Spotify shares pop nearly 12% Tuesday for the stock's best day since January 2022.
New Constructs CEO David Trainer joins Yahoo Finance Live to discuss Spotify earnings, job cuts, subscriber growth, rising subscription prices, competition among streaming platforms, and the outlook for Peloton.
Shares of Spotify (NYSE: SPOT) popped on Tuesday after the audio platform delivered strong subscriber-growth metrics. As of 2:35 p.m. ET, Spotify's stock price was up more than 11%. Spotify added a record 33 million monthly active users (MAUs) in the fourth quarter.