23/4/2024, 8:59:03 pm

Here's Why Spotify Stock Jumped Today

Shares of audio-streaming platform Spotify Technologies (NYSE: SPOT) jumped on Tuesday after the Swedish company reported financial results for the first quarter of 2024. As of 9:40 a.m. ET, Spotify stock was up 13% and hitting new 52-week highs.Spotify's growth leads to a profitSpotify ended Q1 with 615 million monthly active users, which was slightly below analysts' expectations and management.