SPOT - Spotify: Price Increases Are Helping To Mask Weaker User Growth
2024-06-07 05:11:15 ET
Summary
- Spotify's share price has surged 70% this year due to price increases, but investors should be cautious about the sustainability of the rally.
- Spotify's latest price increases make its Premium plan more expensive than competitors, which may further slow down user growth.
- The company's guidance for Q2 implies substantially fewer net adds for both MAUs and Premium subscribers versus the prior year.
Spotify ( SPOT ) has had a banner year this year. The leading streaming company has seen its share price surge 70%, and the stock is now well on its way to reclaiming its pandemic-era highs....
Spotify: Price Increases Are Helping To Mask Weaker User Growth