Spotify Has a Big Opportunity Right Now [The Motley Fool]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: The Motley Fool
The impact of COVID-9 onSpotify(NYSE:SPOT"[W]hen we saw consumption starting to decline we would have assumed that MAUs and Paid Subscribers would be negatively impacted, but that wasn't the case," CEO Daniel Ek wrote in the company's April 9 letter to shareholders. "In fact, both new and reactivated MAUs grew substantially even during lockdown periods in major markets."On the earnings call, Ek provided some insight into why active accounts remained relatively unaffected by the impact of the COVID-9 pandemic, and he was generally optimistic about the business going forward.Image source: Spotify.Spotify's big opportunityEk pointed out that Spotify's biggest competitor isn't another streaming service, or even another form of music purchasing like digital downloads or vinyl records. It's radio."The 0-year trend is that everything linear dies, and on-demand wins. This is a trend that we suspect will be accelerated by the COVID pandemic," Ek said onSpotify's first-quarter earnings callThe
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AMZN
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- 10/30/25 - Beat
AMZN
Sec Filings
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- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website