Spotify expects profit above estimates as founder Daniel Ek moves to new role

Core Viewpoint - Spotify forecasts first-quarter earnings that exceed Wall Street estimates, indicating strong user growth despite recent price hikes, which has resulted in a 10% increase in shares during premarket trading [1] Group 1: Financial Performance - The company anticipates earnings that are above market expectations for the first quarter [1] - The positive earnings forecast is attributed to the successful attraction of new users [1] Group 2: Market Reaction - Following the earnings forecast, Spotify's shares rose by 10% in premarket trading [1]