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Spotify Stock Pops 13% as Cash-Flow Machine Kicks Into Gear

Spotify's margins and cash flow are up big as price increases take hold.

By Travis Hoium – Jul 24, 2024 at 5:00AM EST

Spotify (SPOT +1.36%) reported second-quarter 2024 financial results before the market opened on Tuesday and results were well ahead of expectations. Cost cuts made over the past 18 months are taking hold and revenue is growing as price increases kick in, which Travis Hoium highlights in this video.

*Stock prices used were end-of-day prices of July 23, 2024. The video was published on July 23, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Spotify Technology. 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.

Stocks Mentioned

Spotify Technology Stock Quote
Spotify Technology
NYSE: SPOT
$425.25
(+1.36%)+$5.72

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

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