Spotify stock rebounds in after-hours as SPOT traders brace for holiday-thinned markets
Spotify shares climbed 2.8% to $458.09 in after-hours trading Friday, rebounding from an 8.5% drop the previous day. The company reported 751 million monthly active users and 290 million premium subscribers for Q4, with €4.531 billion in revenue and €701 million operating income. Spotify forecast Q1 operating income above Wall Street estimates after price hikes and user growth. U.S. markets close Monday for Washington’s Birthday.