Spotify (SPOT) stock is turning up the volume Tuesday morning, rising into the green after reporting premium subscribers of 236 million in fourth-quarter 2023. While the streaming platform missed earnings estimates on the top and bottom lines, it forecasted positive operating income in the first quarter of 2024. Yahoo Finance Media Reporter Alexandra Canal explains the figures and Spotify CEO Daniel Ek's comments from the corporate earnings call. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Spotify (SPOT) stock is turning up the volume Tuesday morning, rising into the green after reporting premium subscribers of 236 million in fourth-quarter 2023. While the streaming platform missed earnings estimates on the top and bottom lines, it forecasted positive operating income in the first quarter of 2024.
Yahoo Finance Media Reporter Alexandra Canal explains the figures and Spotify CEO Daniel Ek's comments from the corporate earnings call.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Reuters
The U.S. National Transportation Safety Board will release its preliminary report on the Jan. 5 Boeing 737 MAX 9 door panel blowout on Tuesday, the agency said Tuesday. The Jan. 5 incident has become a full-blown safety and reputational crisis for Boeing that will slow plane production and risks it ceding further market share to rival Airbus. Until now, the independent U.S. National Transportation Safety Board has not said what caused the panel to rip off an Alaska Airlines-operated jet as the plane climbed to 16,000 feet after taking off from Portland, Oregon.
Barrons.com
Alibaba stock and other Chinese shares surged on Tuesday, bouncing back after a brutal selloff in recent days as investors seized on more signs that the government will support the market. Beware: this could be a ‘dead cat bounce.’ Alibaba stock rose 2.6% in U.S. premarket trading on Tuesday, after gaining 3.9% on Monday, while shares in e-commerce peers JD.com 5.2% higher, Temu owner PDD up 3.9%, and Baidu up 3.6%.
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