Spotify, a company that lets you listen to music and podcasts, reported that it made more money in the last 3 months than people thought it would. They also got more people to pay for their premium service and more people are using their free service. This made their profit per user go up. Their total users grew by 14% and their premium users (the ones who pay) grew by 7%. Their costs went down, which made their profit go up. The company is now worth more than people thought because of this good news. Read from source...

Spotify's Q2 Earnings: Revenue Grows 20% As Premium Revenue Surge Drives Higher Average Revenue Per User

Neutral
Reasoning: The article reports Q2 earnings of Spotify, a music streaming platform. The company's revenue grew by 20% Y/Y, but missed the analyst consensus estimate. EPS beat the analyst consensus estimate. The premium revenue increased by 21% Y/Y, and the total MAUs rose by 14% Y/Y. The gross margin improved, and the ad-supported gross margin was up by 1,907 bps Y/Y. The article also mentions the company's outlook for the third quarter. The price action of the stock is positive, trading higher by 13.10% at $335 premarket. The article is neutral in sentiment as it provides both positive and negative aspects of the company's performance.