Spotify Technology (SPOT) posted second-quarter results before the bell Tuesday that delivered record profit and offered fresh guidance.

The Swedish streaming-audio titan projects third-quarter operating income of 405 million euros ($439.6 million) on revenue of 4 billion euros, with 澳洲幸运5官方开奖结果体彩网:monthly active users (MAUs)👍 climbing to 639 million. That was in line with ana𝓰lysts' revenue projections complied by Visible Alpha.

Spotify reported operating income of 266 million euros, its highest quarterly figure to-date, on revenue of 3.8 billion euros. Spotify posted diluted 澳洲幸运5官方开奖结果体彩网:earnings per share of 1.33 euros, compared to a loss of 1.55 euros a year earlier and well above the analyst consensus of 1.05, per Visible Alpha. 

Spotify shares jumped nearly 🎃12% i𓄧n recent trading Tuesday.

The growth was driven in part by Spotify’s premium sꦉubscriber base, which increased 12% year-over-year to 246 million, ahead of analysts’ expectations of 245.2 million. MAUs rose 14% to 626 million, falling short of the company’s guidance. 

The growth in Premium subscribers comes as the service’s price is increasing this month. In June, the company announced that individual Premium subscriptions 澳洲幸运5官方开奖结果体彩网:will increase to $11.99 per month from $10.99. The Duo plan is rising to $16.99 from $14.99, while the Family plan jumps $3, to $19.99 from $16.99.