5 Investors Betting Big on Spotify (SPOT) Stock

Spotify (NYSE:SPOT) is popping dramatically higher today, mitigating concerns about discretionary consumer sentiment. The company reported its fiscal first-quarter earnings on Tuesday and exceeded both top- and bottom-line forecasts. Notably, Spotify posted record profits in Q1, delighting investors and top-level buyers of SPOT stock.Breaking down the details, Spotify reported operating income of 168 million euros ($179.8 million), up from a loss of 156 million euros in Q1 2023. Still, it’s worth pointing o ...