Spotify falls on lower-than-expected Q2 operating income forecast

Shares of Swedish audio streaming giant Spotify Technology SPOT.N fall 6.3% to $560 premarket

SPOT forecast operating income of 539 mln euros ($614.24 mln) for Q2, below estimates of 557.5 mln euros - data compiled by LSEG

Co expects Q2 monthly active users of 689 mln, compared with estimate of 684.9 mln

Q1 revenue rose 15% to 4.19 bln euros, slightly below estimates of 4.20 bln euros

Up to last close, stock had risen 33.6% YTD

($1 = 0.8775 euros)