Is Spotify Turning the Corner on Profitability?
jdjohn
Posts: 3,155
Their March 2024 income statement is showing a profit:
The stock price is definitely on an upward trend:
My hope is that they will come through with a hi-res subscription to compete with Qobuz (I have no interest in Tidal). I think Qobuz is privately-owned, so no publicly available financial information...that I can find.
EDIT: Cash is king, and here is Spotify's Cash Flow trend:
Anything 'above the line' is very good, so we're looking at four consecutive quarters of 'above the line' cash flow performance.
The stock price is definitely on an upward trend:
My hope is that they will come through with a hi-res subscription to compete with Qobuz (I have no interest in Tidal). I think Qobuz is privately-owned, so no publicly available financial information...that I can find.
EDIT: Cash is king, and here is Spotify's Cash Flow trend:
Anything 'above the line' is very good, so we're looking at four consecutive quarters of 'above the line' cash flow performance.
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"Sometimes I do what I want to do. The rest of the time, I do what I have to." - Cicero, in Gladiator
Regarding collectibles: "It's not who gets it. It's who gets stuck with it." - Jimmy Fallon