Spotify Shocks With Enormous User Growth

By Travis Hoium – Apr 26, 2023 at 3:22PM

NYSE: SPOT

Spotify Technology

Market Cap

$59B

Today's Change

(11.41%) $31.07

Current Price

$303.31

Price as of April 23, 2024, 4:00 p.m. ET

User growth is the first step in long-term revenue growth.

Spotify (SPOT 11.41%) reported incredible user growth in the first quarter, overcoming the pandemic that has hurt so many tech businesses. In this video, Travis Hoium discusses the good and bad of the quarter for Spotify.

*Stock prices used were end-of-day prices of April 25, 2023. The video was published on April 26, 2023.

Travis Hoium has positions in Spotify Technology and Walt Disney. The Motley Fool has positions in and recommends Netflix, Spotify Technology, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.