Spotify Stock Sell-Off: The Truth Behind the Headlines
Spotify's (NYSE: SPOT) quarterly reports are a great example of why investors should dig deeper into companies' full releases rather than just focusing on the drastic headlines. Indeed, this company is one for which I intentionally stay away from the news on earnings days so I can look at the results and make my own assessment before reading what the rest of the market thinks.
In 2022's first quarter, I was looking for continued steady growth in Spotify's music and subscription business, larger growth in its podcasting business, strong revenue growth, and improving margins in the advertising business. Long term, I think the company's upside potential will come from pairing creators with listeners and serving relevant ads or attractive subscription deals, which is why I chose these metrics. Here's what I saw from Spotify's earnings report.
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Source Fool.com
