Spotify Technology SA

SPOT: XNYS (USA)
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Spotify Earnings: Good Results and Outlook, but Stock Rally Relates More to Quelling Fears

Spotify’s third-quarter sales, profits, and subscriber additions were all roughly consistent with the firm's guidance. The fourth-quarter outlook was positive but not earth-shattering. However, the firm is proving it can monetize its new features, reduce costs, and improve advertising sales.

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