Is spotify stock down2/16/2023 ![]() ![]() Margin expansion is key for making the Spotify story appealing to investors. The Google deal to allow in-app billing will limit friction in converting ad-supported subscribers to premiums subscribers, the analyst said. Spotify is on track to report solid key performance indicators in the first quarter, UBS (NYSE: UBS) analyst Batya Levi said in a recent note. Investors, as usual, will remain laser focused on how premium subscriber count shapes up, especially due to the Swedish company’s decision to stop services in Ukraine. The next key catalyst will likely be Spotify’s first-quarter earnings release, scheduled for April 27. The new update increases the number of people you can Blend with to up to 10 and also allows Blending with the users’ favorite artists.Īnalysts see the move as a positive for Spotify, both from the perspective of margins and subscriber growth due to the seamless onboarding that accompanies the direct payment to Spotify. ![]() Last week, the audio streaming service announced an update to its Blend feature, which is a shared playlist born out of the drive to make listening more personalized and collaborative. Spotify has always been nimble in adding features and services aimed at improving user engagement and experience. The near- to medium-term trajectory hinges on several extraneous developments, including macroeconomic fundamentals and geopolitical tensions that have the potential to affect the company’s fundamental performance. The stock has been adequately punished for its weak first-quarter premium subscriber guidance issued in early February and the Joe Rogan controversy.Īs the market rebounds and amid positive company-specific developments, it could be time to shed that bearish bias on the SPOT stock in anticipation of a mini-run ahead of earnings. Spotify (NYSE: SPOT) stock is down about 34% in the year-to-date period, grossly underperforming the Nasdaq 100 which has lost a more modest 8.9%.
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