The music streaming service said in its Q1 2024 earnings report that users, subscribers, and revenue were all up double digits. Spotify shares (ticker: SPOT) are spiking in premarket trading as of the time of this writing. The stock price jump comes after Spotify reported Q1 2024 results, with the company boasting that it achieved record profitability in the quarter.

Topics:  spot    q1   spotify   record   stock price   trading   shares   
BING NEWS:
  • Spotify Stock Soars After Earnings Beat. Why Profit Matters More Than a Miss on Users.
    S potify Technology shares were rising early on Tuesday after the music-streaming company beat expectations for its first-quarter profit, despite slightly slower user growth than forecast.
    04/23/2024 - 3:28 am | View Link
  • Spotify stock price jumps as Daniel Ek’s ‘year of monetization’ begins with record profits
    Streaming service Spotify reported record profitability in its Q1 2024 earnings report, with CEO Daniel Ek touting a "year of monetization." ...
    04/23/2024 - 12:55 am | View Link
  • Analysts retune Spotify's stock price target ahead of earnings
    Spotify is scheduled to report first-quarter results on April 23 before the market opens, prompting analysts to update their share price outlook. Analysts surveyed by FactSet expect the company to ...
    04/22/2024 - 9:33 am | View Link
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