Spotify Technology SA (SPOT) reported Q4 diluted earnings Tuesday of 1.76 euros ($1.82) per share, swinging from a loss of 0.36 euros a year earlier.
Analysts polled by FactSet expected earnings of 1.99 euros per share.
Revenue for the quarter ended Dec. 31 was 4.24 billion euros, up from 3.67 billion euros a year earlier.
Analysts surveyed by FactSet expected 4.15 billion euros.
Spotify said it had 675 million total monthly active users in Q4, up 12% year over year.
The company said it expects Q1 revenue of 4.2 billion euros. Analysts polled by FactSet expect 4.17 billion euros.
Shares of the company were up more than 7% in recent premarket activity.
Price: 589.60, Change: +40.52, Percent Change: +7.4
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