SPOT

The Swedish music streaming giant has successfully squeezed its way back to profitability after overexpanding during the pandemic. Let’s take a look at its third-quarter results and why the stock is popping. 👀

Earnings of 33 euro cents per share beat the 22 euro cents expected, while revenues of 3.36 billion euros topped estimates by about 1%. Premium subscriber numbers also surprised to the upside, at 226 million vs. 224 million anticipated.