Spotify’s Strong Earnings Boost Stock While Arrest Leads To Frenzied Week for K-Pop Shares ...Middle East

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Spotify’s Strong Earnings Boost Stock While Arrest Leads To Frenzied Week for K-Pop Shares
Spotify’s third-quarter earnings results helped give investors confidence about the company’s path and sent its shares up 10.3% to $170.63 on Tuesday before closing at $159.35 on Friday — up 6.3% for the week. Not only did the streaming giant turn an operating profit of 32 million euros ($34.8 million) — compared to a $247 million euro ($269 million) operating loss a year earlier — it added 6 million subscribers in the same quarter a price increase went into effect.  That third-quarter growth will help the NYSE-listed, Swedish company exceed its expectations for subscriber gains this year. “We walked into 2023 thin

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