💨 Abstract

Spotify forecasts first-quarter profit above market expectations due to increased user growth, price hikes, and cost-cutting. The company expects to add 2 million premium subscribers, taking the total to 265 million, and forecasts monthly active users of 678 million. Fourth-quarter revenue rose 16% to 4.24 billion euros, and gross profit jumped 40% to 1.37

Courtesy: theprint.in

Summarized by Einstein Beta 🤖