Earnings Results: Spotify stock enjoys best day in a year amid strong user growth

by | Jan 31, 2023 | Stock Market

Spotify Technology SA’s revenue largely matched expectations in the fourth quarter, though the company delivered better user growth than anticipated and seemed to appease Wall Street with its more disciplined approach to the future. The music-streaming company on Tuesday posted a fourth-quarter net loss of €270 million ($292 million), or $1.40 a share, compared with a loss of €39 million, or 99 cents a share, in the year-earlier quarter. Analysts tracked by FactSet were anticipating a €1.28 loss on a per-share basis. Spotify’s…

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