3 Numbers That Will Make You Ecstatic About Spotify's Growth Potential
Big news came out of Sweden on Feb. 2 when Spotify (NYSE: SPOT) released its fourth-quarter and full-year earnings report. The global audio streamer put up solid growth numbers and is making great progress expanding beyond music streaming. However, with weak monthly active user (MAU) guidance for the first quarter of 2022 and the recent controversy around the Joe Rogan Experience, investors have so far decided to sell off Spotify in 2022. As of this writing, shares of Spotify are down a whopping 29% year to date (YTD).
This sharp price drop to start 2022 provides a great buying opportunity for investors with a long-term time horizon. Here are three numbers from the latest earnings report that will make you ecstatic about Spotify's growth potential.
Source Fool.com
