2024-03-21 00:47:06 ET
Summary
- Spotify is focusing on winning over users overseas and ramping up product feature rollouts to compete in the music streaming industry.
- The company's recent introduction of streaming music videos directly on the platform may put them in direct competition with YouTube, aiming to increase engagement and monetize it through ads.
- While Spotify's strategy to prioritize growth sustainably is impressive given its execution, the risks from its legal win over Apple remain unknown.
Investment Thesis
Spotify ( SPOT ) is upping its game in the music streaming industry as it prepares to compete with some of its formidable foes in this industry. The company has been busy ramping up their product feature rollouts with a focus on winning over users overseas as its core markets show signs of maturing. In addition, Spotify has scored some legal wins in its fight against the deplatforming of major app stores like Apple’s (AAPL) App Store, but the direct implications of that in the immediate term may be unclear....
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Spotify's Faceoff With YouTube Is Intriguing, But A Sanity Check Is Due