SPOT

While not exactly Meta-like twists and turns, Spotify’s rise from the ashes of late 2022 perhaps slipped through many investors’ mind. The stock was at ~$70 in December, 2022. Today, it closed at $232. Before I get to my highlights from today’s call, let me first mention that

Disclosure: I own shares of Spotify We walked into 2023 thinking we would do just over 20 million in net subscriber adds for the full year, but we're actually on track to deliver 30 million, which is a significant beat from where we thought we would be. I’

Disclosure: I own shares of Spotify Spotify stock has been one of the “winners” in 2023. A week ago, its YTD was +130%. With Generative AI, price increases, and potential margin improvement speculations, the stock crumbled after today’s earnings as it mostly appears to be  very much “work-in-progress” story,

Disclosure: I own shares of Spotify Over the last 6 months, Spotify stock has doubled. The business, however, remains largely work-in-progress with users accelerating but operating efficiency yet to reflect in the financials. Here are my notes from today’s earnings. Subscribe Users Spotify experienced its largest two MAU growth

Subscribe Disclosure: I own shares of Spotify we're in a better position competitively than we've been in many, many years. For throughout the existence of Spotify, we have always heard of competitors, and it was always the sort of big scary wolf, whether it was Apple

Subscribe Disclosure: I own shares of Spotify "...I suspect many of you think Spotify is a great product, yet at the same time, you may also think that we're a bad business or at least a business with bad margins for the foreseeable future." Daniel Ek

Disclosure: I own shares of Spotify “…we believe the Spotify machine is what differentiates us from other tech platforms. It leverages one consumer experience, powered by 3 revenue-generating business models: subscriptions, ads and marketplace.” After falling into the abyss, the "machine" mostly delivered this quarter which led to