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

Feb 10 (Reuters) - Spotify forecast first-quarter earnings above Wall Street estimates on Tuesday, as the Swedish audio-streaming benefits from strong user growth and ​price hikes, sending its shares up around 12% in premarket trading. The ‌results are the first since co-CEOs Gustav Soderstrom and Alex Norstrom took the reins from founder Daniel ‌Ek, who became executive chairman in January. While price increases in several markets and cost cuts powered profits in the December quarter, the company's re ...