Spotify stock fell 4.89% on Monday, closing the day at $131.13. That leaves the streamer with a market cap of just under $24 billion. At one point in the day, the stock fell to an all time low of $126.75. Spotify’s downturn continued on a day of turmoil in the…
Category archives: stock
Pandora Reports Solid Q3, 6.8M Paid Subscribers
Pandora reported a sold Q3, including adding 784,000 subscribers in Q3, reaching approximately 6.8 million for its various paid services. That’s a fraction of Spotify or Apple Music, but when factoring users of its free service, Pandora has 68.8 million active users, down slightly, with total listener hours of 4.81…
Spotify [NYSE:SPOT] Announces $1 Billion Stock Buy Back
[UPDATED] Spotify Technology S.A. (NYSE:SPOT) announced that it will begin a $1 billion stock repurchase. Repurchases of up to 10,000,000 in Spotify ‘ordinary shares’ have been authorized by shareholders and the Board of Directors up to a total cost of $1 billion. After the announcement, Spotify stock rose 2.6% in…
Can Spotify Ever Meet Stock Market Expectations?
Spotify stock his an all time low Thursday, despite a solid Q3 report. The drop came after the streamer was honest about its long term plan to put growth over profits. "Spotify is building its business at a decent rate that meets/exceeds music industry expectations, but not investor expectations," writes…
Spotify Stock Bounces Off Bottom, Analysts Stay Bullish
Spotify [SPOT] stock ticked upward Tuesday, after days of downward trading that saw the streamer hit an all time low. SPOT stock ended the day at $141.68 up 1.85%. It was up another 1.21% in pre-market trading on Wednesday, trading at $143.40. On Monday, Spotify stock fell 4.88% to close…
Spotify Stock Below IPO Day Price, $6.7B Off Peak Valuation
Spotify stock is continuing to struggle, closing Thursday at $148.96 and just below its $198.99 per share peak just three months ago. That leaves the streamer with a $26.31 billion market cap, down $6.7 billion from a $33 billion peak summer valuation. The stock slipped as low as $146.01 in…
Spotify To Report 3rd Quarter Financials
Spotify (NYSE:SPOT) will post its third quarter 2018 financial results and letter to shareholders on Thursday, November 1, 2018 before the market opens. The streamer will hold a question and answer session at 8:00 AM ET. A live webcast will be accessible at investors.spotify.com and a recording of the webcast…