Its shares that have more than doubled in value this year rose 7 percent in extended trading.
The Swedish company has laid off employees, pulled back podcasts and cut its marketing spend over the past year to boost profitability. It has also raised prices of its plans in the US to capitalize on demand for its premium products.

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.

Continue

OR

See our subscription options.

Already have an account? Log in here