Spotify Stock: Buy the Dip to Early-October Levels?

TheStreet2021-11-29

Spotify stock lost plenty of steam in November, following a post-Q3 earnings spike. Some may see the move as bearish, while others could find it an opportunity to buy SPOT cheaper. In late October, ...

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精彩评论

SPOT_ON
2021-11-30
SPOT_ON
Like n follow
- SPOT_ON:
  ❤ 😍 💖 ❣ 💕 💘 ❤
nicothegr23
2021-11-30
nicothegr23
👍👍👍
lololol13
2021-11-29
lololol13
A good time to buy the dip
LaiSB
2021-11-29
LaiSB
Yeah
Spaclover
2021-11-29
Spaclover
T
- Spaclover:
  T
KinKin
2021-11-29
KinKin
Hi
- Pplymm:
  Like
- AliPharma:
  like

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Some may see the move as bearish, while others could find it an opportunity to buy SPOT cheaper.\nIn late October, ...</p>\n\n<a href=\"https://www.thestreet.com/streaming/spot/buy-spotify-stock-at-pre-q3-earnings-levels\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPOT","symbol_name":"Spotify Technology S.A.","start_time":0,"source_url":"https://www.thestreet.com/streaming/spot/buy-spotify-stock-at-pre-q3-earnings-levels","article_id":"1180693909","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180693909","pubTimestamp":1638198357,"sourceInfo":null,"weMediaInfo":null,"summary":"Spotify stock lost plenty of steam in November, following a post-Q3 earnings spike. Some may see the","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPOT":"Spotify Technology S.A."},"translate_title":"Spotify股票：买入10月初的低点？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPOT":0.9},"content_text":"Spotify stock lost plenty of steam in November, following a post-Q3 earnings spike. Some may see the move as bearish, while others could find it an opportunity to buy SPOT cheaper.\nIn late October, Spotify announced third quarter results. The numbers excited investors and sent Spotify stock up nearly 15% quickly. The key metric supporting bullishness was the large increase in the platform's MAUs (monthly active users) over the previous year, followed by an almost 30% YoY growth in revenue.\nHowever, almost a month after the earnings announcement, shares have dipped 10% and returned to the same levels of early October. 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Therefore, one should not only consider growth in the music streaming space when calculating the fair value of the stock.\nAs we discussed in “Spotify Earnings: Why The Stock Spiked On Q3 Results”, one of the most relevant growth drivers for Spotify today is podcast. This sub-segment of streaming audio is expanding fast and could become a substantial part of the company's P&L in the foreseeable future.\nWith ad-supported accounts growing at the same rate as paid users, monetizing on podcasts is a key next step for Spotify. We think that this could be a catalyst pushing Spotify stock higher in the future – even if not in the next few weeks or months.\nSpotify dominates audio streaming\nSpotify has one of the largest music libraries. However, we do not think that this sets the company apart from its competitors. Apple and Amazon, for example, continue to invest their bottomless piles of cash to boost their platforms’ content offerings as well.\nWhat makes Spotify stand out, in our view, is its footprint in audio streaming. Despite the growth prospects, the market is still concentrated in the hands of few players, unlike what happens in video streaming. Spotify has clear market dominance, as the chart below depicts.\nThe investments in podcasts should only help Spotify to establish itself at the top for years to come. Currently, there are about 2.6 million podcast titles available on the platform.\nFigure 2: Music streaming market share.\nOur view\nAfter Spotify stock dropped more than 10% since the beginning of November, a window of opportunity may have opened for those who appreciate Spotify's business model. 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❤"}],"langContent":"CN"},{"id":609017701,"gmtCreate":1638220460534,"gmtModify":1638220460619,"author":{"id":"4095122459394920","authorId":"4095122459394920","name":"nicothegr23","avatar":"https://static.tigerbbs.com/b3486329de6f7ea7acd47cb4c7a81c41","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"👍👍👍","listText":"👍👍👍","text":"👍👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609017701","repostId":1180693909,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":600755074,"gmtCreate":1638199898703,"gmtModify":1638199954186,"author":{"id":"3583916713249739","authorId":"3583916713249739","name":"lololol13","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"A good time to buy the dip","listText":"A good time to buy the dip","text":"A good time to buy the 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