Spotify is a music and podcast streaming service. They had a good quarter, making more money than expected and more people are using their service. A big bank called JP Morgan thinks Spotify is doing a good job and will keep doing well in the future. The bank also thinks Spotify will make a lot of money after paying for everything it needs to run its business. Read from source...
- inconsistencies:
- the article headline and the key points don't match
- the key points mention free cash flow but not margins
- the article says Q2 revenue growth was 20% but also
summary
The stock is a buy based on strong margin improvements, record free cash flow, and strong subscriber growth. The risks include increased competition, regulatory risks, and the impact of the U.S. price increase.