Spotify's Bet on Podcasts Is (Slowly) Paying Off
Spotify Technology (NYSE: SPOT) continues to grow its music and podcast business, monetizing both premium and ad-supported listeners at a higher rate. But the company's growth has not been as quick as some investors hoped for.
Shares dropped 5.7% on Wednesday after second-quarter earnings were released, falling by double digits at one point during trading. But investors will want to keep an eye on the long-term story of this company, which I think is one of the best growth stocks today.
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Source Fool.com
