Spotify stock jumps 7% on strong Q3 user, revenue growth
Spotify shares surged 7% in premarket trading after reporting Q3 revenue of $4.27 billion, up 7% YoY, led by Premium growth. Monthly active users rose 11% to 713 million, surpassing 700 million for the first time. Retail sentiment on Stocktwits turned extremely bullish, with message volume spiking ahead of the market open.