Spotify's Q3 earnings showed mixed results: user additions exceeded expectations, but revenue missed forecasts, raising concerns about valuation and future growth. Key risks include lumpy user trends, potential churn from price increases, and high content costs, making the stock's recent rally vulnerable. Despite strong Premium adds and improved gross margins, slowing MAU growth and deceleratin...
Spotify stock hit a high note Wednesday after the music streamer rocked Wall Street with better-than-expected subscriber growth in the third quarter. The post Spotify Stock Soars As Analysts Crank Up Volume Of Bullish Ratings appeared first on Investor's Business Daily.
Music streaming giant Spotify Technology SA (NYSE:SPOT) has delivered its second profitable quarter in a row by earning a record €454 million in opening profit in the three months ending 30 September. It marks a considerable improvement from the €32 million earned in last year's third quarter and a continuation of the highly profitable previous quarter.
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