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Spotify stock pops on guidance at first investor day since 2022
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- Spotify shares jumped 6% after the music streaming platform laid out updated guidance for 2030 at its first investor day since 2022.
- The company forecasted revenue at a compounded annual growth rate in the mid-teens and gross margins between 35% and 40%.
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Spotify shares jumped 6% after the music streaming platform laid out updated guidance for 2030 at its first investor day since 2022.
The company forecasted revenue at a compounded annual growth rate in the mid-teens and gross margins between 35% and 40%. Spotify referred to plans to reach 1 billion subscribers and $100 billion in revenues as its "north star."
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