Spotify jumps after upbeat profit forecast
ReutersFeb 10, 2026 11:20 AM
Shares of audio streaming giant Spotify SPOT.N rise 13.5% to $471 in premarket trading
SPOT forecasts operating income of 660 million euros ($786.13 million) in the first quarter, compared with analysts' average estimate of 652.3 million euros, according to data compiled by LSEG
For the first quarter, it forecasts revenue of 4.5 billion euros, slightly below the estimate of 4.57 billion euros
It projected monthly active users of 759 million for the first quarter, topping an expectation of 753 million
Fourth-quarter revenue rose 7% to 4.53 billion euros, in line with estimates
Up to last close, the stock has fallen 28.6% YTD
($1 = 0.8396 euros)
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