Spotify jumps 14% after the music-streaming giant reports record profit in the 2nd quarter
Spotify stock surged Tuesday on record profits and strong guidance delivered in the streaming service's second-quarter results.
Bryan Erickson/BI
- Spotify shares jumped as much as 14% on Tuesday after it reported earnings.
- Total revenue grew 20% year-over-year in the second quarter,
- Record profits were driven by a 12% increase in premium subscribers and increased ad sales.
Spotify stock jumped Tuesday as the company's latest earnings breezed past expectations...
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