Spotify Stock Jumps 8.6% as Q4 Profit Outlook Beats Estimates

TLDR Spotify stock climbed 8.6% after its fourth-quarter operating income forecast exceeded Wall Street expectations. Spotify expects €820 million in fourth-quarter operating income, compared with analysts’ €813.4 million estimate. The company projects 316 million premium subscribers by year-end, above the 314.7 million analyst forecast. Third-quarter revenue reached €4.97 billion, while earnings per share of €2.48 [...]

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