💡 Spotify has reached new highs: Record-breaking results and user news helped!

📊 Third quarter success
Spotify $SPOT proves once again why it is the market leader in music streaming and podcasts. Last quarter:
Revenue grew by 19 % to €4 billion.
Premium subscribers reached 252 million (+6 million for the quarter).
The total number of active users reached a staggering 640 million (+14 million).
Net profit reached a record €300 million, more than quadrupling compared to the same period last year.
Grossmargin increased to 31,1 % from last year's 26,4 %.

💰A steady path to profitability
Spotify has made major strides:
Cost optimization.8 %, reflecting savings from layoffs earlier in the year.
Strategic pricing: price increases in the U.S. (individual plan to $11.99, family plan to $19.99) boosted revenue growth and brought the company closer to profitability for the full year 2024.
Q4 outlook is optimistic: €4.1 billionrevenue and gross margin forecast 31,8 %.

🎥 Expanding user offer
Spotify doesn't just stop at music. The company is testing new features and expanding content:
Music videosA: The beta has launched in 85 new markets, giving users of the service Premium bringing a new experience to Premium users - a visual world of their favourite artists.
Podcasts with commentary: A new feature allows for better interaction between creators and audiences.
CEO Daniel Ek hinted that we can look forward to an "exciting" announcement soon. So let's see what news they have in store.

🌍 Global growth and regional drivers
Premium subscriber growth has seen success in all regions, with the best performing regions Europe a Latin America. Total number of users Spotify is expected to reach 665 million.

🗣️ CEO Daniel Ek on the future of Spotify:
"We've never been in a stronger position. Thanks to the outstanding performance of our team, we have not only achieved our goals, but exceeded them in many ways. We are now on a steady path to long-term profitability."

🔮Future Outlook. is steadily adding new users and premium subscribers, strengthening its market position. The company is improving margins and reducing costs. It is also adding exciting new features.

👉 What do you think of this company? Do you think Spotify has a chance to surpass Apple Music in the US?


It's interesting how a company like that grew so quickly. Apple Music is probably better, but you can see that Spotify is thriving.

The stock is growing very... I said at $330 it was too high and now at $460. Great!

The stock has been rising incredibly, maybe I'm a little annoyed that I didn't buy at least on some speculation.

The last few weeks the stock has created a new ATH a few times. Honestly, I think Spotify is better than Apple Music. Unfortunately the stock is way overvalued right now, but if the price drops significantly I would buy.

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