Spotify Technology SA (NYSE:SPOT) shares rallied around 3.5% to €213 after its operating loss for the fourth quarter was narrower than the company’s guidance had initially forecast. Operating losses reached €75 million for the last three months of 2023, building on 2022’s €231 million loss. A one-off €143 million hit during the quarter was due to “real estate optimisation” and severance pay for some of the 2,300 jobs it axed during the year. Spotify said without this charge adjusted operating income would h ...