Spotify forecasts profit above estimates on cost cuts, steady user growth

Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates this week, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that have more than doubled in value this year rose 7 per cent in extended trading. The... read full story

"The company is on track for its full-year profitability, which is a very important milestone that investors have been waiting on for us for a long time,"