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Spotify shares rally 16% after Q1 gross profit tops 1 billion euros

Swedish company Spotify Technology SA, listed on the NYSE, was trading at $311.01, higher $38.77, or 14.24 per cent, at 11:47 a.m. EDT

York stock exchangeWall streetNew york stock exchangeSpotify sharesSpotify earningsSpotify stockSpotify resultsPodcast streamingMusic streaming

Spotify posts quarterly profit, reaches 22 60 crore paid subscribers

Spotify has diligently controlled costs, including a 6% reduction in its workforce earlier this year and raising prices for its premium plans in July.

Paul vogelChief financial officerPotify earningSpotify resultsSpotify q3Spotify subscribersPotify paid subscribers

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