Spotify expects strong profit on price hikes, user growth

By Jaspreet Singh (Reuters) -Spotify forecast fourth-quarter profit above Wall Street expectations on Tuesday, betting on robust user growth and a boost from price hikes in the crucial holiday season. These results mark the company's first earnings report since the September announcement that founder-CEO Daniel Ek will transition to executive chairman in January. The Swedish audio-streaming giant expects operating income of 620 million euros ($723.04 million) in the fourth quarter, above estimates of 61 ...