Spotify shares pop 12% on strong user growth
Publishing timestamp: 2023-01-31 16:00:33
Summary
Spotify's fourth-quarter earnings beat analysts' expectations for revenue and showed strong user growth. The company reported 489 million monthly active users and 205 million paid subscribers, both up from the year before. The company is continuing to invest in advertising and podcasting, and CEO Daniel Ek took responsibility for the recent layoffs.
Sentiment: POSITIVE
Tickers: SPOT,
Keywords: spotify technology sa, technology, internet, business news, social media,
Source: https://www.cnbc.com/2023/01/31/spotify-spot-earnings-q4-2022.html