Spotify's Incredible Quarter Pushes Shares 15% Higher

By Travis Hoium – Apr 24, 2024 at 6:06AM

NYSE: SPOT

Spotify Technology

Market Cap

$58B

Today's Change

(0.65%) $1.90

Current Price

$296.07

Price as of May 3, 2024, 4:00 p.m. ET

Spotify's efficiency push has paid off for investors.

Spotify (SPOT 0.65%) reported another great quarter today, and the stock is up 15% in response. But it wasn't growth that impressed investors; it was an improving bottom line. Travis Hoium covers the results in the video below.

*Stock prices used were end-of-day prices of April 23, 2024. The video was published on April 23, 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.