Spotify's stock rallies after earnings as user growth brings a positive surprise
SPOTSpotify(SPOT) Market Watch·2024-02-06 20:26

Spotify Technology SA edged past Wall Street estimates Tuesday with its user growth for the latest quarter, helping to send its stock higher in premarket action. The music-streaming company had 602 million monthly active users in the fourth quarter, up 5% on a sequential basis and ahead of the 601 million expected by analysts tracked by FactSet. Spotify SPOT, +0.35% reported 236 million premium subscribers, up 4% from the third quarter and above the 235 million that analysts were modeling. Spotify called ou ...