{
  "id": 16063902,
  "title": "Spotify Rallies on Subscribers; Hermès falls on China Sales | Stock Movers",
  "url": "https://urgent.news/2026/10/22/spotify-rallies-on-subscribers-hermes-falls-on-china-sales-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T14:54:37.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/videos/2026-10-22/spotify-up-on-subscribers-hermes-falls-on-china-sales-video"
  },
  "original_language": "en",
  "account": "Shares of Procter & Gamble (PG) surged ahead of the US market opening as the company's sales and profits exceeded Wall Street's expectations. The company's organic revenue grew by 4% in the first quarter, marking the fastest increase in three years.\n\nSpotify (SPOT) witnessed a rally in its shares after delivering results and forecasts that highlighted enhancing margin trends. The music streaming service reported a 2% increase in paying subscribers, reaching 306 million in the third quarter, surpassing Wall Street's estimates of 305.1 million.\n\nHermès (RMS FP), on the other hand, reported disheartening sales in the third quarter due to weak demand in China. The luxury goods brand's sales have slumped by 41% so far this year, placing them on track for the worst annual performance since the company's listing in 1993.\n\nShares of Lam Research (LRCX) experienced a drop in premarket trading after the semiconductor capital equipment company issued a forecast for adjusted second-quarter earnings that was slightly weaker than anticipated.",
  "summary": "- Shares of Procter & Gamble (PG) moved higher ahead of the US market open after the company's sales and profits beat Wall Street expectations. Organic revenue rose 4% in the first quarter, the fastest growth in three years. - Shares of Spotify (SPOT) rallied after results and forecast spoke to improving margin trends. Spotify reported that the service’s paying subscribers increased 2% to hit 306…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}