Spotify Finally Streaming Some Rock n’ Revenue
November 01 2021 - 09:02AM
TipRanks
The third fiscal quarter’s earnings season continues to roll out
new chapters to ongoing sagas. While some tech earnings have
been impacted by inflationary pressures and supply-side
constraints, others have been fortunate enough to circumvent the
brunt of these issues. Music streaming
platform Spotify (SPOT) reported earnings late last
week, and was able to pull off an impressive quarter, bolstered by
ad revenues and podcast engagement. (See Analyst Top
Stocks on TipRanks) Delineating his views on the matter
is Andrew Uerkwitz of Jefferies Group, who bullishly
asserted that “this is the best quarter we’ve seen from SPOT since
our initiation [of coverage].
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Spotify Technology (NYSE:SPOT)
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