Spotify Empowers Creators With New Partner Program - What's On The Cards?
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Spotify Partner Program Launch: Spotify has introduced the Spotify Partner Program in the U.S., U.K., Canada, and Australia, allowing creators to monetize their content through audience-driven payouts and ad revenue, enhancing their earnings and listener experience.
User Growth and Financial Performance: Despite a 12% growth in premium subscribers to 252 million and a reported third-quarter sales of $3.99 billion, Spotify's earnings per share fell short of analyst expectations, while its shares saw a slight increase of 1.56%.
Analyst Views on SOCL
Wall Street analysts forecast SOCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOCL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 56.400
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Current: 56.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
