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The Motley Fool fool.com 02 Aug, 2022 10:45 am

This Growth Stock Just Crushed Earnings. Is It Time to Buy Now?

This Growth Stock Just Crushed Earnings. Is It Time to Buy Now?
Why the market loves Spotify's most recent quarter.

On the growth front, the market wants to see key metrics increasing, such as revenue, paid subscribers, and monthly active users.1% 19% Paid subscribers 188 million 187 million 0.Moreover, total paid subscribers rose to 188 million -- one million more than the company had forecast.The company expects accelerating growth in MAUs and paid subscribers in the third quarter.

Metric Q2 Actual Q2 Estimate % Above Estimate Year-Over-Year Change Monthly active users (MAUs) 433 million 428 million 1.Monthly active users (MAUs) soared to 433 million, well above expectations of 428 million.

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