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Spotify's Profits Are Back. Is the Stock a Buy Now?

TheMotleyFool

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Spotify's Profits Are Back. Is the Stock a Buy Now?: https://g.foolcdn.com/editorial/images/752194/investor-checking-stocks-at-computer.jpg

Shares of Spotify (NYSE: SPOT) recently shot higher in response to better-than-expected third-quarter results. Investors were encouraged by operating earnings that turned positive after several quarters of heavy losses.

A majority of Spotify users are on the free ad-supported plan, but a weakening economy has pressured advertising revenues across the media industry. Is Spotify's ability to drive profits during a difficult time for its industry a sign the stock can outperform over the long run?

Image source: Getty Images.

Source Fool.com

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