Everything You Need to Know About Spotify's Blowout Quarter

By Travis Hoium – Feb 6, 2024 at 2:42PM

NYSE: SPOT

Spotify Technology

Market Cap

$56B

Today's Change

(0.20%) $0.57

Current Price

$289.59

Price as of April 26, 2024, 4:00 p.m. ET

Spotify is growing in all the right places.

Shares of Spotify (SPOT 0.20%) jumped as much as 11.4% in early trading on Tuesday after it reported fourth-quarter 2023 financial results. Not only did user and revenue growth beat estimates, the company's efficiency focus has led to strong free cash flow from the business.

Travis Hoium digs through everything you need to know in this video.

*Stock prices used were end-of-day prices of Feb. 6, 2024. The video was published on Feb. 6, 2024.

Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.