Spotify forecasts profit above estimates on user growth, price hikes

Core Viewpoint - Spotify is projecting a fourth-quarter profit that exceeds Wall Street expectations, driven by strong user growth and anticipated benefits from price increases during the holiday season [1] User Growth - The company is betting on robust user growth as a key factor for its positive profit forecast [1] Price Hikes - Spotify expects that price hikes will contribute significantly to its revenue during the crucial holiday season [1]