (SPOT) fell as much as 14.26% to $140.38 in trading on Tuesday after the company reported lackluster second-quarter FY23 earnings. Revenue was up 11% in the quarter to 3.18 billion euros, but the company reported a 247 million euro operating loss and only 9 million euros of free cash flow.

https://www.fool.com/investing/2023/07/25/why-spotify-stock-dropped-133-today/

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