Andy Swan with @LikeFolio says he's astounded with Spotify's (SPOT) monstrous growth in the digital entertainment space. According to him, the company's recent adjustments thrust it into the "stratosphere" with its biggest competitors like Alphabet's (GOOGL) YouTube.
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 is enhancing the audiobook experience for premium users through three new experiments: video clips, author pages, and the ability to add visuals that appear while users listen. These initiatives are part of Spotify's effort to improve its audiobook offering and bring listeners closer to their favorite authors and stories.
Spotify stock just set a fresh record high, and it's starting to look a little pricey.
Why Is Spotify Stock Soaring, and Is It Still a Buy?
Most investors would be wary of attempting to buy a stock near its highs, and much less after a recent run to the upside, thinking that they can get the proverbial rug pulled from under them. However, sometimes the fundamental picture provides enough evidence and justification to let investors buy into a rally without worrying about a top and turn.
Able to appease investor sentiment toward its compelling growth narrative, Spotify Technology (SPOT) shares have rallied more than +15% since reporting Q3 results on Tuesday.
Spotify is going after YouTube's video podcast dominance with a new revenue program for creators. It will soon share revenue with creators based on how much their videos are viewed.
Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube's dominance in the video podcast space. Although creators can already monetize their podcasts on the platform, they are now being incentivized to publish a video component alongside their podcasts.
Spotify Technology (SPOT) reported better-than-expected third quarter earnings and issued an upbeat outlook, sending the music platform's shares higher. However, New Constructs CEO David Trainer cautions that Spotify's stock surge proves the company's valuation is overextended.
Audio streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads.
For Spotify founder and CEO Daniel Ek, the company's third-quarter results reflect the momentum it's built over the past year and the realization of long-term strategic goals.