Spotify [NYSE: SPOT] stock closed up 10.36% Tuesday at $170.63, after strong Q3 earnings and user growth reports. By Wednesday morning, the price had fallen back about 1% to $168.83.
Q3 was the streamer’s first profitable quarter since 2021.
In the last three months, Spotify’s monthly active users (MAUs) passed 574 million, and paid subscribers topped 226 million.
Full coverage of theQ3 2023 earnings report:
Spotify Q3 2023: Users pass 574M in first Profitable Quarter since ’21
Bruce Houghton
