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We are looking at Spotify (SPOT) today.
Shares of Spotify were up more than 12% on Thursday. The music streaming platform has been betting on the future of podcasts for a while. And, it was the podcast category that drove the stock price. An exclusive deal with Warner Bros. would bring a series of narrative-style podcasts featuring superheroes such as Batman and Wonder Women. It didn't hurt either that a new podcast with Kim Kardashian's involvement was announced. The company is unprofitable and doesn't have an impressive gross margin. However, it generates free cash flow and has no debt, which means it can fund its future without worrying about money too much. Content is the savvier of streaming services. We've seen a similar strategy working for video streaming platforms. Superheroes are doing their thing and saving streaming services, once again. It sure seems that Spotify is on to something with original podcast content. It is worth watching the stock.
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Disclaimer: StockCard.io is not, neither operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on StockCard.io and Stock Card Weekly represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The Stock Card team may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall StockCard.io be liable to any subscriber, visitor, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on StockCard.io, or relating to the use of, or inability to use, StockCard.io or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.