Spotify Technology (NYSE: SPOT) recently released its first quarter results for 2024. The company exceeded analyst expectations by reporting earnings per share of $1.05, compared to the estimated 70 cents. Additionally, Spotify reported revenue of $3.95 billion, which was 2.57% higher than the estimated $3.85 billion.
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Overall, Spotify’s Q1 results were strong, with a beat on both revenue and earnings per share estimates from analysts, indicating continued growth for the streaming giant in the music industry.