06:44 AM EDT, 07/23/2024 (MT Newswires) -- Spotify Technology ( SPOT ) reported Q2 diluted earnings Tuesday of 1.33 euro ($1.44) per share, swinging from a loss of 1.55 euro a year earlier.

Analysts polled by Capital IQ expected earnings of 1.05 euro per share.

Revenue for the quarter ended June 30 was 3.81 billion euro, up from 3.18 billion a year earlier.

That matched the average estimate of analysts surveyed by Capital IQ.

Spotify ( SPOT ) said it had 626 million total monthly active users in Q2, up 14% year-over-year.

The company said it expects Q3 revenue of 4 billion euro. Analysts polled by Capital IQ expect 4.01 billion euro.

Shares of the company were up 13% in recent Tuesday premarket activity.

Price: 335.00, Change: +39.55, Percent Change: +13.39