3 Reasons Long-Term Investors Should Hit Play on Spotify
There's a lot to like about Spotify (NYSE: SPOT), but investors must be patient with the stock.
The streaming company is adding more users than management or Wall Street expects, with first-quarter net additions of 26 million, which was 15 million above guidance. What's more, it has a lot of room to increase the value of each listener on its platform in just a few years. Investors in the company can be rewarded, but they must remain patient. Here are three ways Spotify is set up for long-term success.
Spotify has seen an explosion in ad-supported listeners over the last year, which should eventually translate into paid subscribers.
Source Fool.com
