Did You Hear This Announcement During Spotify's Earnings Call?
Spotify Technology (NYSE: SPOT) had a lot of good news to share with investors when it reported its third-quarter results. Investors were pleased that its listener count and revenue growth exceeded expectations. But what caught my attention most is an announcement from CEO Daniel Ek during the company's earnings call with analysts.
"We recently became the No. 1 podcast platform U.S. listeners use the most," he told analysts. That statement is backed by data from Edison Research and Spotify's internal team. And it's a major milestone for the company that investors should recognize.
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Source Fool.com
