We're issuing a "Code Blue"... for shares of Molson Coors. The nation's #2 brewer saw quarterly sales fall 4.4% as Americans swap light, frat-basement beers for rosé, canned wine, whiskeys, and artisan brews. It's launching a new "Made to Chill" ad campaign (no silver bullets or rocky mountains in this one) to regain some demand for its flagship Coors Light.
Buffering... Spotify shares dipped after announcing it reached 232M monthly active users, just short of analysts' expectations. It added too few paying subscribers, but the music streamer's big podcast bet is showing results: The number of pod-faithfuls on Spotify has doubled over the last year (and they spend twice as much time on the platform as music listeners do).
Someone dropped a banana... and Nintendo skidded on it. Shares dropped on word the gamer's profits fell 10% last quarter. This comes just before it launches Switch Lite — the lower-priced handheld game console it hopes will spark a new sales surge. Until then, it's partnering up with Chinese tech to push its Pokemon crew deeper into China.