When it comes to investor sentiment toward streaming audio giant Spotify, Jeff Wlodarczak, the Principal and Internet/Media/Communications Analyst at influential Wall Street watcher Pivotal Research Group, is perhaps a bit muted in his excitement over the company’s just-released Q4 2022 results.
“Spotify reported an overall nicely better than expected Q4 operational and financial results with premium/advertising [Monthly Active Users] nicely better than expected,” he says.
Spotify enjoyed a good quarter, sending its stock upward by nearly 13% on Tuesday. But, they were hardly stellar, and the losses are exceptional. So, what’s to be pleased about?
