Here's Why Spotify Stock Jumped Today
SPOTSpotify(SPOT) The Motley Fool·2024-04-23 22:38

The audio-streaming platform is setting records as subscribers pay for premium services. Shares of audio-streaming platform Spotify Technologies (SPOT 15.04%) jumped on Tuesday after the Swedish company reported financial results for the first quarter of 2024. As of 9:40 a.m. ET, Spotify stock was up 13% and hitting new 52-week highs. Spotify's growth leads to a profit Spotify ended Q1 with 615 million monthly active users, which was slightly below analysts' expectations and management's guidance. That said ...