Reported about 9 hours ago
Spotify has forecasted a fourth-quarter profit exceeding Wall Street estimates, benefiting from significant user growth and recent price hikes during the holiday season. The company anticipates an operating income of 620 million euros, bolstered by a strong increase in premium subscribers and active users. CEO Daniel Ek emphasized a focus on expanding content and attracting new users, as Spotify continues to enhance its offerings in podcasts, audiobooks, and video content despite growing competition in the music streaming space.
Source: YAHOO