Why Wall Street Tuned Out Spotify's Surprising Profit [The Motley Fool]
PANDORA MEDIA (P)
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Source: The Motley Fool
Apparently, investors are still waiting for the music streamer to make money from its music streaming business. Motley Fool Staff ( the_motley_fool ) Nov 12, 2018 at 12:00AM It's hard to complain when a previously money-losing business finally has a quarter in the black, but trust Mr. Market to find a way if there is one. And in the case of Spotify ( NYSE:SPOT ) , there was: Yes, it booked a paper profit -- but that derived from its investment in Tencent Music Entertainment Group ( NASDAQOTH:TCEHY ) . The core business remains in the red. In this segment of the Motley Fool Money podcast, host Chris Hill and Fool senior analysts Ron Gross, Matt Argersinger, and Jason Moser reflect on the real situation at Spotify, subscriber growth, and its outlook from here. A full transcript follows the video. This video was recorded on Nov. 2,
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