3 Questions for Spotify Heading into Third-Quarter Earnings
The shares of audio streaming king Spotify (NYSE: SPOT) have more than doubled from their March low, and are up 145% since then as of this writing. That's great for shareholders, but what matters now is where the business -- and the stock -- will be in the future.
On Thursday morning, Spotify will release its third-quarter results, which will shed some light on three of the key factors that should drive the company's performance and its stock price going forward.
Spotify is the rare company that has thus far looked mostly immune to the COVID-19 recession. Just look at its Premium subscriber growth this year versus last year. Premium subscribers grew 27% in the first half of 2020 and 29% during 2019. The same is true of total monthly active users, which are up 29% in this year's first half after growing roughly 30% in each of the last three full years, respectively. So far, a COVID-19-related slowdown hasn't been detectable.
Source Fool.com
