Spotify shares pop on better-than-expected profit forecast
Publishing timestamp: 2024-11-12 17:54:40
Summary
Spotify issued profit guidance for Q4 that beat estimates, despite Q3 earnings and revenue falling below expectations. The company's operating income and MAUs for Q4 are expected to exceed analyst estimates, leading to an 8% increase in Spotify shares.
Sentiment: POSITIVE
Tickers: SPOT,
Keywords: breaking news: technology, spotify technology sa, music, earnings, technology, business news,
Source: https://www.cnbc.com/2024/11/12/spotify-shares-pop-on-better-than-expected-profit-forecast.html