Spotify Stock Jumps 5% After Earnings: Can Strong Q4 Guidance Fuel the Next Rally?

The post Spotify Stock Jumps 5% After Earnings: Can Strong Q4 Guidance Fuel the Next Rally? appeared first on Coinpedia Fintech News

Spotify stock rallied 5% in premarket trading after its third-quarter earnings report delivered a stronger-than-expected profit outlook, boosting investor sentiment toward the music-streaming giant. The company projected fourth-quarter operating income above Wall Street estimates and forecast robust Premium subscriber additions. However, revenue narrowly missed consensus, while monthly active user guidance came in slightly below expectations. …