Spotify stock jumps as Q2 earnings and gross margin top expectations

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Spotify stock jumps as Q2 earnings and gross margin top expectations

) shares popped in premarket trading Tuesday after the company reported better-than-expected earnings and gross margin for the fiscal Q2 2024.

Monthly active users were reported at 626 million, below the estimated 631.46 million. Ad-supported MAUs were 393 million, also falling short of analysts’ expectations of 397.71 million.

 

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