6 Reasons to Buy Spotify's Stock After Its Q3 Earnings Miss
Spotify's (NYSE: SPOT) stock recently tumbled after the streaming music company's third-quarter numbers missed analysts' expectations. Its revenue rose 14% year-over-year to 1.98 billion euros ($2.3 billion), but missed estimates by 20 million euros.
It reported an operating loss of 40 million euros ($47 million), compared to an operating profit of 54 million euros a year ago. On the bottom line, it posted a net loss of 0.58 euros per share, which missed estimates by 0.03 euros. Those headline numbers were disappointing, but Spotify remains a solid investment for six simple reasons.
Image source: Getty Images.
Source Fool.com
