Spotify Technology SA
SPOT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| RwV | LOCK|^?nN | LOCK|M$P#v^LM |
Spotify Earnings: Good Results and Outlook, but Stock Rally Relates More to Quelling Fears
Spotify’s third-quarter sales, profits, and subscriber additions were all roughly consistent with the firm's guidance. The fourth-quarter outlook was positive but not earth-shattering. However, the firm is proving it can monetize its new features, reduce costs, and improve advertising sales.
