![]() However, the fact that the company is relatively cheap does not always transform into the growth of its shares. Spotify's valuation starts to look attractive at the current level. I think it’s time to look at the company’s shares more closely. The podcast segment is assumed to have more margin than the traditional music streaming business. The main investors’ concern is the company's attempts to increase margins have not yet been successful. After publishing the 3Q results, the company’s shares were sold off and hit the lows. Spotify (SPOT) has provided a controversial quarterly report: an impressive addition of new users came along with declining margins. ![]() Nevertheless, at the moment the company’s shares look undervalued, so in the long term I have a bullish view on the company’s shares. The forecast of the 4Q margin disappointed investors.Īs a result of reporting, I do not expect a significant growth of Spotify's shares until the next reporting period. The growth of advertising revenue was despite the weakness of the advertising market. Spotify has provided controversial quarterly results: an impressive addition of new users came along with a margin decline.
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