10 Stocks Jump on Impressive Earnings, Bullish Outlooks

2. Spotify Technology SA (NYSE:SPOT)

Shares of audio streaming giant Spotify Technology soared by 13.24 percent on Tuesday to finish at $621.77 apiece as investors cheered the company’s swing to profitability last year.

In a statement on its website, Spotify said it achieved a 16-percent increase in revenues at €4.2 billion while operating income settled at €477 million.

Monthly active users also increased by 12 percent year-on-year to 675 million, while its total subscribers jumped 11 percent to 263 million.

Given the promising earnings performance, Spotify said it was confident about its business outlook for 2025.

“I am very excited about 2025 and feel really good about where we are as both a product and as a business,” said Spotify CEO Daniel Ek. “We will continue to place bets that will drive long-term impact, increasing our speed while maintaining the levels of efficiency we achieved last year. It’s this combination that will enable us to build the best and most valuable user experience, grow sustainably, and deliver creativity to the world.”