Spotify cranked up the volume with another strong quarter, packing on 6 million paying subscribers globally in Q3. The audio streaming giant met or exceeded its previous Q3 forecasts on financial and subscriber metrics.

Music streaming giant Spotify grew monthly active users and premium subscribers last quarter, beating forecasts, as the stock rose 9% after the numbers.

Spotify's profit more than quadrupled during the third quarter, the music streaming heavyweight reported on Tuesday

Spotify shares jumped in extended trading on Tuesday after the streaming media giant topped Wall Street’s third-quarter subscriber growth estimates and issued a better-than-expected profit outlook. Monitor these important chart levels.