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Stock impact report

Is Spotify King Of The Music World? Top Analysts Chime In [Seeking Alpha]

PANDORA MEDIA (P) 
Last pandora media earnings: 7/31 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.pandora.com
Company Research Source: Seeking Alpha
Summary Spotify ( SPOT ) is a Swedish on-demand music streaming giant with the world at its feet. After all, after first bursting onto the scene in 2008, Spotify now rules the industry across the globe. This audiophile darling went public in April. Yet, 72 trading hours after the company’s first quarter print posted on May 2, the stock slid almost 12%. Discounted subscriptions saw a dip in average revenue per users. Revenue outlook proved another weak spot for Spotify, underwhelming Wall Street for the second quarter. That said, the company still hit 75 million paying members for its first public quarter. Moreover, while the guide led SPOT shares to stumble, second quarter results tapped recovery. A new high for Spotify was unlocked: ad-supported monthly active users towers between 83 and 101 million paid subscribers. Present-day, the stock is now a comeback kid of the Street. Since Spotify’s IPO, shares have recovered their losses, and then some- climbing almost 22% by Show less Read more
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