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Spotify Technology S.A. is a global leader in audio streaming services, offering a wide range of music and podcasts to its users. It operates on a dual-model basis: a Premium service for subscribers who prefer ad-free listening and unlimited access, and an Ad-Supported service that provides free access with ads. Founded in 2006 and headquartered in Luxembourg City, Luxembourg, Spotify has revolutionized the way people access and enjoy music and podcasts, making it easier than ever to discover new content.
Spotify is up 6.85% intraday and knocking on $500 for the first time this session, a move that puts the streaming leader within a couple of dollars of a fresh milestone. Keep an eye on whether it holds that level into the close.
Spotify reports at 6:00 AM ET, hours before the US open, so the reaction is set before you can trade it. The question after the latest price increases is whether subscriber growth held up while margins expanded.
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