Is Spotify Turning the Corner on Profitability?

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jdjohn
jdjohn Posts: 3,064
edited May 9 in Music & Movies
Their March 2024 income statement is showing a profit:
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The stock price is definitely on an upward trend:

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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:
jb5zh6f14l7i.jpg
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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