February, 2021

Spotify shares are powering up into earnings

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Spotify (SPOT)

Spotify shares have gained more than +8% since Monday’s open, exhibiting strength into earnings alongside a general market recovery.

LikeFolio data suggests investors can expect some deceleration in new user growth in 20Q4. 

Spotify quarterly bars user growth

Long-term, Spotify is still one our favorite names for potential growth. Why? Podcasting.

The company is outperforming competition.

And we know advertising revenue could be an enormous growth engine: Advertising revenue grew +9% YoY, +41% QoQ in Q3, but represented less than 10% of total revenue.

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