12:14 PM EST, 02/04/2025 (MT Newswires) -- (Updates with recent stock move in the headline and first paragraph.)

Spotify Technology ( SPOT ) shares were over 9% higher Tuesday after the company reported Q4 diluted earnings of 1.76 euros ($1.82) per share, swinging from a loss of 0.36 euros a year earlier.

Analysts polled by FactSet expected earnings of 1.99 euros per share.

Revenue for the quarter ended Dec. 31 was 4.24 billion euros, up from 3.67 billion euros a year earlier.

Analysts surveyed by FactSet expected 4.15 billion euros.

Spotify ( SPOT ) said it had 675 million total monthly active users in Q4, up 12% year over year.

The company said it expects Q1 revenue of 4.2 billion euros. Analysts polled by FactSet expect 4.17 billion euros.

Price: 599.96, Change: +50.88, Percent Change: +9.27