LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported first-quarter profit of $843.7 million.
On a per-share basis, the Luxembourg-based company said it had net income of $4.04.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.72 per share.
The music-streaming service operator posted revenue of $5.3 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $5.36 billion.
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