Spotify Technology Shares Rise Despite Third-Quarter Net Profit Decline
SPOT Spotify Technology SA
$584.22 +0.10%
View chart & analysis → - 1Spotify Technology's third-quarter net profit decreased to 518 million euros (580 million dollars).
- 2Spotify's third-quarter revenue recorded approximately 5 billion euros (5.6 billion dollars).
- 3On Thursday, Spotify shares rose nearly 4%, outperforming the S&P 500 index.
So what's the key point?
Spotify Technology's third-quarter profit fell to 518 million euros. However, the stock price rose nearly 4%, performing better than the market.
Source The Motley Fool +1 · View original ↗
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