Spotify Stock Jumps 5% After Earnings: Can Strong Q4 Guidance Fuel the Next Rally?

Spotify stock surged around 5% in premarket trading as Q4 operating income guidance of €820 million topped Wall Street estimates. The company expects to add 10 million Premium subscribers in Q4, taking its paid subscriber base to 316 million. SPOT stock faces a key price test near $530 as investors assess whether stronger earnings guidance can sustain the post-earnings rally. Spotify stock rallied 5% in premarket trading after its third-quarter earnings report delivered a stronger-than-expected profit outlook, boosting investor sentiment toward the music-streaming giant. The company projected fourth-quarter operating income above Wall Street estimates and forecast robust Premium subscriber additions.

Source: Coinpedia