Here’s Why Its Stock Is Falling. Streaming music leader Spotify reported weaker-than-expected fourth quarter earnings on Wednesday morning. While subscriber growth beat expectations, the company also projected a slowdown in premium subscriber growth in 2020. The market reaction was mixed–shares initially rose in pre-market trading before slumping.
Why does Spotify lose so much money?
Apr 28, 2021 · Why Spotify Stock Dropped Today By Joe Tenebruso - Apr 28, 2021 at 8:27PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Is Spotify stock a good investment?
Apr 03, 2022 · Spotify Technology saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 4,910,000 shares, a drop of 22.6% from the February 28th total of 6,340,000 shares. Based on an average trading volume of 2,270,000 shares, the short-interest ratio is presently 2.2 days.
Why Spotify stock price dropped?
May 20, 2021 · Spotify stock (SPOT) was worth $228.68 per share when the market closed today – an increase of 3.79 percent ($8.35) on the day. However, the Stockholm-based audio-entertainment platform, which ...
How much has Spotify lost?
Feb 03, 2022 · Spotify SPOT, +4.78% guided for 1 million fewer net subscriber additions in the first quarter of 2022 than analysts expected, and did not provide an …
Why is Spotify stock dropping?
Since November, SPOT has been dropping precipitously, with broader economic concerns and anticipated rate hikes by the Federal Reserve dragging Spotify into the red. As 2022 kicked off, the tech-heavy Nasdaq found itself in correction territory as investors shifted out of more tech-heavy and profit-challenged entities.Feb 8, 2022
Is Spotify stock a good buy now?
Spotify stays as a Buy. The market currently values SPOT at a very modest consensus forward next twelve months' Enterprise Value-to-Revenue multiple of 2.3 times based on financial estimates obtained from S&P Capital IQ.Feb 14, 2022
Has Spotify lost stock value?
Spotify loses $4 billion in market value after Neil Young controversy.Feb 1, 2022
Will Spotify stocks go up?
Spotify's stock looks cheap, but it could get cheaper Spotify grew its revenue 23% in 2021, and analysts expect 20% growth in 2022. Based on that forecast and its current price of $160 per share, Spotify trades at just 2.3 times its 2022 revenue.Feb 7, 2022
Is Spotify a Buy Sell or Hold?
Spotify Technology has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 13 buy ratings, 8 hold ratings, and 3 sell ratings.
How much is Spotify's revenue in 2021?
Spotify Technology issued an update on its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $10.99 billion-$11.47 billion, compared to the consensus revenue estimate of $11.32 billion.
How much money does Spotify make?
How much money does Spotify Technology make? Spotify Technology has a market capitalization of $43.13 billion and generates $9.00 billion in revenue each year . The company earns $-663,680,000.00 in net income (profit) each year or ($3.54) on an earnings per share basis.
What does "hold" mean in stocks?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPOT, but not buy additional shares or sell existing shares. View analyst ratings for Spotify Technology or view top-rated stocks.
Is Marketbeat better than Spotify?
What stocks does MarketBeat like better than Spotify Technology? Wall Street analysts have given Spotify Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains.
When will Spotify stock drop?
Predictably, multiple financial professionals and investors are speculating as to the precise source of the Spotify stock downturn, which has caused shares to dip to a level not seen since June of 2020.
How much is Spotify stock worth in 2021?
Spotify stock (SPOT) was worth $228.68 per share when the market closed today – an increase of 3.79 percent ($8.35) on the day.
How much did Spotify pay for JRE?
As an aside, Spotify reportedly paid $100 million for the rights to JRE and also hosts (undoubtedly expensive) podcasts from Michelle Obama as well as Barack Obama and Bruce Springsteen, to name some.
How many paid users does Spotify have in 2021?
Lastly, Spotify, after achieving material subscriber growth during 2020, noted in its Q1 2021 performance analysis that it had added just three million paid users – even after debuting in South Korea (population 52 million) without a free tier and expanding into a multitude of other nations yet.
Is SPOT worth it in 2020?
Plus, the figure remained flat from Q4 2020. Expanding upon the idea, SPOT, in spite of turning in noteworthy losses thus far in 2021, is still worth a full $36 or so more than it was on May 21st, 2020.
Creators and listeners Come First
- It's important to understand how Spotify plans to grow its business long term. There are really two sides of the market the company is building right now: creators and listeners. In both areas, we're seeing signs of growth. I'll focus primarily on the podcast business below because I see it as the biggest growth opportunity, and the one Spotify is ...
The Platform of Choice
- Spotify is betting on a more open and flexible podcast platform than that of a company like Apple (NASDAQ: AAPL)because it is betting it can win on the merits. In other words, Spotify thinks creators will want to host podcasts on its platform because they can find more listeners there and monetize better than on any other platform. Here are the steps to look for in the strategy: 1. Ope…
Advertising Is The Key to Unlocking Spotify's Growth
- The long-term thesis for Spotify is that it will create a marketplace of creators and listeners that will be extremely attractive to advertisers, who will ultimately finance the podcast creator economy. Think of it like the strategy Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL)Google used when growing search. Google wasn't the only search engine out 10-15 years ago, but it bet …
Optionality For Future Growth
- If Spotify succeeds at bringing in the best podcast creators in the world, it has a lot of options for how to grow the medium. Anchor is adding tools like text-to-audio in a partnership with WordPress. Video podcasts continue to grow, and creators are just starting to learn how to use that medium. Those are just two of the growth opportunities that Spotify can leverage as it build…