RUMOR MILL
Tuesday, January 31, 2023
SPOTIFY STOCK SOARS AS EARNINGS EK-CEED EXPECTATIONS
Wall Street has a green light on Big Green following Spotify's earnings report for Q4, which saw the platform reach new milestones in MAU and subscribers and beat gross-margins and profit expectations.
Spotify shares hit a five-month high on 1/31, surging 12.7% from 1/30. On 2/1 shares continued to climb, up nearly 5%, closing at $118.19. Citi flagged it as a "buy," citing the company's positive outlook for Q1 2023, during which it expects to hit 500m MAU and 2m new subs.
How's that for efficiency?
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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LIVE NATION ROCKS WITH HUGE Q3 RESULTSrumor mail
