Spotify continues profitable streak with knock-out third quarter
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Spotify Technology SA (NYSE:SPOT) reported a record €454 million in opening profit for Q3, marking its second consecutive profitable quarter. This is a significant increase from the €32 million profit in the same quarter last year.
November 13, 2024 | 12:00 pm
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Spotify Technology SA has reported a record €454 million in opening profit for Q3, marking its second consecutive profitable quarter. This is a significant improvement from the €32 million profit in the same quarter last year.
Spotify's record profit for Q3 and its second consecutive profitable quarter indicate strong financial performance and growth. This positive earnings report is likely to boost investor confidence and drive the stock price up in the short term.
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