Spotify Stock Pops 14% To 3-Year High—Races To First Profitable Year

Spotify shattered Q2 profit expectations. Key Facts Tuesday's rally came after the company delivered bumper quarterly results. With more than $500 million in net income booked in Spotify's first two quarters and a further$630 million projected over the second half of the year, Wall Street now expects the streamer to easily tally its first-ever profitable year, turning around from 2022's $467 million loss and 2023's$572 million loss. 330%. That's about how much Spotify stock is up since the end of 2022. It ...