![]() The platform is available on most devices and platforms, and users can access millions of tracks and projects. In addition, it offers bundled services with Hulu. The company offers an ad-supported free version, along with paid subscriptions ranging from $5-$20 per month. Spotify is a Swedish streaming service that holds a vast library of music, podcasts, and video content from creators around the world. Will Spotify sing a happy tune for investors’ portfolios? Short-term expenses represent long-term benefits that may revolutionize the businesses of music and podcasting. ![]() Its drop-in audio app Greenroom and a focus on high-definition audio could be the keys to unlock major profitability for investors over the next decade. ![]() And the company is losing money as it pays to bring more talent in house. Spotify is a cultural staple that’s pivotal to the modern music industry, but it’s facing increased competition from rivals like Alphabet’s YouTube, Amazon, and SiriusXM. The company has over 350 million monthly active users, with 158 million premium subscribers as of its most recent quarter. With stiff competition and an expensive overhead obligation to major music labels, is Spotify stock a buy? The company spent about $1 billion over the past two years buying original podcasting content and seems to be building an audio Netflix Inc ( NASDAQ:NFLX ). Spotify Technology SA ( NYSE:SPOT ) is a Stockholm, Sweden-based audio streaming and media services platform that’s making waves this decade.
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