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Spotify Losses Narrow As User Growth Tops Forecasts In Strong Q4; Stock Pops
Spotify's losses narrowed and sales rose with user and subscribers additions beating expectations in a strong fourth quarter.
Getty Images Spotify ‘s losses narrowed and sales rose with user and subscribers additions beating expectations in a strong fourth quarter. The company has shed staff and others costs and sees “revenue and profitability trends both inflecting favorably heading into 2024.” Excluding one-time charges, it has €68 million in adjusted operating income, more than double the third quarter as the business continues momentum towards sustainable growth and profitability.
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