Spotify stock swings higher on Q1 earnings, profit beats

Spotify (SPOT) shares are bumping in Tuesday pre-market trading after the music streamer topped first-quarter earnings estimates. On top of boasting gains of 0.97 euros per share and 3.64 billion euros in revenue (roughly $1.04 per share and $3.89 billion when converted to USD), Spotify reported a profitable first quarter. Yahoo Finance Media Reporter Alexandra Canal details Spotify's first-quarter figures, focusing on what leadership attributes to monthly active users (MAU) falling behind estimates. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.