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Spotify Keeps Beating Expectations. Is It Time to Buy?

Spotify Keeps Beating Expectations. Is It Time to Buy?

Shares of Spotify (NYSE: SPOT) recently ran up to a 52-week high thanks to another well-received earnings report. In January, Spotify told investors to expect around 11 million new monthly active users during the first three months of 2023. Instead, the music streaming service added a whopping 26 million monthly active users.