Streaming giant Spotify (SPOT) has earnings in the queue. Rick Ducat creates his technical analysis playlist featuring artists such as resistance & support levels to watch, moving average studies and downward trend channels.
SPOT heads into Q4 earnings with $2.95 EPS expected on 14% revenue growth, but a weak surprise history and rich valuation temper enthusiasm.
While Spotify users face yet another price hike, book lovers have some exciting developments to look forward to that could help cushion the blow.
Spotify said on Thursday it will begin selling physical books on its streaming platform through a partnership with online retailer Bookshop.org, marking an unexpected expansion beyond its audiobooks business.
The streaming service is joining with Bookshop.org to appeal to readers who read in multiple formats.
Spotify (SPOT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Spotify Technology (SPOT) is rated 'Buy' for its long-term compounding potential despite a recent 25% stock decline. Per my model, SPOT's valuation assumes sustained 14% annual revenue growth and incremental free cash flow margin expansion, both challenging but feasible. Key levers include premium price hikes, improved ad monetization, and incremental gross margin gains from vertical integration and marketplace strategy.
Spotify (SPOT) closed at $513.21 in the latest trading session, marking a +2.92% move from the prior day.
Spotify on Thursday rolled out "prompted playlist", an artificial intelligence-powered feature in the United States and Canada that allows premium users tailor playlists using their listening habits and commands.
In the middle of January, Spotify Technology NYSE: SPOT made a decisive move in the U.S. streaming market. The company announced it will raise the price of its Individual Premium plan from $11.99 to $12.99 per month.
Spotify is raising the costs of its subscription plans in the U.S. starting next month, making it the latest streaming service to hike prices.