Spotify Stock Analysis 🎧🤓 August 2020
Spotify grew its premium user-base 27% in Q2, to 138M subscribers. Overall Monthly Active Users (MAUs), were up 29% to 299M. Revenue increased 13%, to €1.889B. I'm more bullish on Spotify than ever as the company pushes into original podcasting content, signing deals with creators like Joe Rogan, Michelle Obama and Kim Kardashian. My biggest insight from the Q2 conference call was that advertising revenue will grow dramatically with podcasting in the coming quarters. Let me know what you think in the comments below!!
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LINK - Spotify on HyperCharts: https://hypercharts.co/spot
LINK - Spotify Q2 2020 Shareholder Letter: https://hypercharts.co/spot
LINK - Spotify investor relations: https://investors.spotify.com/home/de...
LINK - Spotify hiring head of Audiobooks: https://www.spotifyjobs.com/job/head-...
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Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 08/16/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Mene (MENEF), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock.
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