Should You Buy the Dip in Spotify Stock?

By Parkev Tatevosian, CFA – Jul 30, 2023 at 5:45AM

NYSE: SPOT

Spotify Technology

Market Cap

$56B

Today's Change

(0.20%) $0.57

Current Price

$289.59

Price as of April 26, 2024, 4:00 p.m. ET

Spotify continues subscriber growth, but profitability is not expanding as quickly.

Fool.com contributor Parkev Tatevosian reviews Spotify's (SPOT 0.20%) latest earnings results to answer if the stock is a buy for long-term investors.

*Stock prices used were the afternoon prices of July 27, 2023. The video was published on July 28, 2023.

Parkev Tatevosian, CFA 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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.