USSTOCK.TODAY
After-Market
Log in Sign up

Spotify shares up 5% in pre-market trading following Q3 earnings release

The Wall Street Journal +6 ·

SPOT Spotify Technology SA
$583.66 +11.10%
View chart & analysis →
NVDA -4.36%
  1. 1Spotify recorded a 9% year-over-year growth rate in Spotify Premium subscribers.
  2. 2Spotify achieved nearly 5 billion euros in revenue for the third quarter.
  3. 3Spotify recorded a record gross margin of 33%.

So what's the key point?

Spotify saw an increase in paid subscribers and reached nearly 5 billion euros in revenue. The stock price rose 5% as profit margins also came in high.

Source The Wall Street Journal +6 · View original ↗

Related 3-line summaries

Badger Meter Inc. reports $35.9 million in third-quarter earnings Associated Press +3 · 5h agoValley National Bancorp Beats Q3 Net Income and Revenue Estimates Associated Press +4 · 6h agoQuest Diagnostics reports $312 million in third-quarter net income Associated Press +4 · 6h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news