Spotify Technology S.A. is a leading digital music streaming service that allows users to access a vast library of songs, podcasts, and other audio content from around the world
The platform offers personalized playlists, curated music recommendations, and the ability to create and share user-generated playlists, all contributing to an engaging audio experience. With both free and premium subscription tiers, Spotify aims to make music accessible to a wide audience while also supporting artists through various monetization models. As a pioneer in the streaming industry, Spotify continually innovates its offerings to enhance user experience and expand its global reach.
Federal appeals court skeptical of Alphabet's efforts to overturn jury verdict in favor of Fortnite-maker Epic Games. Elon Musk's lawsuit against OpenAI to advance to trial, regarding their transition to a for-profit model. Earnings results from Spotify, Take-Two, and Palantir beat estimates. Apple faces criticism for limited watch faces and rumored product releases in March.
ValueAct added stakes in Meta, Visa, and Live Nation while exiting Spotify. Since Nov. 14, Meta, Visa, and Live Nation gained, but Spotify jumped 29.40% despite the exit.
Wall Street analysts are bullish on Spotify due to strong subscriber growth, rising margins, and impressive financial results. Price targets have been raised after upbeat quarterly print.
Spotify expects its business to be well-positioned to deliver another year of continued growth and improving margins as it reinvests to support its long-term potential.
Stocks are higher today as the market brushes off tariff jitters, though the 10- and 30-year Treasury yields are rising on inflationary concerns amid the trade war.
Spotify turned a profit for its fiscal fourth quarter on Tuesday. Nancy Tengler dubs SPOT a recession-proof stock for 2025. Spotify stock is now up some 30% versus the start of this year.
Stock futures declined as China imposed retaliatory tariffs and investigated Google for antitrust violations. Palantir soared 19% after strong earnings, while Tesla and Clorox faced declines.
Spotify reported strong quarterly earnings. Analysts predict a positive market reaction with solid user and subscriber growth and rising profitability trends.
