In the Q1 earnings call, CFO Paul Vogel made it very clear what the strategy was here:īut based on our numbers, Barcelona attracts over 700 million unique viewers per year.
The company followed this expansion into developing markets up with the more recent sponsorship agreement with FC Barcelona, which included the naming rights for the iconic Camp Nou stadium. In February 2021, right at the peak of the stock at almost 300€, the company announced its launch into 80 new markets and the addition of 36 new languages onto the platform. Spotify recently focused a lot on expanding into new territory. I'll go over Spotify's plan for the future and the problems I have with some of it. The investor day was a long event with 600 colorful slides with interesting insights, but also some odd projections and high expectations. Spotify chart (Google) Spotify Investor Day Stock price performance had been pretty good until the growth stock peak in February 2021 (149% return), but since then the stock has given up all its gains and then some. The investor day raised a lot of questions and made me very cautious, hence why I rate it as a hold. The company recently (June 8) had its first investor day since its IPO in 2018.
( NYSE: SPOT) is the global leader in music streaming and is transforming the company into an audio company.
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