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Spotify Stock Surges Again. What's Behind the Rally?

Spotify is firing on all cylinders and may be nearing a growth inflection point.

By Travis Hoium – Nov 13, 2024 at 11:25AM EST

Spotify's (SPOT +0.84%) earnings were strong once again, as the company's focus on profits and cash flow paid off. But it was the level of margin expansion that shocked investors. In this video, Travis Hoium shows where the company is winning and where there's still opportunities ahead.

*Stock prices used were end-of-day prices of Nov. 12, 2024. The video was published on Nov. 12, 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
$535.91
(+0.84%)+$4.46

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

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