In today's video I look at fundamentals, financial metrics, and recent news for Zoom (ZM +2.06%) and Spotify (SPOT +3.91%). Below I share a few highlights from the video.
- On July 13, 2021, Zoom was the No. 1 download application on Apple (AAPL +0.11%) iOS and Alphabet's (GOOGL 0.57%) (GOOG 0.15%) Google Play under the business category. Spotify was No. 1 for both mobile operating systems under the music category.
- During the second quarter, Spotify increased prices on some of its subscriptions across the U.S., U.K., and Europe. At the end of its first quarter, Spotify reported 158 million subscribers representing a 21% year-over-year growth.
- Zoom and Spotify have strong fundamentals when you look at the trailing 12 months. Both companies reported positive cash flow from operations and positive net cash and short-term investments compared to debt.
*Stock prices used were the midday prices of July 13, 2021. The video was published on July 13, 2021.
