Spotify is trading at $567.48, up +9.24%, as investors appear to focus on its Q4 operating-income forecast of €820 million, above cited analyst consensus.
- Q3 Premium subscribers reached 306 million, beating company guidance by 1 million; monthly active users grew 11% year over year.
- Q3 revenue and EPS missed estimates.
- Broader markets were weaker, making them a less likely explanation for Spotify’s gain than its earnings and outlook.