Spotify has been trying to boost its margins in recent months by lowering marketing spending and through layoffs, after relying on promotions and hefty investments to drive user growth.
Spotify (SPOT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Spotify (SPOT) closed at $307.52 in the latest trading session, marking a -0.89% move from the prior day.