Spotify's stock popped as the music streaming platform reported strong monthly average user growth and said it had its best "Spotify Wrapped" ever.
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Spotify
’s stock popped 14% as the music streaming platform added more users and bolstered features in newer markets.
Here’s how the company did compared to LSEG estimates.
Revenues in the fourth quarter rose 7% year over year.
The streaming platform had 281 million premium subscribers for the quarter, coming in just below StreetAccount expectations.
The Swedish music giant saw record users despite artists saying they aren't paid enough to put their music on the platform.
Streaming giant Spotify said Tuesday that it had 777 million monthly active users at the end of June, 16 million more than in the…
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Swedish streaming platform's shares are down despite reporting premium subscriber target of 305-million
In Spotify's Q2 earnings call, the company says their AI remixing tool has "strong momentum" and that AI investments "are in our…
