Is Spotify (SPOT) Stock Worth Buying After Mixed Q2 Show?
SPOTSpotify(SPOT) ZACKS·2024-08-01 02:21

Spotify Technology S.A. (SPOT) reported its second-quarter 2024 results last week, but the stock hasn’t moved much since then. However, it's worth noting that the stock has already gained an impressive 75.1% year to date, significantly outperforming the industry’s 16.4% rally.The quarterly results were mixed, with earnings beating while revenues missing estimates. Nonetheless, both top and bottom-line growth rates were robust. Total revenues saw a 20% year-over-year increase, driven by a 21% rise in premium ...