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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 ....

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spotify shares: Spotify's user growth beats estimates, forecasts upbeat year

The number of monthly active users rose by 23% to 602 million in the fourth quarter, beating Spotify s guidance and analysts forecasts of 601.33 million. Premium subscribers, who account for most of the company s revenue, rose by 15% to 236 million, topping estimates of 235.1 million, according to IBES data from LSEG. ....

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