Spotify‘s (NYSE: SPOT) stock is on fire over the past two years, in large part because the company was able to increase prices and lower costs, driving vastly improved cash flows. But for the stock to continue its run, the company needs advertising and tickets/merchandise to play a role in the business. In this video, Travis Hoium covers the company’s growth and where Spotify will go next.
*Stock prices used were end-of-day prices of Sept. 16, 2024. The video was published on Sept. 16, 2024.
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Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.