After a year with of layoffs and activist attention that triggered many changes, Spotify Technology S.A. (NYSE: SPOT) managed to surpass both top and bottom estimates. Moreover, the streaming giant reported record first quarter earnings as the result of efficient cost-cutting initiatives that also brought significant margin improvements. First Quarter Financials Shows That A Shift In Focus Paid Off For the quarter ended in March, Spotify reported revenue rise 20% YoY to 3.64 billion euros, surpa