Spotify Technology SA (SPOT) has released an update.
Spotify Technology S.A. reported a significant rise in revenue for the third quarter of 2024, reaching €3.988 billion, up from €3.357 billion the previous year. Despite increased costs, the company achieved a notable operating income of €454 million, showcasing its growth momentum in the music streaming market. Investors may find this performance promising, as Spotify continues to expand its market presence.
For further insights into SPOT stock, check out TipRanks’ Stock Analysis page.
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