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Spotify Technology

Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.

Spotify Technology SA

Spot Coffee (Canada) Ltd

SPOTLITE360 IOT SOLUTION by SpotLite360 IOT Solutions Inc.

SpotLite360 IOT Solutions Inc

SPOTLIGHT HOMES INC by Spotlight Homes, Inc.

Spotlight Homes Inc

SPOTLIGHT CAP HLDGS INC by Spotlight Capital Holdings, Inc.

spotlight Capital Holdings Inc

JPMorgan analyst Doug Anmuth has rolled out an optimistic<a href="https://www.benzinga.com/markets/24/12/42497093/stock-market-predictions-for-2025-a-mixed-bag-of-expectations"> internet 2025 outlook</a>, emphasizing mega-cap tech leaders as top picks. The big winners? Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). 
Despite "heavy capex investments," Anmuth expects "increasing returns" as artificial intelligence shifts to practical applications, driving growth in advertising, cloud, and software tools.
<h2 class="wp-block-heading">Why 2025 Looks Promising</h2>
Anmuth highlights three transformative AI trends reshaping the tech landscape:
<ol>
<li>A 30% boost in engineering efficiency across major companies.</li>
<li>Billions in AI revenue for AWS and Google Cloud.</li>
<li>Accelerated ad and search growth for Meta and Google, driven by improved targeting and conversions.</li>
</ol>
These advancements, coupled with a pro-business political backdrop and stabilized macro trends, are set to support strong revenue growth across the Internet sector in 2025.
Read Also: <a href="https://www.benzinga.com/24/12/42556006/amazon-to-rally-around-21-here-are-10-top-analyst-forecasts-for-wednesday">Amazon To Rally Around 21%?</a>
<h2 class="wp-block-heading">Capex Surge: A Long-Term Play</h2>
Big tech is gearing up for significant infrastructure spending in 2025, exceeding market expectations. 
Anmuth projects capex of $97 billion for Amazon, $64 billion for Meta, and $62 billion for Alphabet. While these investments may weigh on margins, the long-term outlook remains bullish. 
Amazon and Alphabet are forecasted to expand margins and free cash flow, while Meta's outlook is steadier, despite double-digit revenue and EPS growth expectations.
<h2 class="wp-block-heading">Stock-Specific Highlights</h2>
<ul>
<li>Amazon (Target Price: $280) Amazon&#8217;s dominance in e-commerce and cloud markets positions it for multi-year margin and free cash flow expansion. With high-growth AWS and advertising streams, the company is poised to capitalize on untapped potential in IT and retail digitization.</li>
<li>Alphabet (Target Price: $232) Alphabet's ad business and AI-driven innovation keep it ahead of the pack. Search, YouTube ads, and cloud services present robust growth opportunities, while its "Other Bets" businesses like Waymo and Verily add optionality.</li>
<li>Meta Platforms (Target Price: $725) Meta's dual focus on AI and the metaverse underscores its commitment to long-term growth. Despite increased infrastructure spending, Meta's unmatched reach and targeting capabilities ensure sustained profitability and value for advertisers.</li>
<li>Spotify (Target Price: $555) Spotify continues to ride the audio streaming wave with solid user growth, cost discipline, and profit gains from podcasts and marketplace contributions.</li>
</ul>
As AI matures, these mega-cap tech leaders are well-positioned to reap the rewards of their massive investments. 
While elevated capex may challenge short-term margins, the broader narrative of innovation, efficiency, and market dominance paints a bullish picture for 2025. 
For investors, JPMorgan's favorites—Amazon, Meta, Alphabet, and Spotify—stand as compelling opportunities to capitalize on the next phase of tech evolution.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42548075/us-stock-markets-outsized-influence-resurges-as-it-dominates-two-thirds-of-msci-world-indexs-capitalization-mirroring-late-1980s-peak">US Stocks Led By Apple, Nvidia, And Other Tech Giants Dominate Nearly Two-Thirds Of MSCI World Index, Drawing Parallels To 1980s Peak</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Long Ideas

Analyst Ratings

Tech

Trading Ideas

AMZN

GOOG

GOOGL

SPOT

Amazon, Meta, Alphabet, Spotify Lead JPMorgan's 2025 Tech Picks For AI Potential

Global superstar Taylor Swift turned 35 years old on Friday, Dec. 13, and continues to be one of the most in-demand musicians as witnessed by a recent auction for old family Christmas cards and her recent success with a <a href="https://www.benzinga.com/general/entertainment/24/12/42351922/trump-predicted-taylor-swift-sales-would-drop-target-data-shows-over-800k-sold">tour photo book.</a>
What Happened: Swift is likely celebrating the end of her <a href="https://www.benzinga.com/general/entertainment/24/12/42393880/taylor-swifts-record-breaking-eras-tour-wraps-a-look-at-the-numbers">record-breaking "Eras Tour"</a> along with her birthday on Friday, but some investors or fans will soon be celebrating their recent purchase.
Auction company Goldin, which is owned by eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) recently sold two holiday photo cards featuring a young Swift on them, including two Christmas cards sent to friends and family by her parents.
The 1992 and 1993 Christmas cards, sold in separate auctions, featured Swift as a three-year-old and four-year-old respectively, alongside her younger brother.
The 1993 card features the written inscription "from our family to yours…much love, the Swifts/ Scott, Andrea, Taylor (4 years), &amp; Austin (almost 2)."
The Christmas photo cards sold for $2,318 (1992) and $2,566 (1993) for a combined $4,884.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Up for bid at Goldin: Someone is selling the holiday cards they got from Taylor Swift's family in 1992 and 1993, when she was 3 &amp; 4 years old. <a href="https://t.co/5D0TA9BmeK">pic.twitter.com/5D0TA9BmeK</a>
&mdash; Darren Rovell (@darrenrovell) <a href="https://twitter.com/darrenrovell/status/1866888223701815558?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"It's incredible the things people save from three decades ago," Goldin Auctions founder and CEO Ken Goldin said, as <a href="https://www.cllct.com/sports-collectibles/auctions/two-taylor-swift-family-holiday-cards-sell-for-nearly-5k">reported </a>by cllct. "The fact that so many people were interested in these two items and each received so many bids, it shows the incredible worldwide popularity of Taylor Swift."
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/12/42377867/most-visited-wikipedia-pages-in-2024-trump-harris-musk-swift-politics-and-netflix-dominate-list">Most Visited Wikipedia Pages In 2024: Trump, Harris, Musk, Swift, Politics And Netflix Dominate List</a>
Why It's Important: Goldin has <a href="https://goldin.co/buy/?search=taylor%20swift&amp;page=1&amp;sort=Highest_Bids&amp;number_of_lots=96&amp;show_only=Sold%2520Items">sold </a>many Swift memorabilia items over the last year, and has <a href="https://goldin.co/buy/?search=taylor%20swift&amp;sort=Ending_Soonest">more </a>up for sale that ends in less than a week. Among the top sales for Goldin are a handwritten, twice-signed lyric sheet for Swift's song "Tim McGraw," which sold for $87,840, a signed acoustic guitar that sold for $9,762 and a lot of 40 signed "Folklore" CD inserts which sold for $5,957.
A separate 1993 holiday card also sold for $2,562 earlier this year by Goldin.
Swift's Eras Tour broke records and fans continue to gravitate to memorabilia and merchandise from the singer.
The singer recently released a photo book with pictures and behind-the-scenes stories from the tour through an exclusive partnership with Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>). The <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42244324/black-friday-frenzy-shoppers-queue-for-taylor-swift-merch-retro-gadgets-and-more-as-retailers-open-doors-early-amid-shortened-shopping-season">book drew lines </a>on Black Friday and also set impressive milestones in its first weekend of availability.
The book sold 814,000 copies over the Black Friday shopping weekend, according to data from Circana&nbsp;<a href="https://apnews.com/article/taylor-swift-eras-book-sales-2024-record-c40605042af98eac2e9a7897a4bc2d73" target="_blank" rel="noreferrer noopener">reported&nbsp;</a>by the Associated Press.
The sales figures come with Target being the only retailer offering the book and being an in-store item for at least the first day. The number makes Swift&#8217;s book the top seller for the week and the biggest launch of 2024.
Swift&#8217;s book is the second-biggest nonfiction launch of all time, trailing only the first volume of&nbsp;Barack Obama&#8216;s&nbsp;2020 memoir, &#8220;A Promised Land,&#8221; the AP reports. The former president's book sold 816,000 copies in its first week. Unlike Swift&#8217;s book, Obama&#8217;s was widely released.
Goldin and eBay can be added to the list of companies that Swift has helped thanks to her popularity, a list that includes AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) and Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>). Swift was also recently named the top streamed artist on Spotify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) for a <a href="https://www.benzinga.com/general/entertainment/24/12/42325116/2024-was-worlds-taylor-swift-era-once-again-spotify-reveals-top-artists-songs-albums-podcasts">second straight year.</a>
President-elect Donald Trump said that Swift's popularity and merchandise sales <a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">could take a hit</a> after endorsing Kamala Harris in the 2024 election.
&#8220;She seems to always endorse a Democrat and she&#8217;ll probably pay a price for it in the marketplace.&#8221;
It appears Trump has severely underestimated the fandom of the Swifties.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/42249576/target-black-friday-deals-pokemon-shoppers-gotta-catch-em-all">Target Black Friday Deals: Pokémon Shoppers Gotta Catch &#8216;Em All</a></li>
</ul>

Entertainment

EBAY

Taylor Swift Fans/Collectors Are Paying Over $2,000 For Old Family Christmas Cards

Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) has outperformed the market over the past 5 years by 12.18% on an annualized basis producing an average annual return of 25.75%. Currently, Spotify Technology has a market capitalization of $95.68 billion. 
Buying $100 In SPOT: If an investor had bought $100 of SPOT stock 5 years ago, it would be worth $315.99 today based on a price of $476.45 for SPOT at the time of writing.
<h3>Spotify Technology's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734108325_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Investors with a lot of money to spend have taken a bullish stance on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $41,945, and 11, calls, for a total amount of $416,620.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $500.0 for Spotify Technology, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 39.0 with a total volume of 65.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology's big money trades within a strike price range of $105.0 to $500.0 over the last 30 days.
<h3>Spotify Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734034177_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$77.4</td>
<td>$76.0</td>
<td>$76.0</td>
<td>$460.00</td>
<td>$60.8K</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$41.95</td>
<td>$41.9</td>
<td>$41.9</td>
<td>$460.00</td>
<td>$41.9K</td>
<td align="right">40</td>
<td align="right">13</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$385.55</td>
<td>$382.2</td>
<td>$385.55</td>
<td>$105.00</td>
<td>$38.5K</td>
<td align="right">0</td>
<td align="right">2</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$385.35</td>
<td>$382.0</td>
<td>$385.35</td>
<td>$105.00</td>
<td>$38.5K</td>
<td align="right">0</td>
<td align="right">2</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$381.2</td>
<td>$378.0</td>
<td>$381.2</td>
<td>$110.00</td>
<td>$38.1K</td>
<td align="right">0</td>
<td align="right">2</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
In light of the recent options history for Spotify Technology, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Spotify Technology</h3>
<ul>
<li>With a trading volume of 1,016,422, the price of SPOT is up by 1.15%, reaching $482.38.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 54 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Spotify Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $500.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Macquarie persists with their Outperform rating on Spotify Technology, maintaining a target price of $500. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Spotify Technology with a target price of $475. 
&#x2A; An analyst from Phillip Securities downgraded its action to Accumulate with a price target of $485. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Spotify Technology with a target price of $515. 
&#x2A; An analyst from Canaccord Genuity persists with their Buy rating on Spotify Technology, maintaining a target price of $525. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Spotify Technology with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Looking At Spotify Technology's Recent Unusual Options Activity

President-elect Donald Trump predicted that Taylor Swift would see her sales take a hit after endorsing Vice President Kamala Harris for president, but new data shows that is far from the case as the musician continues to dominate concerts, movies<a href="https://www.benzinga.com/general/entertainment/24/12/42325116/2024-was-worlds-taylor-swift-era-once-again-spotify-reveals-top-artists-songs-albums-podcasts"> and streaming lists.</a>
Swift is also seeing huge success with her new book.
What Happened: Swift launched a new "Eras Tour Book" that provides photos and behind-the-scenes stories and images from the <a href="https://www.benzinga.com/general/entertainment/23/12/36221025/taylor-swifts-eras-tour-shatters-guinness-record-for-highest-grossing-music-tour-how-much-d">record-breaking Eras Tour.</a>
The book was released on Black Friday exclusively in Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) stores. While many holiday shoppers may have chosen to shop online this year and skip standing in lines and waiting outside stores on Black Friday, Target<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42244324/black-friday-frenzy-shoppers-queue-for-taylor-swift-merch-retro-gadgets-and-more-as-retailers-open-doors-early-amid-shortened-shopping-season"> saw lines </a>at stores thanks to the exclusive Swift book.
Swift's new book sold 814,000 copies over the Black Friday shopping weekend, according to data from Circana <a href="https://apnews.com/article/taylor-swift-eras-book-sales-2024-record-c40605042af98eac2e9a7897a4bc2d73">reported </a>by the Associated Press.
The sales figures come with Target being the only retailer offering the book and being an in-store item for at least the first day. The number makes Swift's book the top seller for the week and the biggest launch of 2024.
According to the report, Circana tracks around 85% of the print market.
Swift's book is the second-biggest nonfiction launch of all time, trailing only the first volume of Barack Obama's 2020 memoir, "A Promised Land," the AP reports. The former president&#8217;s book sold 816,000 copies in its first week. Unlike Swift's book, Obama's was widely released.
Read Also:<a href="https://www.benzinga.com/general/gaming/24/11/42249576/target-black-friday-deals-pokemon-shoppers-gotta-catch-em-all"> Target Black Friday Deals: Pokémon Shoppers Gotta Catch &#8216;Em All</a>
Why It's Important: The strong early sales of Target&#8217;s exclusive book highlight Swift&#8217;s undeniable success—something Trump may want to keep in mind.
Earlier this year, Swift<a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri"> announced her endorsement</a> for Kamala Harris for president in the 2024 election. The endorsement didn't sit well with Trump.
Trump said he wasn&#8217;t surprised by Swift supporting Harris, saying &#8220;she&#8217;s a very liberal person.&#8221;
&#8220;She seems to always endorse a Democrat and she&#8217;ll probably pay a price for it in the marketplace," Trump said.
The suggestion that endorsing Harris could hurt Swift's future album and merchandise sales might be proven untrue already with the book launch.
The book&#8217;s success comes as the global superstar has witnessed success and helped boost public companies in several sectors previously.
Streaming company Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) recently named Swift the most streamed artist worldwide for 2024, taking the title for a second straight year. Swift also ranked as the top streamed artist in the United States, with several albums among the most streamed for the year.
Swift also saw her concert film <a href="https://www.benzinga.com/general/entertainment/24/05/39010959/amc-ceo-says-were-still-here-how-taylor-swift-popcorn-buckets-help-movie-theater-from-going">set records for</a> AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), despite the film bypassing the traditional release model.
The record-breaking Eras Tour has also <a href="https://www.benzinga.com/news/earnings/24/02/37273654/live-nation-entertainment-q4-earnings-highlights-taylor-swift-effect-continues-with-record-attendan">boosted the financials</a> of Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), which owns Ticketmaster.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/12/42325116/2024-was-worlds-taylor-swift-era-once-again-spotify-reveals-top-artists-songs-albums-podcasts">2024 Was World&#8217;s Taylor Swift Era Once Again: Spotify Reveals Top Artists, Songs, Albums, Podcasts</a></li>
</ul>
Photo: Shutterstock

Politics

Trump Predicted Taylor Swift Sales Would Drop—Target Data Shows Over 800K Sold

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) released its annual list of the most listened-to songs, albums, artists and podcasts and just like last year it's Taylor Swift's world and we're all <a href="https://www.benzinga.com/general/entertainment/23/11/36031768/taylor-swift-dominates-2023-named-spotifys-top-artist-with-26-1-billion-streams-a-look-at-t">just living in it.</a>
What Happened: For a second straight year, Taylor Swift sits atop the Spotify Wrapped list of the top streamed artists on Spotify with 26.6 billion streams globally. Swift, who set records<a href="https://www.benzinga.com/general/entertainment/23/12/36221025/taylor-swifts-eras-tour-shatters-guinness-record-for-highest-grossing-music-tour-how-much-d"> with her Eras Tour</a> over the last two years, was also the top streamed artist in the U.S.
Shared by Spotify Wednesday, here are the top 10 <a href="https://newsroom.spotify.com/2024-12-04/top-songs-artists-podcasts-audiobooks-albums-trends-2024/">lists </a>for artists, songs, albums and podcasts globally for 2024.
Top Artists 2024:
<ol>
<li>Taylor Swift</li>
<li>The Weeknd</li>
<li>Bad Bunny</li>
<li>Drake</li>
<li>Billie Eilish</li>
<li>Travis Scott</li>
<li>Peso Pluma</li>
<li>Kanye West</li>
<li>Ariana Grande</li>
<li>Feid</li>
</ol>
Top streamed songs 2024:
<ol>
<li>"Espresso" – Sabrina Carpenter</li>
<li>"Beautiful Things" – Benson Boone</li>
<li>"Birds of a Feather" – Billie Eilish</li>
<li>"Gata Only" – FloyyMenor, Cris Mj</li>
<li>"Lose Control" – Teddy Swims</li>
<li>"End of Beginning" – Djo</li>
<li>"Too Sweet" – Hozier</li>
<li>"One Of The Girls (with JENNIE, Lily Rose Depp) – The Weeknd</li>
<li>"Cruel Summer" – Taylor Swift</li>
<li>"Die With A Smile" – Bruno Mars, Lady Gaga</li>
</ol>
Top streamed albums 2024:
<ol>
<li>The Tortured Poets Department: The Anthology – Taylor Swift</li>
<li>Hit Me Hard and Soft – Billie Eilish</li>
<li>Short n' Sweet – Sabrina Carpenter</li>
<li>MAÑANA SERÁ BONITO – Karol G</li>
<li>Eternal Sunshine – Ariana Grande</li>
<li>1989 (Taylor's Version) – Taylor Swift</li>
<li>SOS – SZA</li>
<li>Lover – Taylor Swift</li>
<li>Fireworks &amp; Rollerblades – Benson Boone</li>
<li>Starboy – The Weeknd</li>
</ol>
Top podcasts 2024: &nbsp;
<ol>
<li>The Joe Rogan Experience</li>
<li>Call Her Daddy</li>
<li>Huberman Lab</li>
<li>This Past Weekend with Theo Von</li>
<li>The Diary of a CEO with Steven Bartlett</li>
<li>Serial Killers</li>
<li>Relatos de la Noche</li>
<li>Crime Junkie</li>
<li>Café Com Deus Pai</li>
<li>El Podcast de Marian Rojas Estapé</li>
</ol>
To celebrate Swift's win in 2024, the artist will have a special badge on her Spotify artist profile, the company said.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">Trump Shakes Off Taylor Swift&#8217;s Harris Endorsement In 2024 Election: &#8216;She&#8217;ll Probably Pay A Price For It In The Marketplace&#8217;</a>
U.S. Top Lists: Spotify also shared geographical lists where top streaming data can be viewed by some regions and by several of the largest cities in the U.S. Here are the top streamed lists for the U.S.
Top Artists 2024 (U.S.):
<ol>
<li>Taylor Swift</li>
<li>Drake</li>
<li>Zach Bryan</li>
<li>Morgan Wallen</li>
<li>Kanye West</li>
<li>Future</li>
<li>Kendrick Lamar</li>
<li>Travis Scott</li>
<li>The Weeknd</li>
<li>Metro Boomin</li>
</ol>
Top streamed songs 2024 (U.S.):
<ol>
<li>"Espresso" – Sabrina Carpenter</li>
<li>"Not Like Us" – Kendrick Lamar</li>
<li>"A Bar Song (Tipsy)" – Shaboozey</li>
<li>"I Had Some Help (featuring Morgan Wallen)" – Post Malone</li>
<li>"Million Dollar Baby" – Tommy Richman</li>
<li>"Good Luck Babe!" – Chappell Roan</li>
<li>"Beautiful Things" – Benson Boone</li>
<li>"Birds of a Feather" – Billie Eilish</li>
<li>"I Remember Everything (feat. Kacey Musgraves)" – Zach Bryan</li>
<li>"Stick Season" – Noah Kahan</li>
</ol>
Top streamed albums 2024 (U.S.):
<ol>
<li>The Tortured Poets Department: The Anthology – Taylor Swift</li>
<li>One Thing At A Time – Morgan Wallen</li>
<li>Short n' Sweet – Sabrina Carpenter</li>
<li>Stick Season – Noah Kahan</li>
<li>The Rise and Fall of a Midwest Princess – Chappell Roan</li>
<li>Hit Me Hard and Soft – Billie Eilish</li>
<li>SOS – SZA</li>
<li>Dangerous: The Double Album – Morgan Wallen</li>
<li>Zach Bryan – Zach Bryan</li>
<li>1989 (Taylor's Version) – Taylor Swift</li>
</ol>
Top podcasts 2024 (U.S.):
<ol>
<li>The Joe Rogan Experience</li>
<li>Call Her Daddy</li>
<li>This Past Weekend w/ Theo Von</li>
<li>Crime Junkie</li>
<li>The Daily</li>
<li>The Tucker Carlson Show</li>
<li>Huberman Lab</li>
<li>Armchair Expert with Dax Shepard</li>
<li>Smosh Reads Reddit Stories</li>
<li>Shawn Ryan Show</li>
</ol>
Similar to the global charts, Swift dominated the artist and album list for Spotify users in the U.S.
The Winners: Along with Swift, there were multiple winners that can be identified from the list including country music and female artists.
For the business side of things, Universal Music Group NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>)(OTC:<a class="ticker" href="https://www.benzinga.com/stock/UNVGY#OTC">UNVGY</a>) looks to be a winner. Universal was the record company for many of the top streamed albums or the owner of smaller record labels the artists were on. This includes Taylor Swift, Ariana Grande, Billie Eilish, Sabrina Carpenter, Karol G, The Weeknd, Noah Kahan, Morgan Wallen and Chappell Roan.
Warner Music Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) can claim success for Benson Boone and Zach Bryan on the list. Sony Music, a unit of Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>), was behind SZA's album.
On the podcast side of things, Joe Rogan dominated both globally and in the U.S., which comes as he is no longer exclusive to Spotify. Rogan was<a href="https://www.benzinga.com/24/11/42221861/joe-rogans-interview-with-donald-trump-cant-put-podcaster-at-top-of-apples-2024-rankings-heres-who-beat-him"> recently ranked third</a> on the Apple podcasts 2024 list, which showed he might not be number one on every platform outside of Spotify.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/41945480/spotify-technology-rallies-after-earnings-ample-capacity-for-capital-returns">Spotify Technology Rallies After Earnings: &#8216;Ample Capacity For Capital Returns&#8217;</a></li>
</ul>
Photo: Shutterstock

Global

Sony Group Corporation American Depositary Shares

SONY

UMGNF

UNVGY

2024 Was World's Taylor Swift Era Once Again: Spotify Reveals Top Artists, Songs, Albums, Podcasts

On Monday, Cathie Wood&#8217;s Ark Invest made significant moves in its portfolio, notably involving Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) and Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>).
The Spotify Trade
Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) ETFs offloaded shares of Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). The ARKF ETF sold 2,408 shares, while the ARKW ETF sold a more substantial 7,614 shares. Based on Spotify&#8217;s closing price of $480.27 on the day of the trade, the total value of the sold shares amounts to approximately $4.8 million.
This move comes days after Spotify&#8217;s recent launch of <a href="https://www.benzinga.com/24/11/42195174/spotify-introduces-marketing-tools-for-audiobook-authors">Spotify for Authors</a>, a new set of tools aimed at authors and publishers who distribute their audiobooks on its platform. Furthermore, <a href="https://www.benzinga.com/insights/options/24/11/41811361/spotlight-on-spotify-technology-analyzing-the-surge-in-options-activity">a surge in options activity</a> was observed for Spotify, indicating a bullish stance from investors with significant capital.
The Pinterest Trade
Conversely, Ark Invest&#8217;s ARKF and ARKW ETFs bought shares of Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>). The ARKF ETF purchased 37,519 shares, and the ARKW ETF acquired a whopping 118,619 shares. Given Pinterest&#8217;s closing price of $30.43 on the day of the trade, the total value of the purchased shares is approximately $4.7 million.
This purchase follows Pinterest&#8217;s third-quarter earnings report, which revealed a <a href="https://www.benzinga.com/news/earnings/24/11/41827920/pinterest-q3-earnings-revenue-beat-eps-miss-soft-guidance-ai-investments-paying-off-and-more">revenue beat, an EPS miss, and soft guidance</a>. Despite the mixed results, Pinterest&#8217;s investments in AI appear to be paying off, with total revenue up 18% YoY and global monthly active users increasing by 11% YoY.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42258934/dogecoin-bounces-9-after-bernie-sanders-views-align-with-elon-musks-doge-department?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Bounces 9% After Bernie Sanders&#8217; Views Align With Elon Musk&#8217;s &#8216;DOGE&#8217; Department</a>
Other Key Trades:
<ul>
<li>Wood&#8217;s Ark purchased 4,012 shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) for its ARKF fund. The transaction was valued at $569,944.</li>
<li>ARKG sold stock of Senti Biosciences Inc (SNTI) and shares of Butterfly Network Inc (BFLY)</li>
<li>ARKG bought shares of Absci Corp (ABSI) and shares of Pacific Biosciences of California Inc (PACB). ARKX sold shares of Garmin Ltd (GRMN).</li>
</ul>
Image via Benzinga YouTube and Unsplash
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42256519/shiba-inu-soars-to-eight-month-high-up-13-as-meme-coins-rally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Soars To Eight-Month High, Up 13% as Meme Coins Rally</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

ETFs

ARKF

ARKW

PINS

Cathie Wood's Monday Moves: $4.8M Spotify Stock Sale Meets $4.7M Pinterest Shopping Spree

Canaccord Genuity analyst Maria Ripps maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and raises the price target from $525 to $560.

Price Target

Canaccord Genuity Maintains Buy on Spotify Technology, Raises Price Target to $560

Joe Rogan's podcast is among the most listened to in the world but for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) users, the podcaster ranked third in 2024, despite having one of the most listened to episodes with his Donald Trump interview <a href="https://www.benzinga.com/news/24/10/41561452/trump-to-joe-rogan-biggest-mistake-was-trusting-bad-and-disloyal-people">before the 2024 election.</a>
What Happened: Rogan <a href="https://www.benzinga.com/markets/equities/24/02/36914209/spotify-inks-multiyear-deal-with-podcast-king-joe-rogan-amid-shifting-strategy">renewed a multi-year deal</a> with Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) earlier this year, which comes after four years of exclusivity with the music company and huge listener figures put up year after year.
Unlike past agreements with Spotify, Rogan's podcast "The Joe Rogan Experience" is no longer exclusive to Spotify and Rogan is free to share episodes on other platforms like Apple, Amazon and YouTube, the video platform owned by Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Some listeners love the video aspect that shows Rogan and the interviewee, so videos and clips on <a href="https://www.youtube.com/@joerogan">YouTube </a>have often generated millions of views.
Rogan's interview with Trump before the 2024 election has 51 million views on YouTube, compared to Rogan's 18.6 million YouTube subscriber figure. Interviews with J.D. Vance and Elon Musk before the 2024 election each have 18 million viewers.
While Rogan will likely rank as the top listened-to podcast on Spotify, the same can't be said for Apple podcasts. Apple recently <a href="https://www.apple.com/newsroom/2024/11/apple-shares-the-most-popular-podcasts-of-2024/">shared </a>its list of top podcast rankings for 2024.
Here are the top shows on Apple podcasts:
<ol>
<li>The Daily</li>
<li>Crime Junkie</li>
<li>The Joe Rogan Experience</li>
<li>Dateline NBC</li>
<li>SmartLess</li>
<li>Huberman Lab</li>
<li>This American Life</li>
<li>New Heights with Jason &amp; Travis Kelce</li>
<li>Up First From NPR</li>
<li>Morbid</li>
</ol>
While many consider Rogan the new media, he failed to beat out the podcast from legacy media company The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), which is <a href="https://www.nytimes.com/column/the-daily" target="_blank" rel="noopener">behind </a>"The Daily." The show, hosted by Michael Barbaro and Sabrina Tavernise, lasts around 20 minutes a day, five days a week.
"Crime Junkie," a weekly true crime podcast, also surpassed Rogan on Apple's year-end rankings.
"The Tucker Carlson Show" ranked first as the top new show on Apple podcasts.
Rogan's interview with Trump, titled #2219, ranked as the second top episode for Apple, trailing the Crime Junkie episode "SERIAL KILLER: The Alphabet Murders Part 1." The episode was also the fifth most shared Apple podcast for the year.
Tucker Carlson held the title for the most shared podcast episode with &#8220;Calley &amp; Casey Means: The Truth About Ozempic, the Pill, and How Big Pharma Keeps You Sick.&#8221;
A "Call Her Daddy" podcast episode with presidential candidate Kamala Harris was the year&#8217;s ninth most shared Apple podcast episode.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent112724">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The podcast rankings are only for Apple, and Rogan will likely top the Spotify annual list when it is released before the end of the year. No longer being exclusive could allow Rogan&#8217;s content to be accessed from multiple platforms, potentially broadening his audience while distributing viewership and listenership across various channels.
Despite being the most followed show on Apple Podcasts, &#8220;The Joe Rogan Experience&#8221; did not secure the top spot in the platform&#8217;s year-end rankings. This outcome is unexpected, especially considering the podcast&#8217;s high-profile guests, including former President Donald Trump.
While &#8216;The Daily&#8217; releases five episodes a week, Rogan typically puts out four. However, Rogan's interviews are significantly longer, often lasting several hours, compared to the shorter format of &#8216;The Daily.&#8217;
Rogan&#8217;s ranking among the top-listened-to podcasts on multiple platforms and generating millions of views on YouTube show that his popularity is not slowing down.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/11/42024571/joe-rogan-says-harris-avoided-podcast-due-to-one-issue">Joe Rogan Says Harris Avoided Podcast Due To One Issue</a></li>
</ul>
Photo: Featureflash Photo Agency/Shutterstock.com

AAPL

Joe Rogan's Trump Podcast Episode Couldn't Land Him Top Spot On Apple

Deep-pocketed investors have adopted a bearish approach towards Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SPOT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Spotify Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 65% bearish. Among these notable options, 6 are puts, totaling $1,065,572, and 14 are calls, amounting to $1,021,660.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $540.0 for Spotify Technology over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Spotify Technology's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Spotify Technology's whale activity within a strike price range from $240.0 to $540.0 in the last 30 days. 
<h3>Spotify Technology 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732643206_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$46.2</td>
<td>$45.25</td>
<td>$46.2</td>
<td>$470.00</td>
<td>$693.0K</td>
<td>22</td>
<td align="right">150</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$53.15</td>
<td>$52.5</td>
<td>$52.5</td>
<td>$460.00</td>
<td>$315.0K</td>
<td>429</td>
<td align="right">100</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$53.0</td>
<td>$52.0</td>
<td>$52.0</td>
<td>$460.00</td>
<td>$197.6K</td>
<td>429</td>
<td align="right">40</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$61.7</td>
<td>$58.7</td>
<td>$61.0</td>
<td>$500.00</td>
<td>$122.0K</td>
<td>153</td>
<td align="right">121</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$43.95</td>
<td>$40.5</td>
<td>$42.15</td>
<td>$440.00</td>
<td>$92.7K</td>
<td>2.5K</td>
<td align="right">3</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
After a thorough review of the options trading surrounding Spotify Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Spotify Technology Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,263,121, the SPOT's price is down by -0.16%, now at $480.61. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 70 days.</li>
</ul>
<h3>What Analysts Are Saying About Spotify Technology</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $474.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from TD Cowen persists with their Hold rating on Spotify Technology, maintaining a target price of $416. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Spotify Technology, maintaining a target price of $470. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Spotify Technology with a target price of $475. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Spotify Technology, targeting a price of $490. 
&#x2A; An analyst from Benchmark has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $520. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Spotify Technology, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In SPOT Options

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) launched Spotify for Authors, a new set of tools for authors and publishers who distribute their audiobooks <a target="_blank" href="https://newsroom.spotify.com/2024-11-26/audiobook-authors-and-publishers-get-a-new-suite-of-tools-with-the-launch-of-spotify-for-authors/" rel="noreferrer noopener">on its platform.</a>
Much like&nbsp;Spotify for Artists&nbsp;and&nbsp;Spotify for Creators, Spotify for Authors will help writers and publishers track insights and analytics about their audiobooks and catalogs&#8217; consumption on the service and access a set of promotional tools.
For publishers, Spotify for Authors expands on the catalog management and royalty reporting currently offered in Passport.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42191062/manchester-united-q3-earnings-revenue-falls-89-as-broadcasting-takes-a-hit-cost-cuts-stay-on-track-reaffirms-2025-guidance" rel="noreferrer noopener">Manchester United Q1 Earnings: Revenue Falls 8.9% As Broadcasting Takes A Hit, Cost Cuts Stay On Track, Reaffirms 2025 Guidance</a>
It provides insights and analytics to help them better understand their audiences and catalog consumption on Spotify. The platform also provides promotional tools to help publishers enhance their presence on Spotify and expand their listener bases.
For authors invited by publishers, Spotify for Authors offers direct access to industry-leading insights, growth, and promotional tools to help them grow their listeners and catalogs. These include aggregated age and gender demographics, redemption codes to share royalty-free copies of titles with reviewers, superfans, and collaborators, promo cards to generate professional and shareable social assets, and early access to author profiles.
Spotify stock surged 155% year-to-date.
The company reported <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/11/41920955/spotify-stock-climbs-despite-q3-eps-revenue-misses" rel="noreferrer noopener">third-quarter sales</a> of $3.99 billion (versus $3.65 billion a year ago), which missed the analyst consensus estimate of $4.02 billion. EPS of $1.46 missed the analyst consensus estimate of $1.76.
The company reported monthly average user (MAU) net additions of 14 million. Premium subscribers grew 12% to 252 million.
Investors can gain exposure to Spotify through Global X Social Media ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOCL#NASDAQ">SOCL</a>) and First Trust International Equity Opportunities ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FPXI#NASDAQ">FPXI</a>).
Price Action: SPOT stock was flat at $481.38 at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/tech/24/11/42190945/microsoft-service-disruption-hits-outlook-and-teams-thousands-report-issues" target="_blank" rel="noreferrer noopener">Microsoft Service Disruption Hits Outlook And Teams, Thousands Report Issues</a></li>
</ul>
Photo by esthermm on Shutterstock.

FPXI

SOCL

Spotify Introduces Marketing Tools For Audiobook Authors

The value of global music copyright surged to $45.5 billion in 2023, marking an 11% increase from the <a href="https://www.benzinga.com/topic/business-of-music">previous year.</a>
This reflects the growing economic strength of music rights, which were valued at $25 billion in 2014. If current trends continue, music copyright could double in value over a decade.
<h3 class="wp-block-heading">Record Labels And Streaming: Key Drivers Of Growth</h3>
According to economist Will Page&#8216;s annual industry report (<a href="https://www.billboard.com/pro/global-music-copyright-value-worth-2023-will-page/">via </a>Billboard), record labels accounted for the largest share of the music copyright market, generating $28.5 billion in 2023—a 21% year-over-year increase.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41915913/apple-music-launched-a-450-limited-edition-coffee-table-book-100-best-albums">Apple Music Launched A $450 Limited-Edition Coffee Table Book: &#8216;100 Best Albums&#8217;</a>
Streaming continued to dominate revenue sources, with a 10.4% growth rate. Physical music sales also performed strongly, as vinyl sales rose 15.4%, outpacing CDs in many regions. Page predicted vinyl could become a $3 billion industry by 2028, driven by higher unit prices and global demand.
Major publicly traded record labels such as Universal Music Group NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UMGNF#OTC">UMGNF</a>), Warner Music Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>), and Sony Group Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) Sony Music Entertainment were among the primary beneficiaries of these trends. 
UMG, for instance, reported $3.2 billion in Q3 2024 revenue, showing strong performance fueled by streaming and physical sales.
<h3 class="wp-block-heading">Shifting Dynamics In Songwriter Royalties</h3>
Moreover, collective management organizations (CMOs), which collect royalties on behalf of songwriters and publishers, saw revenues rise by 11% to $12.9 billion in 2023. Digital collections from CMOs have now surpassed those from broadcast and radio, reflecting the dominance of streaming platforms over traditional media.
However, publishers are increasingly turning to direct licensing agreements, bypassing CMOs to avoid administrative delays and fees. 
"A song that spikes in mid-March, for example, takes 201 days to pay the artist and 383 days to pay the songwriter," Page explained. These delays can erode a third of songwriter revenue due to transaction costs.
<h3 class="wp-block-heading">Music Surpasses Cinema</h3>
The music industry's recovery following the pandemic has enabled it to overtake cinema in terms of economic output. In 2023, music was 38% larger than cinema, a stark contrast to 2019 when cinema led by 33%. 
Music copyright figures reflect trade revenue that benefits rights holders, while cinema's $33.2 billion box office revenues are divided between distribution and production.
Companies like Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), which operate in recorded music and live performance sectors, have capitalized on this momentum.
<h3 class="wp-block-heading">Streaming&#8217;s Global Trade Advantage</h3>
Streaming platforms have created new opportunities for artists from regions with lower royalty rates. North America and Europe, which account for 80% of streaming revenue growth, provide significantly higher payouts compared to Latin America and Asia. 
For example, Colombian artists like J. Balvin and Shakira earned nearly $100 million from U.S. streams in 2023, six times what they would have generated in their home country.
Publicly traded streaming platforms such as Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) and Tencent Music Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) play a crucial role in this dynamic. Spotify benefits from premium subscription revenues in high-value markets, while Tencent Music caters to large audiences in Asia with a range of streaming and social entertainment services.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/11/41923867/spotify-stock-climbs-despite-q3-eps-revenue-misses">Spotify Stock Climbs Despite Q3 EPS Miss, Revenue Beat (CORRECTED)</a></li>
</ul>
Cover image made using artificial intelligence via Dall-E.

General

Streaming, Vinyl Propel Music Copyright Value To $45.5 Billion

Investors with a lot of money to spend have taken a bullish stance on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 25 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 68% bullish and 16%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $163,255, and 20 are calls, for a total amount of $809,694.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $720.0 for Spotify Technology over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Spotify Technology's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Spotify Technology's whale activity within a strike price range from $180.0 to $720.0 in the last 30 days. 
<h3>Spotify Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732135795_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$57.8</td>
<td>$48.9</td>
<td>$54.35</td>
<td>$720.00</td>
<td>$119.5K</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$142.9</td>
<td>$137.4</td>
<td>$140.5</td>
<td>$330.00</td>
<td>$70.2K</td>
<td align="right">420</td>
<td align="right">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.1</td>
<td>$11.7</td>
<td>$12.1</td>
<td>$650.00</td>
<td>$60.5K</td>
<td align="right">81</td>
<td align="right">50</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$5.45</td>
<td>$5.0</td>
<td>$5.45</td>
<td>$480.00</td>
<td>$52.8K</td>
<td align="right">176</td>
<td align="right">232</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$9.45</td>
<td>$9.25</td>
<td>$9.25</td>
<td>$480.00</td>
<td>$43.4K</td>
<td align="right">155</td>
<td align="right">48</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
<h3>Spotify Technology's Current Market Status</h3>
<ul>
<li>With a volume of 1,737,074, the price of SPOT is up 1.71% at $471.76. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 76 days.</li>
</ul>
<h3>Professional Analyst Ratings for Spotify Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $500.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Spotify Technology with a target price of $460. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Spotify Technology with a target price of $515. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Spotify Technology with a target price of $520. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Spotify Technology, maintaining a target price of $530. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $475. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Spotify Technology options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Spotify Technology's Latest Options Trends

Contracts

OPRA

Opera, Spotify Announce Partnership; Spotify Becomes The Default Streaming Service Within Upgraded Music Player In Opera One Browser

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>MicroStrategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock gained 25.97% last week amid the sharp rise in Bitcoin&#8217;s (CRYPTO: BTC/USD) price.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares escalated 24.53% after the company reported better-than-expected&nbsp;third-quarter results and several analysts revised <a href="https://www.benzinga.com//node/41950175" target="_blank" rel="noreferrer noopener">their price targets on the stock</a>.</li>
<li>Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) gained 20.80% last week. Wells Fargo maintained an Overweight rating on the stock and raised its <a href="https://www.benzinga.com/quote/afrm/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $52 to $55</a>.</li>
<li>Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) stock upped 16.22% after announcing <a href="https://www.benzinga.com//node/41971559" target="_blank" rel="noreferrer noopener">fourth-quarter results</a>. Analysts raised the <a href="https://www.benzinga.com/quote/dis/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) stock upped 14.39% after the company reported better-than-expected&nbsp;third-quarter&nbsp;earnings and <a href="https://www.benzinga.com//node/41950852" target="_blank" rel="noreferrer noopener">analysts boosted price targets.</a></li>
<li>Jack Dorsey&#8217;s Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) stock increased by 13.06%. Several analysts raised their <a href="https://www.benzinga.com/quote/sq/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> on the stock.</li>
<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares gained 12.97% last week. The company recently announced it acquired on-chain payments platform Utopia Labs. A sharp rise in Bitcoin price also played a part.</li>
<li>Palantir Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) stock upped 12.64%. The company announced it renewed its multi-year enterprise agreement with Rio Tinto for an additional four years of access to its AI platform. It also plans to transfer its stock <a href="https://www.benzinga.com//node/42010539" target="_blank" rel="noreferrer noopener">exchange listing to the Nasdaq</a>.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) shares increased 11.82% &nbsp;after the company reported third-quarter&nbsp;results and raised its FY25 revenue<a href="https://www.benzinga.com//node/41889889" target="_blank" rel="noreferrer noopener"> guidance&nbsp;above estimates</a>.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares rose 11.37% after the company reported <a href="https://www.benzinga.com//node/41964319" target="_blank" rel="noreferrer noopener">third-quarter&nbsp;financial results</a>.</li>
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Photo by Useacoin on Shutterstock

Large Cap

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MSTR

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Shopify, Disney And Coinbase Were Among Top 10 Large Cap Gainers Last Week (November 11-15): Are The Others In Your Portfolio?

Popular podcaster Joe Rogan hosted Donald Trump, J.D. Vance and Trump ally Elon Musk in separate interviews on his popular podcast during the campaign season, which may have helped Trump <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">win the presidential election</a>.
But a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41370777/trump-harris-consider-joe-rogan-podcast-could-spotify-ride-2024-election-wave-analy">proposed podcast between</a> Rogan and presidential candidate Kamala Harris never came to fruition and there are new details on why it didn&#8217;t happen.
What Happened: Rogan <a href="https://www.benzinga.com/news/24/11/41734989/joe-rogan-endorses-trump-as-elon-musk-presents-compelling-case-for-ex-president-heres-what-the-duo-d">endorsed Trump for president</a> and his conversations with Trump and Vance were viewed as long free-flowing conversations that may have helped voters have new views on the campaign team that ultimately won the 2024 election race.
A key driver of subscribers for Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), "The Joe Rogan Experience" podcast is one of the most listened to podcasts around the world and its popularity can help provide name awareness for people like political candidates.
In a recent episode of the podcast, Rogan said that one of the reasons the Harris team did not agree to the vice president appearing on the podcast was wanting to have stipulations on topics that were off-limits.
"I think they had requirements on things that she didn't want to talk about. She didn't want to talk about marijuana legalization, which I thought was hilarious," Rogan said on the recent episode. &nbsp;
Rogan alleged that Harris' team didn't want to upset progressive voters, as <a href="https://nypost.com/2024/11/13/us-news/joe-rogan-claims-harris-wanted-to-avoid-marijuana-legalization/">reported</a> by the New York Post.
The popular podcaster said Harris' team reached out to Rogan's team about a potential interview after news reports of Trump agreeing to a sit down with Rogan surfaced. Scheduling did not work out between Rogan's team and Harris' team, with the podcaster saying he wanted to shoot the episode at the studio in Texas.
Another demand from the Harris team was to limit the sit-down interview to around one hour, instead of the typical three hours for Rogan interviews. Not going to the studio in Texas is said to have been the dealbreaker for Rogan.
"They had, I don't know how many conversations with my folks, but multiple conversations giving different dates, different times, different this, different that, and we knew that she was going to be in Texas, so I said, ‘open invitation.'"
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent111524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Harris <a href="https://www.benzinga.com/markets/cannabis/24/11/41752800/kamala-harris-promises-to-legalize-recreational-marijuana-in-groundbreaking-instagram-post">supported marijuana legalization </a>ahead of the 2024 presidential election, but her team may have worried where the conversation would lead and if progressive voters would be upset about the election issue.
Rogan's recent guest comedian Adrienne Iapalucci asked Rogan why her team wouldn't want to talk about cannabis.
"Because of her prosecuting record,&#8221; Rogan said. "She put a lot of people in jail for weed."
The comments were in reference to Harris' past time serving as the California attorney general and San Francisco district attorney.
While its unknown how many downloads the podcast with Trump has on Spotify, the video upload on YouTube has around 50 million views.
Harris may have not wanted to talk about marijuana on "The Joe Rogan Experience," but she did make reference to it during one of her appearance on "The Howard Stern Show."
Harris <a href="https://www.benzinga.com/markets/cannabis/24/10/41270606/kamala-harris-advises-on-howard-stern-show-dont-get-stoned-before-visiting-the-sphere-in-las-veg" target="_blank" rel="noreferrer noopener">told talk show host</a> Howard Stern that she attended a U2 concert at the Las Vegas Sphere with husband Doug Emhoff earlier this year.
&#8220;Oh my god, have you been to the Sphere?&#8221; Harris asked Stern. &#8220;It&#8217;s extraordinary. You&#8217;re sitting there and it&#8217;s almost like Disneyland or Disneyworld where things just start to change around you and you feel like you lose sense of gravity. It&#8217;s really phenomenal.&#8221;
Harris also encouraged anyone attending a concert or film at the Las Vegas Sphere to go in &#8220;with a clear head&#8221; and not to be high.
&#8220;There&#8217;s a lot of visual stimulation.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/11/41752565/if-you-invested-1-000-in-tesla-stock-the-first-time-elon-musk-was-on-the-joe-rogan-podcast-here">If You Invested $1,000 In Tesla Stock The First Time Elon Musk Was On The Joe Rogan Podcast, Here&#8217;s How Much You&#8217;d Have Now</a></li>
</ul>
Image: YouTube

Joe Rogan Says Harris Avoided Podcast Due To One Issue

Editor&#8217;s Note: This story has been updated with a confirmation from ValueAct Holdings.
ValueAct Holdings, L.P. reported holdings worth $3.9 billion in the September quarter after it disclosed major changes in its 13F filing for the third quarter of current fiscal. 
What Happened: One of the major changes in its holdings during Q3 was the addition of 211,500 shares of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for $121.07 million, representing 3.08% of its total portfolio.
ValueAct Holdings is a hedge fund popularly known for its activist strategies, run by chief executive officer, Mason Morfit. An activist hedge fund usually follows an event-driven strategy and acquires sufficient equity to influence a company's policies, to increase company value. ValueAct has a long history of investing in technology companies and is generally considered to be more constructivist and collaborative than other activist funds.
A ValueAct spokesperson confirmed to <a href="http://pro.benzinga.com">Benzinga</a> that the firm has built a $1 billion stake in Meta.
In 2022, Brad Gerstner&#8216;s Altimeter Capital targeted Meta, urging the company to reduce its workforce. Gerstner articulated his concerns in <a href="https://www.benzinga.com/news/22/10/29380959/meta-investor-proposes-curb-on-employees-strength-metaverse-spending">a letter titled &#8220;Time to Get Fit.</a>
ValueAct fund's specific intentions remain unclear, but CEO Morfit is reportedly supportive of Meta CEO Mark Zuckerberg&#8217;s strategic focus on advancing artificial intelligence initiatives, <a href="https://www.cnbc.com/2024/11/12/activist-valueact-has-1-billion-stake-in-meta-sources-say.html">according</a> to CNBC.
Why It Matters: According to its Q3 <a href="https://13f.info/13f/000141881224000021/compare/000141881224000017">13F filing</a>, ValueAct has acquired a passive stake in the parent company of Facebook, Instagram and WhatsApp, namely, Meta. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. The hedge fund also increased its investment in <a href="https://www.benzinga.com/m-a/24/01/36471982/disney-partners-with-valueact-capital-for-strategic-counsel-in-anticipation-of-2024-shareholder-meet">The Walt Disney Co</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) by adding 1.33 million shares taking its total value to $718.04 million in ValueAct&#8217;s portfolio.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42001972/chinese-retail-sales-pickup-in-october-heres-whats-happening-with-alibaba-jd-and-pinduoduo-shares">Chinese Retail Sales Pickup In October: Here&#8217;s What&#8217;s Happening With Alibaba, JD And Pinduoduo Shares</a>
Other Key Changes To The Portfolio
Apart from adding Meta, ValueAct has made some major changes to its portfolio which consists of ten holdings. The fund has increased its stake in the American video game developer Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) by adding 7.83 million shares in Q3. It now represents 8.81% of ValueAct&#8217;s portfolio, having a total value of $448.62 million.
Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Liberty Media Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVK#NASDAQ">LLYVK</a>) are other new holdings that ValueAct has added to its portfolio.
The hedge fund also reduced 806.96 thousand shares in Expedia Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) and completely exited Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), Finserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) and Flutter Entertainment PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>).
Read next: &nbsp;<a href="https://www.benzinga.com/general/market-summary/24/11/41968003/gold-drops-to-a-two-month-low-as-investors-turn-to-bitcoin-after-trumps-victory-but-this-economist-remains-confident-that-gold-will-surge" target="_blank" rel="noreferrer noopener">Gold Drops To A Two-Month Low As Investors Turn To Bitcoin After Trump's Victory, But This Economist Remains Confident That ‘Gold Will Surge'</a>
Image via Wikimedia Commons

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Activist Hedge Fund ValueAct Boosts Meta Stake With $121M Bet, But CEO Morfit Supports Mark Zuckerberg's AI Vision: Here's What Investors Should Know (Updated)

The Joe Rogan Experience or JRE premiered exclusively on Spotify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) in Sept. 2020 as part of a <a href="https://www.benzinga.com/news/22/02/25708354/joe-rogans-deal-with-spotify-worth-at-least-double-of-what-was-previously-reported-nyt">multi-year deal</a> reportedly valued at $200 million. This deal wasn&#8217;t just big news for podcasting fans—it was a major moment for investors, too.
Rogan&#8217;s Impact On Spotify&#8217;s Growth
Spotify's exclusive deal with Rogan was a bet that paid off in multiple ways. Since the partnership, podcast consumption on the platform skyrocketed by 232%, according to the company.
Advertisers took notice, fueling a 2023 revenue increase of 80% since 2021. Rogan's show, consistently the world's most-streamed podcast, played a major role in turning Spotify into a podcasting giant.
Rogan&#8217;s podcast also held the top spot on <a href="https://www.benzinga.com/general/entertainment/23/11/36004998/joe-rogan-tops-spotifys-2023-podcasts-list-once-again-deal-likely-to-expire-in-2024-a-major">Spotify&#8217;s podcast chart</a> for the fourth year in a row in 2023.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41959787/tradepulse-power-inflow-alert-spotify-technology-s-a-climbs-over-5-after-tradepulse-alert">Tradepulse Power Inflow Alert: Spotify Technology S.A. Climbs Over 5% After Tradepulse Alert</a>
How $1,000 Invested In Spotify Has Grown
If you had invested $1,000 in Spotify stock on Sept. 1, 2020 — the day Rogan's show debuted exclusively on the platform — that investment would now be worth approximately $1,696.
This represents a solid return of 69.7%, outpacing the broader market indexes. For context, the S&amp;P 500 rose 68.7%, and the Nasdaq Composite gained 60% over the same period.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="626" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191145/newplot-4-1.png" alt="" class="wp-image-649260" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191145/newplot-4-1.png 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191145/newplot-4-1-300x216.png 300w" sizes="(max-width: 626px) 100vw, 626px" /><figcaption class="wp-element-caption">Value of a $1,000 investment in Spotify stock, versus the S&amp;P 500 and Nasdaq, respectively, from Sept. 1, 2020, to Nov. 14, 2024.</figcaption></figure>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191325/newplot-8.jpeg" alt="" class="wp-image-649262" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191325/newplot-8.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191325/newplot-8-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">SPOT&#8217;s price trajectory since JRE debuted on the platform</figcaption></figure>
A New Chapter For JRE And Spotify
Earlier this year, Spotify renewed its partnership with Rogan, but the show will <a href="https://www.benzinga.com/markets/equities/24/02/36914209/spotify-inks-multiyear-deal-with-podcast-king-joe-rogan-amid-shifting-strategy">no longer be exclusive</a> to the platform, expanding to Apple, Amazon, and Google&#8217;s YouTube.
Earlier this month, Spotify released its <a href="https://www.benzinga.com/general/entertainment/24/11/41920955/spotify-stock-climbs-despite-q3-eps-revenue-misses">third-quarter financial results</a> reporting earnings of $1.46 per share, which fell short of the analyst consensus of $1.76.
Quarterly revenue came in at $3.99 billion, missing the expected $4.02 billion but reflecting an increase from $3.65 billion in the same quarter last year.
SPOT Price Action: Spotify shares ended Thursday&#8217;s session up 2.17%, closing at $477.50. In after-hours trading, however, the stock dipped slightly, settling at $476 as of the latest update, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/24/11/41941113/these-analysts-increase-their-forecasts-on-spotify-following-q3-earnings">These Analysts Increase Their Forecasts On Spotify Following Q3 Earnings</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

If You Dropped $1,000 On Spotify When Joe Rogan's Show Became An Exclusive, Here's How Much You'd Have Today

Hedge Funds

ValueAct Holdings' Q3 2024 13F Filing Reveals Full Exits From Spotify, Fiserv, KKR & Co., New York Times With 1.34M Shares, And Flutter Entertainment

WIIM

Spotify Technology shares are trading higher after Goldman Sachs and Canaccord Genuity maintained buy ratings on the stock and raised their respective price targets.

Hartford International Growth Fund Q3 2024 Commentary

Spotify: Why Next Year May Be Different

The digital content creation market is exploding, fueled by technological innovations and global internet access. With platforms like Spotify (SPOT), Tencent Music (TME), and Gannett (GCI) leading the charge, the creator economy is ripe for disruption. These giants are perfectly positioned to cash in on this booming trend. Read on… The digital content creation industry is soaring to new heights. Thanks to the explosion of internet usage across the globe, technological innovations, and the increasing appetite of adults for consuming content digitally, the landscape has transformed dramatically. This surge shows no sign of slowing down.
Amid this backdrop, investors could scoop up shares of fundamentally stable digital content creator stocks, Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>), Tencent Music Entertainment Group (<a href="https://stocknews.com/stock/TME/">TME</a>), and Gannett Co., Inc. (<a href="https://stocknews.com/stock/GCI/">GCI</a>). These companies are poised to benefit from the continuous rise of digital content consumption.
Digital content creation is taking the world by storm, capturing attention in ways we have never seen before. The rise of videos, images, and interactive formats is undeniably magnetic. People are glued to their screens, unable to resist the allure of fresh, dynamic media that speaks volumes without words.
But the real game-changer? The internet. This is where the magic happens. According to Dataportal, a staggering <a href="https://datareportal.com/global-digital-overview">5.52 billion people</a> were using the internet at the start of October 2024. That's an overwhelming 67.5% of the world's population now connected, a figure that is only expected to rise.
This global web connection has made digital content consumption the norm. In fact, <a href="https://www.pewresearch.org/journalism/fact-sheet/social-media-and-news-fact-sheet/">over 54% of U.S. adults</a> now turn to social media for news, as highlighted by Pew Research. This shift is a clear sign of how content is now consumed—on the go, across platforms, and often within the palm of our hands.
With no sign of slowing down, the digital content creation market is on track for explosive growth. Verified Market Research predicts it will reach an eye-popping $181.4 billion by 2030. The market is set to expand at <a href="https://www.verifiedmarketresearch.com/product/digital-content-creation-market/">a CAGR of 25.7%</a>, making this an exciting space to watch.
Now let us dive deep into the fundamentals of three digital content creator stocks, starting with #3.
Stock #3: Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>)
Headquartered in Luxembourg City, Luxembourg, SPOT provides audio streaming subscription services. The company has two segments: Premium and Ad-Supported. It also offers sales, distribution and marketing, contract research and development, and customer and other support services.
On November 26, SPOT announced the launch of <a href="https://newsroom.spotify.com/2024-11-26/audiobook-authors-and-publishers-get-a-new-suite-of-tools-with-the-launch-of-spotify-for-authors/">Spotify for Authors</a>, a platform designed to provide authors and publishers with better tools and data to maximize their success on SPOT.
With this launch, SPOT is expected to strengthen its position in the audiobook market, contributing to its overall expansion and enhancing its growth prospects.
On November 6, SPOT <a href="https://newsroom.spotify.com/2024-11-06/emirates-and-spotify-partner-to-take-inflight-entertainment-to-new-heights/">announced a partnership</a> with Emirates to include SPOT's curated playlists and podcasts to Emirates' award-winning ice system. The partnership expands the company's global reach and content offerings and facilitates SPOT's growth prospects and global expansion.
For the fiscal third quarter that ended September 30, 2024, SPOT's revenue increased 18.8% year-over-year to €3.99 billion ($4.22 billion). Its gross profit rose 40.1% from the year-ago value to €1.24 billion ($1.31 billion). Moreover, the company's <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased significantly year-over-year to €454 million ($479.93 million).
In addition, net income and EPS attributable to owners of the parent rose 361.5% and 339.4% from the prior year's quarter to €300 million ($317.14 million) and €1.45.
Analysts expect SPOT's revenue and EPS for the fiscal year ending December 2025 to rise 14.8% and 56.8% from the prior year to reach $18.73 billion and $9.56, respectively.
Shares of SPOT have surged 53.5% over the past six months and 150.2% over the past year, closing the last trading session at $498.63.
SPOT's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
SPOT has an A grade for Growth and a B for Quality. Within the <a href="https://stocknews.com/category/entertainment-radio/">Entertainment – Radio</a> industry, SPOT is ranked #2 out of 4 stocks.
Beyond what is stated above, we have also given SPOT grades for Momentum, Value, Sentiment, and Stability. Get all SPOT ratings <a href="https://stocknews.com/stock/SPOT/">here</a>.
Stock #2: Tencent Music Entertainment Group (<a href="https://stocknews.com/stock/TME/">TME</a>)
Based in Shenzhen, China, TME provides music streaming, online karaoke, and live streaming services through its online music entertainment platforms. The company's other offerings inlcude QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live.
Earlier this year, TME announced the renewal of a <a href="https://ir.tencentmusic.com/2024-01-03-Tencent-Music-Entertainment-Group-and-Universal-Music-Group-Extend-Multi-year-Strategic-Licensing-Agreement">multi-year strategic licensing agreement</a> with Universal Music Group (UMG), a music-based entertainment company. Through this partnership, TME has gained access to UMG's music catalog for its platforms, expanding its offerings and driving user growth.
For the fiscal 2024 third quarter that ended September 30, TME's revenues increased 6.8% year-over-year to $1 billion. Its gross profit rose 27.7% from the year-ago value to $426 million. Moreover, the company's operating profit grew 50.5% from the prior year's quarter to $306 million.
Additionally, TME's non-IRFS net profit and EPS for Class A and Class B ordinary shares increased 29.1% and 31.8% year-over-year to $276 million and $0.08, respectively.
Street expects TME's revenue and EPS for the fiscal fourth quarter ending December 2024 to increase 4.9% and 28.2% year-over-year to $1.00 billion and $0.18, respectively. In addition, the company topped the consensus revenue estimates in all four trailing quarters.
TME's shares surged 32.7% over the past nine months and 54.9% over the past year to close the last trading session at $12.55.
TME's POWR Ratings mirror its fundamentals. Within the <a href="https://stocknews.com/category/entertainment-media-producers/">Entertainment - Media Producers</a> industry, TME is ranked #6 out of 13 stocks.
<a href="https://stocknews.com/stock/TME/">Click here</a> to access TME's ratings for Quality, Value, Momentum, Growth, Sentiment, and Stability.
Stock #1: Gannett Co., Inc. (<a href="https://stocknews.com/stock/GCI/">GCI</a>)
GCI is a media and marketing solutions company that operates through three segments: Domestic Gannett Media; Newsquest; and Digital Marketing Solutions. The company offers digital-only subscription, community events platform, magazines, sports, and games etc.
On December 5, GCI's USA TODAY announced the release of its <a href="https://gannett2023cr.q4web.com/news/news-details/2024/Inaugural-USA-TODAY-Movie-Meter-Announced/default.aspx">USA TODAY Movie Meter</a>, a platform that engages movie enthusiasts to rate which film deserves the "Film of the Year" designation. By driving user growth through its new offerings, GCI is expected to strengthen its position and enhance its growth prospects.
On September 16, GCI <a href="https://gannett2023cr.q4web.com/news/news-details/2024/Gannett-and-BetMGM-Announce-Multi-Year-Partnership/default.aspx">announced a multi-year strategic partnership</a> with BetMGM, a sports betting and iGaming operator. Through this agreement, BetMGM will serve as the preferred online sportsbook and casino partner for USA TODAY Sports, providing sports betting odds and betting information.
With the rise of sports betting, the partnership is set to bring in new users to GCI's platform while also expanding its offerings and bringing in new income streams.
For the fiscal 2024 third quarter that ended September 30, GCI's total revenues came in at $612.44 million. Its adjusted EBITDA increased 5.6% year-over-year to $62.88 million. As of September 30, 2024, GCI's cash and cash equivalents stood at $101.80 million, compared to $100.18 million on December 31, 2023.
For the fiscal year ending December 2025, analysts expect GCI's revenue to come in at $2.51 billion.
Shares of GCI have surged 25.1% over the past six months and 181.4% over the past year to close the last trading session at $5.29.
GCI's prospects are reflected in its POWR Ratings. The stock has a B grade for Growth and Value.
Within the B-rated <a href="https://stocknews.com/category/entertainment-publishing/">Entertainment - Publishing</a> industry, GCI is ranked #5 out of 7 stocks. <a href="https://stocknews.com/stock/GCI/">Click here</a> to access its Momentum, Quality, Sentiment, and Stability ratings.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
<hr />
SPOT shares closed at $498.63 on Friday, up $5.12 (+1.04%). Year-to-date, SPOT has gained 165.36%, versus a 29.08% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/spot-tme-gci-3-digital-content-creators-monetizing-the-creator-economy/>3 Digital Content Creators Monetizing the Creator Economy</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Digital Content Creators Monetizing the Creator Economy

High-beta stocks are perfect for aggressive investors, amplifying profits during bull markets and delivering exceptional returns in favorable economic conditions. Therefore, Spotify Technology (SPOT), HCA Healthcare (HCA), and DoorDash (DASH) could be smart buying opportunities right now. Read on to learn more... High-beta stocks often shine during bull markets, delivering exceptional returns to investors ready to embrace risk. These stocks, typically from emerging or high-growth sectors, are ideal for aggressive growth strategies. With their volatility and rapid price swings, they appeal to those seeking short-term gains.
Hence, aggressive investors might consider high-beta picks like Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>), HCA Healthcare, Inc. (<a href="https://stocknews.com/stock/HCA/">HCA</a>), and DoorDash, Inc. (<a href="https://stocknews.com/stock/DASH/">DASH</a>), all boasting a 60-month beta above 1.50.
Economic activity has seen modest expansion across most regions since early October, with moderate expectations across sectors. Despite persistent inflation, markets are anticipating a <a href="https://www.reuters.com/markets/us/us-economy-grew-slightly-recent-weeks-fed-survey-says-2024-12-04/">quarter-point rate cut</a>, with current rates at 4.50%-4.75% and further reductions expected to bolster the economy. Businesses remain optimistic about improved demand in the near term, despite ongoing challenges.
Meanwhile, the current <a href="https://www.marketwatch.com/story/the-bull-market-is-nearing-its-second-birthday-heres-why-it-will-likely-continue-52738815">bull market</a> offers favorable conditions for investors. Historically, bull markets lasting two years often extend into the third year, though risks like inflation and geopolitical tensions may influence future performance. For aggressive investors, high-beta stocks, which react significantly to market movements and amplify profits during economic booms, present an attractive opportunity.
With these favorable trends in mind this December, let's analyze the fundamental aspects of the three high-beta picks.
Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>)
Based in Luxembourg, Luxembourg, SPOT and its subsidiaries provide audio streaming services worldwide. They operate through two segments: Premium and Ad-Supported.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a>, SPOT's 1.66x is 236.4% higher than the 0.49x industry average. Also, its trailing-12-month Return on Common Equity and Return on Total Assets of 20.70% and 6.64% are 387.4% and 284% higher than the industry averages of 4.25% and 1.673%, respectively.
For the third quarter ending September 30, 2024, SPOT's revenue increased by 18.8% year-over-year to €3.99 billion ($4.19 billion). The company's gross profit rose 40.1% from the prior-year period to €1.24 billion ($1.30 billion). During the same period, its net income attributable to owners of the parent was €300 million ($315.25 million) or €1.45 per share, up 361.5% and 339.4% year-over-year, respectively.
For the quarter ending December 31, 2024, SPOT's revenue is expected to increase 9.9% year-over-year to $4.34 billion. Its EPS for the quarter ending March 31, 2025, is expected to increase 81.3% year-over-year to $1.88. SPOT's stock has gained 167.4% year-to-date to close the last trading session at $502.38. Its 60-month beta is 1.61.
SPOT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Quality. It is ranked #2 out of 4 stocks in the <a href="https://stocknews.com/category/entertainment-radio/">Entertainment - Radio</a> industry. Beyond what we stated above, we have also rated SPOT for Value, Momentum, Stability, and Sentiment. Get all ratings of SPOT <a href="https://stocknews.com/stock/SPOT/">here</a>.
HCA Healthcare, Inc. (<a href="https://stocknews.com/stock/HCA/">HCA</a>)
HCA and its subsidiaries, provide healthcare services in the United States. It operates general and acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.
In terms of the trailing-12-month EBITDA margin, HCA's 19.75% is 245.9% higher than the 5.71% industry average. Likewise, its 5.96% trailing-12-month levered FCF margin is 172.3% higher than the 2.19% industry average. Furthermore, its 1.22x trailing-12-month asset turnover ratio is 193.9% higher than the 0.42x industry average.
During the fiscal third quarter that ended September 30, 2024, HCA's revenues increased 7.9% year-over-year to $17.49 billion. Its adjusted net income attributable to HCA was $1.27 billion, up 18.1% from the prior-year quarter, while its adjusted earnings per share rose 25.3% year-over-year to $4.90. Additionally, its adjusted EBITDA grew to $3.27 billion from the year-ago value.
Street expects HCA's EPS and revenue for the quarter ending December 31, 2024, to increase 4.4% and 5.4% year-over-year to $6.16 and $18.23 billion, respectively. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 26% to close the last trading session at $324.09. Its 60-month beta is 1.64.
It's no surprise that HCA has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has a B grade for Value, Stability, and Quality. Within the B-rated <a href="https://stocknews.com/category/hospitals/">Medical - Hospitals</a> industry, it is ranked #3 out of 10 stocks. To access additional grades for HCA's Growth, Momentum, and Sentiment ratings, <a href="https://stocknews.com/stock/HCA/">click here</a>.
DoorDash, Inc. (<a href="https://stocknews.com/stock/DASH/">DASH</a>)
DASH is a global platform that links merchants, consumers, and contractors, offering marketplaces (DoorDash, Wolt), membership products (DashPass), delivery fulfillment (Drive), and e-commerce tools (Storefront, Bbot) to support order fulfillment, customer acquisition, and digital ordering solutions.
On November 26, 2024, DASH Canada and Walmart Canada announced a nationwide partnership, enabling on-demand delivery of groceries and general merchandise from over 300 Walmart Supercentres across 10 provinces. The collaboration provides Canadians with affordable, convenient shopping options through DASH's app and website.
On November 18, 2024, DASH announced new holiday features, including a redesigned shopping experience, gifting options with personalized notes, and discounts on DashPass for SNAP/EBT recipients. The platform also introduced bundled multi-store orders, holiday deals, and exclusive partnerships to simplify and save time on shopping and gifting this season.
In terms of the trailing-12-month gross profit margin, DASH's 48.78% is 28.3% higher than the 38.04% industry average. Also, its 18.31% trailing-12-month levered FCF margin is 296.3% higher than the 4.62% industry average.
In the fiscal third quarter that ended on September 30, 2024, DASH's revenues increased 25% year-over-year to $2.71 billion. Its income from operations was $107 million, compared to a loss from operations of $108 million in the year-ago quarter.
Similarly, its net income attributable to DASH and net income per share attributable to Class A and Class B stockholders stood at $162 million and $0.38, respectively, compared to a net loss and net loss per share of $73 million and $0.19 in the year-ago quarter.
Analysts expect DASH's revenue for the quarter ending December 31, 2024, to increase 23.1% year-over-year to $2.84 billion. Its EPS for the same quarter is expected to grow 122.1% year-over-year to $0.93. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, DASH's stock has gained 79.8% to close the last trading session at $176.88. Its 60-month beta is 1.70.
DASH's POWR Ratings reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Sentiment and Quality. It is ranked #8 out of 24 stocks in the <a href="https://stocknews.com/category/internet-services/">Internet - Services</a> industry. To see DASH's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/DASH/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SPOT shares were trading at $490.51 per share on Thursday afternoon, down $11.87 (-2.36%). Year-to-date, SPOT has gained 161.03%, versus a 29.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/spot-hca-dash-3-high-beta-stocks-for-aggressive-investors/>3 High-Beta Stocks for Aggressive Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Beta Stocks for Aggressive Investors

JPMorgan analyst Doug Anmuth raised the firm's price target on Spotify to $555 from $530 and keeps an Overweight rating on the shares. Despite cont...

Spotify price target raised to $555 from $530 at JPMorgan

J.P. Morgan analyst Doug Anmuth maintained a Buy rating on Spotify Technology SA (SPOT – Research Report) today and set a price target of $555.00. ...

J.P. Morgan Sticks to Their Buy Rating for Spotify Technology SA (SPOT)

Morgan Stanley analyst Benjamin Swinburne raised the firm's price target on Spotify to $550 from $460 and keeps an Overweight rating on the shares....

Spotify price target raised to $550 from $460 at Morgan Stanley

Morgan Stanley changed its top media and entertainment pick from Spotify (SPOT) to Disney (DIS) heading into 2025. The firm keeps an Overweight rat...

Morgan Stanley swaps Spotify for Disney as top media pick into 2025

J.P. Morgan picks out top stocks for broader internet going into 2025

Morgan Stanley publishes top stocks for broader advertising and media going into 2025

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