Spotify's Latest Quarter Shows Why Now Is the Time to Buy the Audio Giant
Spotify Technology (NYSE: SPOT) has rapidly grown its ambitions over the last few years. The company, which was originally just a music streaming service, is now trying to become the global leader in all audio streaming. With its third-quarter results released just a few weeks ago, Spotify has shown a lot of progress with these ambitions, but according to management, it is just getting started. Users continue to grow around the world, advertising revenue is rising due to the popularity of podcasts, and management just announced an acquisition to get a toe-hold into the audiobook market.
With the stock down 15% this year, now may be the perfect time to buy Spotify stock.
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Source Fool.com
