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flag Spotify beats earnings forecasts with strong user growth and higher prices, boosting shares despite past year's decline.

flag Spotify reported first-quarter earnings expectations above Wall Street forecasts, with operating income of 660 million euros and revenue of 4.5 billion euros, driven by strong user growth and price hikes. flag The company forecast 759 million monthly active users and 293 million premium subscribers, slightly exceeding estimates, though premium subscriber growth fell short. flag Shares rose nearly 12% in premarket trading despite a 35% drop in the past year. flag The company raised U.S. subscription prices to $12.99 and expanded into books and video content, while gross margins improved to 33.1%.

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