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Battle of the 2 Streaming Stocks: Netflix vs. SpotifyYo-yo markets close down againMarkets inch up in mixed tradingOver 70% of teens use this service, more twice as much as #2.
Shares plunged 14% after their quarter yesterday, but was up 107% YTD before that report. Puzzling. Climbing subscribers number haven't translated into revenue: more monthly active users, premium subscribers and ad-supported users. 14% revenue growth cs. 27% rise in monthly users. They're struggling to monetize users. Revenue per users are declining. That's why they raised prices last week for the first time. Also, expenses were much higher than expected while free cash flow of 9 million Euros was much lower than the street's 72 million. They're spending like drunken sailors. They missed numbers while expectations were too high. However, they gave excellent guidance for the current quarter. Analysts actually raised price targets. Overall, these are fixable problems, turning users into earnings namely and he likes the stock. Until they do around, there are better stocks to buy like Netflix.
It's in line with the FANGs. Had a wonderful run and is considered the future of music consumption. If there's a weak market, though, this faces huge downside risk. Be cautious.
A newly public company. He sees no visibility to earnings or cash flow here. Streaming is a big opportunity though, and he likes Apple music, which he'd rather buy--Apple has positive earnings and stability. Spotify isn't stable, at least not yet.
This whole space is very interesting. The content providers besides the supper big stars are not making a ton of money on these platforms. Longer term he thinks a cooperative model is ripe.
Spotify Technology is a American stock, trading under the symbol SPOT-N on the New York Stock Exchange (SPOT). It is usually referred to as NYSE:SPOT or SPOT-N
In the last year, 1 stock analyst published opinions about SPOT-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Spotify Technology.
Spotify Technology was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Spotify Technology.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Spotify Technology In the last year. It is a trending stock that is worth watching.
On 2023-12-08, Spotify Technology (SPOT-N) stock closed at a price of $198.05.