LUXEMBOURG (AP) _ Spotify Technology SA (SPOT) on Wednesday reported a loss of $149.1 million in its fourth quarter.

The Luxembourg-based company said it had a loss of 79 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 74 cents per share.

The music-streaming service operator posted revenue of $2.59 billion in the period, which beat Street forecasts. Eight analysts surveyed by Zacks expected $2.56 billion.

For the year, the company reported that its loss widened to $663.6 million, or $3.54 per share. Revenue was reported as $9 billion.

Spotify shares have increased almost 10% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPOT at https://www.zacks.com/ap/SPOT

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