After a 350% run to the up side from the October 2022 lows, Spotify has rocketed off of unprofitability and hopes to be profitable.
Last quarter it has a expected .674 earnings per share and a revenue estimate of 3.895 B.
Even if this stock beats both (somehow) it still needs to show a crazy guidance for the next quarter.
My fundamental reason (this is a joke (SORTA)) is that do humans listen to more or less music during the summer months? Are we outside more listening to more music or does the streaming counts drop due to a group of friends listening to music together.....
Last quarter it has a expected .674 earnings per share and a revenue estimate of 3.895 B.
Even if this stock beats both (somehow) it still needs to show a crazy guidance for the next quarter.
My fundamental reason (this is a joke (SORTA)) is that do humans listen to more or less music during the summer months? Are we outside more listening to more music or does the streaming counts drop due to a group of friends listening to music together.....