Spotify (NYSE: SPOT) Stock Jumps on Subscriber Growth Despite Q3 Earnings Miss
Spotify (NYSE: SPOT) reported third-quarter earnings of $2.85 per share and revenue of $4.97 billion, both falling short of analyst estimates. Despite the financial misses, Spotify's stock price surged 10% to $579.00 driven by stronger-than-expected premium subscriber growth. At the reported share…