SPOT Stock Recent News

I upgrade Spotify to a Buy, raising my price target due to strong execution on price hikes and robust user growth. Spotify's expansion into podcasts and video has driven higher engagement, retention, and premium user growth, exceeding my previous expectations. Despite increased royalty and content costs, management has expertly managed margins, supporting a bullish outlook for EPS growth above 70% this year.

Spotify's aggressive expense reductions, including deep layoffs, are driving significant profitability gains while maintaining double-digit subscriber and ad revenue growth. Despite macroeconomic headwinds, Spotify continues to deliver strong user and premium subscriber growth, exceeding expectations and showcasing resilience and market opportunity. Price increases have proven effective, supporting revenue growth without major churn, while diversified content and playlists enhance user retention and platform stickiness.

Spotify Technology leverages AI for user growth. UiPath sees a 14% ARR rise, fueled by intelligent automation and retention gains.

In the closing of the recent trading day, Spotify (SPOT) stood at $663.96, denoting a +1.62% change from the preceding trading day.

Artificial intelligence will encourage more people to create music in the future and is not a threat to the industry, the founder and CEO of streaming giant Spotify said.

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Spotify (SPOT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Spotify says its ability to direct its customers to external payment links in its iOS app has already had a positive impact on sales. In a newly filed amicus brief in support of Epic Games in its ongoing legal battle with Apple over external payments on the App Store, Spotify claims its internal data indicates that its recent update supporting web payments has resulted in “a significant increase in iOS users upgrading to a Premium subscription.

Value investors are often wary about investing in a stock once it has reached a new high, feeling like they are overpaying for a company that might have already priced in most (if not all) of the upside potential that the business may carry. However, choosing to pass on these opportunities creates one of those moments where investors come back a few years later and wish they had bought, even if it represented a premium when the deal was first on the table.

Spotify announced on Monday that Apple has approved a new app update, allowing iPhone users in the U.S. to purchase individual audiobooks directly within the app. Users can also view audiobook prices and easily buy additional listening hours beyond the initial 15 hours.