07:14 AM EDT, 04/23/2024 (MT Newswires) -- Spotify Technology ( SPOT ) reported Q1 earnings Tuesday of 0.97 euros ($1.03) per diluted share, swinging from a loss of 1.16 euros per share a year earlier.

Analysts polled by Capital IQ expected earnings of 0.62 euros.

Revenue for the quarter ended March 31 was 3.64 billion euros, up from 3.04 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 3.60 billion euros.

For Q2, the company said it expects revenue of 3.8 billion euros. Analysts polled by Capital IQ expect 3.75 billion euros.

The company's shares were up more than 6% in recent premarket activity.