Spotify spikes 19% as surging podcast interest drives surprise quarterly profit (SPOT)

Reuters Spotify stock surged as much as 19% on Monday after the streaming company posted an unexpected third-quarter profit. The third-quarter operating profit was only the company's second in history, and was driven by better-than-expected user growth and surging podcast interest. The company also beat estimates for quarterly revenue and earnings per share. Spotify announced CFO Barry McCarthy will retire in January and be replaced by head of financial planning and analysis Paul Vogel. Watch Sp...