Closing Bell Overtime: Big Earnings Hit the Tape 10/25/22
Closing Bell
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The Stock Is Down About Six Bucks or So Not the Nine That I Suggested Originally
Average revenue per user did fall short of analyst projections i just spoke with spotify ceo daniel eck and cfo paul vogol they said that while they saw some weakness in advertising in the third quarter. Advertising is a minor part of their business just about 13 percent does offer an advantage to spotify now. In the last two years they've done more than 46 price increases in markets around the world many which are in markets that have worse inflation and economic issues than the u.s.
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