Spotify Technology (SPOT) shares skyrocketed in intraday trading Tuesday after the streaming audio provider posted a quarterly profit and strong sales on a big jump in th🔥e number of users.

The company reported first-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 0.97 euro ($1.04), well above estimates, after registering a loss of EUR1.16 ($1.24) a year ago. Revenue increased 19.5% to EUR3.64 billion ($3.89 billion), also more than expected.

Total 澳洲幸运5开奖号码历史查询:Monthly Active Users (MAUs) were up 19.4% to 615 million, with ad-supported MAUs climbing 22.4% to 388 million. The number of premium subscribers came in at 239 million, a 13.8% gaওin. Higher prices ꧋helped lift average revenue per user for its premium service 5% to EUR4.55 ($4.87).

The company anticipates current-quarter MAUs and premium subscr🌺ibers will rise to 631 million and 2𝓰45 million, respectively. It sees revenue of EUR3.8 billion ($4.07), slightly above analysts’ expectations.

Shares of Spotify Technology soared 16.6% to $317.41 as of 1 p.m. ET Tuesday, a level not seen in more than three years.