An attendee tries out Spotify Ltd.’s music streaming service, operated by Spotify Japan K.K., on a laptop computer during a launch event in Tokyo, Japan (Photographer: Akio Kon/Bloomberg)

Pandora and Spotify Both Surprise Investors as Fortunes Diverge

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(Bloomberg) -- What a difference a week makes. Or just a couple of days if you’re in the music-streaming world.

After Spotify Technology posted disappointing growth figures on Wednesday, triggering the stock’s worst decline since its April listing, Thursday afternoon saw marginalized rival Pandora turn in a surprise of its own. Shares of the online-radio company enjoyed their biggest rally ever after it posted a smaller-than-expected loss last quarter, and showed new services are helping add subscribers.

Shares of Spotify continued to fall Friday, taking the two-day decline to more than 9 percent, while Pandora surged 22 percent over the two sessions.

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