Stockreport
Spotify Stock Rises 83% Year to Date: Is Your FOMO Warranted? [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
As of the last trading session, the stock closed at $343.97, close to its 52-week high of $359.38. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors. Image Source: Zacks Investment Research Given the continuous strength in SPOT shares, investors may wonder if there is still an opportunity to invest in the stock. Let's take a closer look. SPOT's Strong Growth Driven by Price Hikes, Podcast Gains Spotify investors have many reasons to be optimistic when it comes to the company's financial results. Its premium subscriber revenues, which account for approximately 88% of total revenues, play a crucial role in its financial performance. Ad-supported revenues contribute the remaining 12%. Premium subscribers grew 12%, and ad-supported monthly active users (MAUs) increased 15% in the second quarter of 2024. The growth in total MAU was also noteworthy, with a 14% year-over-year increase. Spotify increased its gross profit by 45% year ove
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