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.
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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