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Spotify Stock Dips as Investments in Growth Persist

The company is expanding its offering to listeners, which is coming at a cost to its bottom line.

By Parkev Tatevosian, CFA – Nov 1, 2022 at 11:30AM EST

Investors were dissatisfied with Spotify's (SPOT 0.43%) most recent quarterly report. The company highlighted rising expenses as it maintains growth investments. Thankfully, those investments are attracting new subscribers. This video will highlight some key figures from Spotify's Q3 results.

Stock prices used were the afternoon prices of Oct. 30, 2022. The video was published on Nov. 1, 2022.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Spotify Technology Stock Quote
Spotify Technology
NYSE: SPOT
$430.90
(-0.43%)-$1.85

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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