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Spotify is getting hammered after its earnings miss

Spotify is getting crushed early Thursday. The stock slid Wednesday afternoon, after the company showed a bad first report card to investors. Thursday, to start the day, the stock is dropping even more.

Spotify is climbing ahead of earnings

The freshly public company is expected to report a first quarter loss of $0.31 per share on revenues of $1.14 billion, according to a Bloomberg poll of analysts. In 2017, Spotify lost $5 billion on revenue of $1.5 billion.