Spotify shares surge following Q3 growth metrics announcement
SPOT Spotify Technology SA
$583.66 +11.10%
View chart & analysis → - 1Spotify recorded an 11% year-over-year growth in monthly active users (MAUs) for the third quarter.
- 2Spotify reached 306 million Premium subscribers in the third quarter.
- 3Spotify plans to launch audiobook services in more than 180 markets by the end of this year.
So what's the key point?
Spotify's user count increased by 11 percent compared to last year. As the service is growing well, people expect the stock price to rise further.
Source The Motley Fool +1 · View original ↗
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