L'intérêt à découvert pour Spotify Technology donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Spotify Technology. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Spotify Technology (NYSE:SPOT) Stock, Rapport sur les intérêts à découvert

Spotify Technology

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.

Spotify Technology SA

SPOTIFY TECHNOLOGY ORD

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

SiriusXM (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siri#NASDAQ">SIRI</a>) finds itself at a critical juncture in 2024. The satellite radio giant has experienced a dramatic 56.8% decline in its stock price year to date, underperforming the broader Zacks Consumer Discretionary sector&#39;s return of 4.9% and raising questions about its future prospects and whether this presents a prime buying opportunity for astute investors.
SiriusXM&#39;s recent stock decline due to market volatility, interest rate concerns and digital media disruption arguably offers an attractive entry point for value investors. The strategic acquisition of Pandora has catapulted SiriusXM to the forefront of audio entertainment, boasting an unparalleled North American listener base exceeding 100 million. This merger combines SiriusXM&#39;s robust subscription model with Pandora&#39;s lucrative ad-based platform, creating a diversified revenue stream. The synergistic alliance enables cross-platform content distribution, potentially amplifying user engagement, advertiser appeal, and content creator attraction. With its enhanced scale, diverse content portfolio, and dual-model approach, SiriusXM is uniquely positioned to capitalize on the evolving digital audio landscape, offering substantial growth potential for long-term investors.
<h2>Year-to-Date Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f9/79824.jpg?v=382191643" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
<h2>SIRI Expands Horizons in the Digital Audio Landscape</h2>
Despite a challenging stock performance, SiriusXM continues to demonstrate resilience and adaptability in the evolving audio entertainment landscape. The company&#39;s core business remains robust, with a dominant position in the in-vehicle audio entertainment space reinforced by long-standing partnerships with major automakers like Toyota and Ford. As the automotive industry shifts toward electric and autonomous vehicles, SiriusXM has strategically positioned itself as a key player in the future of in-car entertainment and information services.
SiriusXM&#39;s expansion beyond traditional satellite radio has been a game-changer. The company&#39;s investments in streaming capabilities and exclusive podcast content have allowed it to compete more effectively with pure-play streaming services. This diversification strategy has successfully tapped into younger demographics and expanded the subscriber base beyond car owners.
A significant milestone in this expansion was the launch of SiriusXM Podcasts+ in August. This new subscription service, available directly in Apple Podcasts, offers ad-free listening, exclusive bonus content and early access to new episodes of popular shows. The service includes high-profile podcasts like SmartLess and Last Podcast on the Left, among others. This move not only enhances SiriusXM&#39;s podcast offerings but also strengthens its position in the competitive podcast market.
The integration of artificial intelligence and machine learning into SiriusXM&#39;s platform has significantly improved its personalization capabilities. This technological advancement has enhanced user experience, increased listener engagement and improved retention rates. The ability to offer tailored content recommendations has become a key differentiator for SiriusXM in the crowded audio entertainment market.
From a valuation perspective, SiriusXM&#39;s current stock price presents an intriguing opportunity for long-term investors. The company&#39;s forward 12-month price-to-earnings (P/E) ratio of 7.05 is significantly below the Zacks Broadcast Radio and Television industry average of 28.57. While this discounted valuation could reflect market concerns, it also suggests a potential upside if the company continues to execute its growth strategy successfully.
<h2>SIRI&#39;s P/E F12M Ratio Depicts Discounted Valuation</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/79826.jpg?v=511534816" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
Looking ahead, SiriusXM is well-positioned to capitalize on emerging trends in the audio entertainment industry. The company&#39;s investments in voice-activated technology and integration with smart home devices are opening new avenues for growth. Moreover, SiriusXM&#39;s exploration of interactive and visual elements to complement its audio offerings could revolutionize consumer engagement with radio content.
SiriusXM&#39;s commitment to exclusive content remains a strong selling point. Recent high-profile deals with popular podcasters like Alex Cooper and musicians, including Coldplay, Eric Church, and Jelly Roll, have further enriched its content library, appealing to a diverse audience.
While challenges persist, including navigating the evolving landscape of digital rights and royalties, SiriusXM&#39;s management has demonstrated adaptability and forward-thinking leadership. The company&#39;s efforts to streamline its technology infrastructure and embrace cloud-based solutions are expected to yield operational efficiencies and cost savings in the coming years.
Despite a projected 2.19% year-over-year decline in revenues for 2024, with the Zacks Consensus Estimate pegged at $3.25 billion, the consensus estimate for earnings has moved up by 3.8% to $3.25 per share over the past 30 days. This suggests growing optimism about SiriusXM&#39;s profitability, even in a challenging market environment.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/53/79825.jpg?v=426833867" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
<h2>Tesla to Spotify: SIRI&#39;s Rivals Spell Trouble</h2>
Sirius XM faces intense competition in an increasingly competitive and rapidly evolving audio entertainment landscape, raising concerns about its future viability.
SiriusXM&#39;s traditional stronghold &mdash; the automotive sector &mdash; is facing unprecedented disruption. The rise of electric vehicles (EVs) and autonomous driving technology has opened the door for tech giants and innovative startups to challenge SiriusXM&#39;s once-unassailable position in in-car entertainment. Tesla, for instance, has been equipping its vehicles with its own entertainment system, bypassing traditional satellite radio altogether.
The streaming audio market, once viewed as a complementary service to SiriusXM&#39;s core business, has now become an existential threat. Spotify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>), Apple&nbsp;Music and Amazon Music have continued to expand their user bases, offering personalized playlists, exclusive content and seamless integration across multiple devices.
While SiriusXM has invested heavily in podcast content and technology, it faces fierce competition from dedicated podcast platforms like Spotify and Apple Podcasts, as well as newcomers like Substack and Patreon, which offer creators more control and monetization options.
<h2>Conclusion</h2>
While SiriusXM&#39;s stock performance so far in 2024 has been disappointing, the company&#39;s strong market position, innovative strategies and dual-model approach make it an intriguing option for investors with a longer time horizon. The current dip in stock price could indeed represent a buying opportunity for those who believe in the company&#39;s ability to navigate the changing media landscape and capitalize on emerging technologies. SiriusXM currently sports a Zacks Rank #1 (Strong Buy).
<a href="https://www.zacks.com/stock/news/2344059/siriusxm-stock-tanks-56-8-year-to-date-time-to-buy-the-dip?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2344059">To read this article on Zacks.com click here.</a>

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Mid Cap

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Offerings

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Markets

Analyst Ratings

Trading Ideas

SIRI

SPOT

SiriusXM Stock Tanks 56.8% Year to Date: Time to Buy the Dip?

Whales with a lot of money to spend have taken a noticeably bullish stance on Spotify Technology.
Looking at options history for Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) we detected 26 trades.
If we consider the specifics of each trade, it is accurate to state that 65% of the investors opened trades with bullish expectations and 19% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $183,371 and 21, calls, for a total amount of $1,184,260.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $290.0 to $550.0 for Spotify Technology over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Spotify Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Spotify Technology's substantial trades, within a strike price spectrum from $290.0 to $550.0 over the preceding 30 days.
<h3>Spotify Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727727339_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$11.2</td>
<td>$10.1</td>
<td>$10.92</td>
<td>$410.00</td>
<td>$428.5K</td>
<td>1.6K</td>
<td style="text-align: right;">397</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$33.75</td>
<td>$27.9</td>
<td>$30.55</td>
<td>$300.00</td>
<td>$60.9K</td>
<td>94</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.4</td>
<td>$6.0</td>
<td>$6.4</td>
<td>$430.00</td>
<td>$51.2K</td>
<td>95</td>
<td style="text-align: right;">161</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$21.9</td>
<td>$21.3</td>
<td>$21.55</td>
<td>$390.00</td>
<td>$47.4K</td>
<td>3.6K</td>
<td style="text-align: right;">390</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$21.5</td>
<td>$20.7</td>
<td>$21.25</td>
<td>$390.00</td>
<td>$46.7K</td>
<td>3.6K</td>
<td style="text-align: right;">224</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.
Having examined the options trading patterns of Spotify Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Spotify Technology's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,399,235, the SPOT's price is down by -0.18%, now at $368.53. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 43 days.</li>
</ul>
<h3>What Analysts Are Saying About Spotify Technology</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $394.0.
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; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $340. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $340. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Spotify Technology, targeting a price of $440. 
&#x2A; Consistent in their evaluation, an analyst from Pivotal Research keeps a Buy rating on Spotify Technology with a target price of $510. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $340. 
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

This Is What Whales Are Betting On Spotify Technology

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Neutral and maintains $340 price target.

Price Target

Reiteration

Cantor Fitzgerald Reiterates Neutral on Spotify Technology, Maintains $340 Price Target

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) recovered from a close to three-hour-long outage on Sunday.
Over 40,000 users reported service disruption at 9:30 pm ET on Sunday, <a target="_blank" href="https://downdetector.com/status/spotify/" rel="noreferrer noopener">as per</a> Downdetector.
Spotify acknowledged the issue and wrote on X, "We're aware of some issues right now and are checking them out!"
At 11:06 pm ET, Spotify said, "Everything's looking much better now!"
<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">Everything's looking much better now! Give<a href="https://twitter.com/SpotifyCares?ref_src=twsrc%5Etfw">@SpotifyCares</a> a shout if you still need help.
&mdash; Spotify Status (@SpotifyStatus) <a href="https://twitter.com/SpotifyStatus/status/1840445436471210314?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39918528/spotifys-q2-margin-gains-record-free-cash-flow-and-strong-subscriber-growth-highlight-successful-exe" rel="noreferrer noopener">Spotify's Q2 Margin Gains, Record Free Cash Flow And Strong Subscriber Growth Highlight Successful Execution In Music And Podcasts: JP Morgan Analyst</a>
After the fix, some users still complained on X, and the company asked the users to reinstall or update the app.
Close to 62% of the users faced issues related to the app, with 26% facing audio streaming problems. 12% of users faced website issues.
Spotify's Total MAUs (Monthly Active Users) rose <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39902936/spotifys-q2-earnings-revenue-grows-20-as-premium-revenue-surge-drives-higher-average-revenue-per-us" rel="noreferrer noopener">14%&nbsp;to 626&nbsp;million</a> in the fiscal second quarter of 2024. It reported 246 million Premium subscribers, adding 7 million, for the quarter. Ad-supported MAUs grew 15% to 393 million.
Spotify expects third-quarter revenue of $4.31 billion (4.0 billion euros) versus&nbsp;a consensus of $4.37 billion&nbsp;and total MAUs of 639 million.&nbsp;
Price action:&nbsp;SPOT stock is up 0.33% at $370.43 at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/08/40470764/spotify-boasts-395-surge-in-anime-music-streams-teams-up-with-crunchyroll" target="_blank" rel="noreferrer noopener">Spotify Boasts 395% Surge In Anime Music Streams, Teams Up With Crunchyroll</a></li>
</ul>
Photo by esthermm on Shutterstock

Eurozone

Tech

Spotify Recovers After 3-Hour Outage Impacting Thousands of Users

UAE President Sheikh Mohamed bin Zayed al-Nahyan will meet President Joe Biden in Washington on Monday. The discussion will focus on artificial intelligence cooperation as the UAE seeks easier access to <a href="https://www.benzinga.com/news/24/09/40980215/joe-biden-set-to-welcome-uae-president-for-talks-on-ai-cooperation-during-sheikh-mohamed-bin-zayed-a" target="_blank" rel="noreferrer noopener">advanced U.S.-made technology</a>.
ChatGPT maker&nbsp;OpenAI&nbsp;has pitched President Biden‘s administration for the expansion of data centers that consume the equivalent amount of&nbsp;energy <a target="_blank" href="https://www.benzinga.com/news/24/09/41020113/sam-altmans-openai-pushes-biden-administration-for-massive-5gw-data-centers-equivalent-to-output-of" rel="noreferrer noopener">to power three million households</a>.
The Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) has announced a strike against League of Legends after accusing Formosa Interactive of attempting to undermine the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/41035114/sag-aftra-strikes-league-of-legends-contractor-riot-games-responds-lol-has-nothing-to-do-with-the-" rel="noreferrer noopener">ongoing&nbsp;video game industry strike</a>.
Gaming, Streaming Platform &amp; Music
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) celebrates PlayStation&#8217;s 30th anniversary with limited-edition PS5 consoles and accessories, inspired by the 1994 original. Pre-orders for the 30th Anniversary PS5 Slim bundle and <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40985116/playstation-30th-anniversary-ps5-slim-bundle-price-revealed-heres-what-itll-cost-you" rel="noreferrer noopener">DualSense controller open on September 26</a>.
Sony announced the PlayStation Plus lineup for October 2024, featuring WWE 2K24, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/41030256/playstation-plus-october-lineup-revealed-wwe-2k24-dead-space-more" rel="noreferrer noopener">Dead Space Remake, and more</a>.
Minecraft players are recreating New York City on a 1:1 scale, including iconic landmarks like the Brooklyn Bridge and Battery Park. The build is 68% complete, with thousands of contributors and <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40990487/minecraft-players-bring-new-york-city-to-life-check-out-stunning-images-of-digital-replica" rel="noreferrer noopener">room for more to join the project</a>.
Ubisoft admitted Star Wars Outlaws underperformed, prompting a delay for Assassin's Creed Shadows<a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/41053665/ubisoft-faces-challenges-star-wars-outlaws-sales-struggles-assassins-creed-shadows-delay-employee-" rel="noreferrer noopener"> and a shift in its release strategy</a>.
Canadian game developer&nbsp;SkyBox&nbsp;Labs has laid off 25 employees,&nbsp;citing &#8220;unprecedented challenges&#8221; despite its success <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/41012154/netease-owned-skybox-labs-slashes-workforce-due-to-unprecedented-challenges" rel="noreferrer noopener">with titles like Halo Infinite and Minecraft</a>.
Steam set a new record with 38,366,479 concurrent players, driven by titles like Black Myth: Wukong. With Call of Duty: Black Ops 6 launching next month, reaching 40 million <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40986379/how-steam-reached-38-million-concurrent-players-a-new-milestone" rel="noreferrer noopener">concurrent players seems within reach</a>.
Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) expands its AI Playlist beta to U.S., Canada and elsewhere, allowing Premium users to create custom <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/41009103/spotifys-ai-playlist-now-available-in-us-other-countries-heres-how-it-works" rel="noreferrer noopener">playlists via text descriptions</a>.
Read: <a target="_blank" href="https://www.benzinga.com/24/09/41017755/iphone-16-pro-max-camera-fails-to-top-the-global-rankings-chart-huawei-rules-the-roost" rel="noreferrer noopener">iPhone 16 Pro Max Camera Fails To Top The Global Rankings Chart, Huawei Rules The Roost</a>
Tech YouTuber&nbsp;Marques Brownlee, popularly known as&nbsp;MKBHD,&nbsp;has reviewed the&nbsp;iPhone 16&nbsp;and&nbsp;iPhone 16 Pro&nbsp;models launched by Apple. He also announced<a target="_blank" href="https://www.benzinga.com/news/24/09/40998105/marques-brownlee-reviews-apples-iphone-16-and-launches-new-app-this-is-the-most-unfinished-ive-ever" rel="noreferrer noopener"> the launch of his new app,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40998105/marques-brownlee-reviews-apples-iphone-16-and-launches-new-app-this-is-the-most-unfinished-ive-ever" rel="noreferrer noopener">Panels</a>.
Brownlee responded&nbsp;to the&nbsp;criticism surrounding&nbsp;his newly launched wallpaper app,&nbsp;Panels, related to pricing<a target="_blank" href="https://www.benzinga.com/news/24/09/41020589/tech-youtuber-mkbhd-responds-after-facing-massive-backlash-over-his-new-12-a-month-wallpaper-app" rel="noreferrer noopener"> and "excessive data disclosures."</a>
X, formerly known as&nbsp;Twitter, has published its initial transparency report on Wednesday since&nbsp;Elon Musk&nbsp;took over the company. The report highlights content moderation actions taken in the first half of the year. X <a target="_blank" href="https://www.benzinga.com/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv" rel="noreferrer noopener">suspended nearly 5.3 million accounts</a>.
Smartphone &amp; Technology
Apple Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NYSE">AAPL</a>) has discontinued the&nbsp;iPhone 15 Pro,&nbsp;iPhone&nbsp;15 Pro Max, and&nbsp;iPhone 13&nbsp;models, along with other products,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why" rel="noreferrer noopener">as part of its annual&nbsp;product streamlining</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/09/40975696/are-big-iphone-overhauls-a-thing-of-the-past-apple-shifts-focus-to-software-upgrades-in-new-smartpho" rel="noreferrer noopener">Are Big iPhone Overhauls A Thing Of The Past? Apple Shifts Focus To Software Upgrades In New Smartphone Lineup As Major Redesigns Take Backseat</a>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is gearing up to&nbsp;announce that its AI chatbot&nbsp;will reportedly be able to mimic the voices of celebrities such <a target="_blank" href="https://www.benzinga.com/news/24/09/40996713/metas-ai-chatbot-to-mimic-voices-of-celebrities-like-judi-dench-and-john-cena-heres-what-mark-zucker" rel="noreferrer noopener">as</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40996713/metas-ai-chatbot-to-mimic-voices-of-celebrities-like-judi-dench-and-john-cena-heres-what-mark-zucker" rel="noreferrer noopener">&nbsp;Judi Dench</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40996713/metas-ai-chatbot-to-mimic-voices-of-celebrities-like-judi-dench-and-john-cena-heres-what-mark-zucker" rel="noreferrer noopener">,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40996713/metas-ai-chatbot-to-mimic-voices-of-celebrities-like-judi-dench-and-john-cena-heres-what-mark-zucker" rel="noreferrer noopener">John Cena</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40996713/metas-ai-chatbot-to-mimic-voices-of-celebrities-like-judi-dench-and-john-cena-heres-what-mark-zucker" rel="noreferrer noopener">, and others</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41046013/metas-ai-breakthroughs-dominate-connect-event-as-analyst-highlights-affordable-mixe" rel="noreferrer noopener">Meta&#8217;s AI Breakthroughs Dominate Connect Event As Analyst Highlights Affordable Mixed-Reality Push</a>
Meta CEO&nbsp;Mark Zuckerberg&nbsp;has reportedly moved his political ideologies from activism to regret, <a target="_blank" href="https://www.benzinga.com/news/24/09/41019754/mark-zuckerberg-has-given-up-on-politics-after-a-barrage-of-backlash-against-meta-and-himself-heres" rel="noreferrer noopener">leaning towards classic liberalism</a>.
Meta introduces its new prototype holographic AR glasses called &#8220;Orion.&#8221;
The newest version of Meta&#8217;s Quest VR headset <a target="_blank" href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get" rel="noreferrer noopener">will come packed with features for $299.99</a>.
Meta unveiled a new AI-powered translation tool to redefine the way users interact with&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/09/41040344/from-lip-syncing-to-dubbing-mark-zuckerberg-led-metas-new-ai-translation-tool-for-instagram-and-face" rel="noreferrer noopener">Instagram</a><a target="_blank" href="https://www.benzinga.com/news/24/09/41040344/from-lip-syncing-to-dubbing-mark-zuckerberg-led-metas-new-ai-translation-tool-for-instagram-and-face" rel="noreferrer noopener">&nbsp;and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/41040344/from-lip-syncing-to-dubbing-mark-zuckerberg-led-metas-new-ai-translation-tool-for-instagram-and-face" rel="noreferrer noopener">Facebook Reels</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/09/41054106/meta-analysts-highlight-ai-vr-advances-see-growth-pushing-it-toward-apple-like-valuation" rel="noreferrer noopener">Meta Analysts Highlight AI, VR Advances, See Growth Pushing It Toward Apple-Like Valuation</a>
An executive from the cybersecurity firm&nbsp;CrowdStrike Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) faced questioning from House lawmakers regarding a global <a target="_blank" href="https://www.benzinga.com/news/24/09/41016947/crowdstrike-executive-struck-by-regret-in-house-hearing-says-company-determined-to-prevent-instances" rel="noreferrer noopener">technology&nbsp;outage that occurred in July.</a>
Google&nbsp;by&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) lodged a complaint with the European Commission on Wednesday, alleging&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) of anti-competitive <a target="_blank" href="https://www.benzinga.com/news/24/09/41025160/google-files-eu-complaint-against-microsoft-over-cloud-practices" rel="noreferrer noopener">practices in its cloud services</a>.
GV, the venture capital division of&nbsp;Google, has invested in a Finnish startup,&nbsp;Distance Technologies, which is working on integrating mixed-reality technology <a target="_blank" href="https://www.benzinga.com/news/24/09/41047567/googles-gv-invests-11m-in-finnish-startup-revolutionizing-mixed-reality-tech-for-car-windshields-and" rel="noreferrer noopener">into car windshields and airplane cockpits</a>.
Artificial Intelligence (AI)
Jeff Bezos-backed&nbsp;Perplexity AI,&nbsp;a&nbsp;startup challenging&nbsp;Google, is in discussions with top brands like&nbsp;Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) <a target="_blank" href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to" rel="noreferrer noopener">and</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to" rel="noreferrer noopener"> Marriott International</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to" rel="noreferrer noopener"> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</a>.
Google and&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are joining forces to launch an AI assistant for drivers, leveraging<a target="_blank" href="https://www.benzinga.com/news/24/09/40999545/google-and-volkswagen-team-up-to-launch-ai-assistant-that-can-even-change-a-flat-tire" rel="noreferrer noopener"> Google's advanced technology</a>.
Apple design legend&nbsp;Sir Jony Ive&nbsp;has confirmed his collaboration with&nbsp;OpenAI CEO&nbsp;Sam Altman, <a target="_blank" href="https://www.benzinga.com/news/24/09/40973399/apples-former-design-maestro-jony-ive-confirms-hes-joined-forces-with-openais-sam-altman-for-a-new-a" rel="noreferrer noopener">on a new&nbsp;AI hardware project</a>.
OpenAI plans to transition from being controlled by a nonprofit board to a new structure. This change aims to make the company <a target="_blank" href="https://www.benzinga.com/news/24/09/41043358/sam-altman-poised-for-10-5b-payday-as-openai-transitions-to-for-profit-model-with-150b-valuation-on" rel="noreferrer noopener">more appealing to outside investors</a>.
OpenAI's CTO&nbsp;Mira Murati&nbsp;has&nbsp;announced her departure&nbsp;from&nbsp;ChatGPT-parent, following the exit of several <a target="_blank" href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon" rel="noreferrer noopener">high-profile members of the company</a>.
OpenAI&nbsp;is reportedly transitioning from a non-profit to a&nbsp;for-profit benefit corporation.&nbsp;Sam Altman&nbsp;could receive equity <a target="_blank" href="https://www.benzinga.com/news/24/09/41038183/openais-restructure-from-non-profit-to-potential-150b-for-profit-sam-altman-could-get-equity" rel="noreferrer noopener">in the newly structured company</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40994909/elon-musks-x-bled-users-to-bluesky-in-uk-since-the-tech-mogul-started-posting-things-like-civil-war" rel="noreferrer noopener">Elon Musk&#8217;s X Bled Users To Bluesky In UK Since The Tech Mogul Started Posting Things Like &#8216;Civil War Is Inevitable&#8217; — Rise Of Social Media Echo Chambers Inevitable?</a>

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Consumer Tech News (Sept 23- Sept 27): OpenAI pitched President Biden For Expansion Of Data Centers, Apple Discontinued iPhone 15 And 13 Models & More

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) <a href="https://newsroom.spotify.com/2024-09-24/ai-playlist-expanding-usa-canada-ireland-new-zealand/">expanded</a> its AI Playlist feature to new regions, giving Premium subscribers in the U.S., Canada, Ireland and New Zealand access to a text-based <a href="https://www.benzinga.com/general/entertainment/23/01/30289843/spotifys-time-capsule-lets-you-capture-your-playlist-in-a-bottle-now-and-revisit-it-a-year-">playlist creation tool. </a>
Launched in the U.K. and Australia earlier this year, the beta feature is now available to more users as Spotify continues refining its AI-driven service.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40470764/spotify-boasts-395-surge-in-anime-music-streams-teams-up-with-crunchyroll">Spotify Boasts 395% Surge In Anime Music Streams, Teams Up With Crunchyroll</a>
The AI Playlist, accessible within Spotify's mobile app, allows users to create customized playlists by simply describing what they want to hear. 
Subscribers can find this new tool by tapping the "+" button at the top right of their library and selecting "AI Playlist" from the drop-down menu. From there, they can describe their desired playlist, such as "spooky songs for Halloween" or "upbeat music for a workout."
As the service evolves, Spotify's AI continues to "actively learn and iterate with each exchange," according to an official statement from the company. 
<h1 class="wp-block-heading">How It Works</h1>
When users submit a text description, the AI generates a playlist of 30 songs, which can be further refined based on feedback. The tool recognizes descriptions of genres, moods, decades or specific artists.
The AI Playlist beta is currently available only on Spotify's mobile app, leaving desktop and web app users waiting for future updates.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39969370/whats-next-for-spotify-more-price-hikes-could-be-coming-after-strong-q2-performance">What&#8217;s Next For Spotify? More Price Hikes Could Be Coming After Strong Q2 Performance</a></li>
</ul>
Photo: Shutterstock.

Entertainment

General

Spotify's AI Playlist Now Available In US, Other Countries: Here's How It Works

Investors with a lot of money to spend have taken a bearish 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 17 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 17% bullish and 70%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $436,454, and 10 are calls, for a total amount of $532,220.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $290.0 and $410.0 for Spotify Technology, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Spotify Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Spotify Technology's substantial trades, within a strike price spectrum from $290.0 to $410.0 over the preceding 30 days.
<h3>Spotify Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727189155_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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$14.55</td>
<td>$13.55</td>
<td>$14.55</td>
<td>$360.00</td>
<td>$132.4K</td>
<td>21</td>
<td style="text-align: right;">281</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$84.5</td>
<td>$82.35</td>
<td>$83.8</td>
<td>$300.00</td>
<td>$125.7K</td>
<td>1.8K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$66.3</td>
<td>$58.65</td>
<td>$60.92</td>
<td>$330.00</td>
<td>$121.8K</td>
<td>1.3K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$14.55</td>
<td>$13.55</td>
<td>$14.55</td>
<td>$360.00</td>
<td>$78.5K</td>
<td>21</td>
<td style="text-align: right;">352</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$14.55</td>
<td>$13.55</td>
<td>$14.65</td>
<td>$360.00</td>
<td>$58.3K</td>
<td>21</td>
<td style="text-align: right;">189</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.
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>Currently trading with a volume of 682,133, the SPOT's price is up by 0.8%, now at $371.95. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 28 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 $418.0.
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 Keybanc has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $440. 
&#x2A; Consistent in their evaluation, an analyst from Pivotal Research keeps a Buy rating on Spotify Technology with a target price of $510. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Spotify Technology, maintaining a target price of $460. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $340. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $340. 
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.

Spotify Technology's Options: A Look at What the Big Money is Thinking

Spotify Says AI Playlist In English Rolling Out In Beta To Premium Users On Android & iOS Devices In The U.S., Canada, Ireland, & New Zealand

Investors with a lot of money to spend have taken a bearish 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 11 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 54%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $312,552, and 4 are calls, for a total amount of $198,826.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $270.0 to $500.0 for Spotify Technology during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $270.0 to $500.0 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/2024/1726861623_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$27.65</td>
<td>$27.1</td>
<td>$27.65</td>
<td>$360.00</td>
<td>$102.3K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">45</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$18.5</td>
<td>$18.3</td>
<td>$18.5</td>
<td>$320.00</td>
<td>$70.3K</td>
<td style="text-align: right;">138</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$32.2</td>
<td>$31.65</td>
<td>$32.15</td>
<td>$380.00</td>
<td>$48.2K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$14.55</td>
<td>$14.4</td>
<td>$14.4</td>
<td>$370.00</td>
<td>$43.2K</td>
<td style="text-align: right;">125</td>
<td style="text-align: right;">34</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$32.3</td>
<td>$31.6</td>
<td>$32.25</td>
<td>$380.00</td>
<td>$41.9K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">30</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.
<h3>Present Market Standing of Spotify Technology</h3>
<ul>
<li>With a volume of 826,486, the price of SPOT is up 1.52% at $365.69. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 32 days.</li>
</ul>
<h3>What Analysts Are Saying About Spotify Technology</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $437.5.
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; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Spotify Technology with a target price of $460. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Spotify Technology with a target price of $440. 
&#x2A; Maintaining their stance, an analyst from Pivotal Research continues to hold a Buy rating for Spotify Technology, targeting a price of $510. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $340.
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>.

Spotlight on Spotify Technology: Analyzing the Surge in Options Activity

Spotify Technology S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) has seen its stock skyrocket 83% year to date, significantly outperforming the 23.4% rally of the industry.
As of the last trading session, the stock closed at $343.97, close to its 52-week high of $359.38. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/78520.jpg?v=1712636320" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
Given the continuous strength in SPOT shares, investors may wonder if there is still an opportunity to invest in the stock. Let&#39;s take a closer look.
<h2>SPOT&#39;s Strong Growth Driven by Price Hikes, Podcast Gains</h2>
Spotify investors have many reasons to be optimistic when it comes to the company&#39;s financial results. Its premium subscriber revenues, which account for approximately 88% of total revenues, play a crucial role in its financial performance. Ad-supported revenues contribute the remaining 12%.
Premium subscribers grew 12%, and ad-supported monthly active users (MAUs) increased 15% in the second quarter of 2024. The growth in total MAU was also noteworthy, with a 14% year-over-year increase. Spotify increased its gross profit by 45% year over year, expanding its gross margin by 510 basis points. It also turned an operating loss of $247 million into a profit of $266 million over the year. The adjusted eps of $1.43 marked a substantial 184.6% year-over-year jump.
Spotify&#39;s performance has been bolstered by sustained price hikes, a loyal consumer base and significant cost reductions. The ability to raise prices while retaining and expanding its subscriber base is particularly noteworthy. This was the first quarter where premium subscriber growth outpaced ad-supported MAU growth sequentially, highlighting the effectiveness of Spotify&#39;s pricing strategy.
The recent price hikes, alongside those by competitors such as Alphabet&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) YouTube Premium, Apple&#39;s Music/TV and Amazon&#39;s Music Unlimited, underscore the industry&#39;s trend toward higher pricing.
Spotify is further expanding its content portfolio, aiming for a larger portion of its revenues to come from its podcasts and audiobooks. By boosting revenue from these high-margin content initiatives, Spotify could enhance its profitability, even if record labels take a tougher stance in negotiations. The profitability of podcasts is also on the rise, as the company shifts its strategy from using content investments primarily for subscriber growth to focusing on monetization.
By the second quarter of 2024, Spotify hosts over 250,000 video podcast shows, with more than 170 million users having watched a video podcast on the platform.
<h2>SPOT Stock is Still Cheap</h2>
Despite the significant rally over the past year, Spotify&#39;s stock remains relatively undervalued, suggesting potential for further appreciation. The stock is trading at a trailing 12-month price/sales ratio of 4.53X compared to the industry average of 8.76X. The trailing 12-month enterprise value/sales ratio stands at 3.95X compared to the industry average of 8.44X.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7f/78521.jpg?v=836923443" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
Furthermore, the Relative Strength Index shows no significant signs of overbought conditions, suggesting the stock isn&#39;t overextended.
<h2>Spotify Relative Strength Index</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b6/78522.jpg?v=1500532284" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>SPOT has a Strong Liquidity Position</h2>
SPOT&#39;s liquidity position is robust, with a current ratio of 1.56 at the end of the second quarter of 2024 compared to the industry&#39;s 1.02. This robust liquidity reflects SPOT&#39;s ability to cover its immediate liabilities without strain, indicating financial stability and operational flexibility.
<h2>Analysts&#39; Confidence Reflected in Rising Estimates</h2>
Seven estimates for the third quarter of 2024 moved upward over the past 60 days versus no downward revision. Over the same period, the Zacks Consensus Estimate for third-quarter 2024 earnings has increased 32.6% to $1.83. Earnings are expected to grow 408.3% year over year in the quarter.
Eight estimates for 2024 moved north over the past 60 days versus no southward revision. Over the same period, the consensus estimate for 2024 earnings has increased 26.2% to $6.31. Earnings are expected to grow 313.9% year over year in 2024.
The Zacks Consensus Estimate for SPOT&#39;s third-quarter 2024 sales stands at $4.38 billion, suggesting year-over-year growth of 19.8%. Revenues for 2024 are expected to increase 19.4% year over year.
<h2>Spotify is a Must-Buy</h2>
Given its solid fundamentals, undervaluation, and bullish momentum, Spotify is a must-buy for investors looking to capitalize on the growth of the music-streaming and podcasting sectors. Management anticipates a sequential increase of 13 million in total MAUs, a 5 million rise in total premium subscribers, a $193 million revenue boost, a 100 basis point expansion in gross margin, and a $139 million increase in operating income for the third quarter. So, now is an ideal time to invest before further appreciation solidifies SPOT&#39;s position as a market leader.
SPOT currently sports a Zacks Rank #1 (Strong Buy).
<a href="https://www.zacks.com/stock/news/2338737/spotify-stock-rises-83-year-to-date-is-your-fomo-warranted?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2338737">To read this article on Zacks.com click here.</a>

GOOGL

Spotify Stock Rises 83% Year to Date: Is Your FOMO Warranted?

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 11.6% on an annualized basis producing an average annual return of 25.48%. Currently, Spotify Technology has a market capitalization of $72.95 billion. 
Buying $1000 In SPOT: If an investor had bought $1000 of SPOT stock 5 years ago, it would be worth $2,987.17 today based on a price of $363.27 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/2024/1726842619_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.

$1000 Invested In Spotify Technology 5 Years Ago Would Be Worth This Much Today

WIIM

Spotify shares are trading higher after Pivotal Research raised its price target on the stock from $460 to $510.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham raised the price target for SS&amp;C Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>) from $81 to $90. Needham analyst Mayank Tandon maintained a Buy rating. SS&amp;C Technologies shares fell 0.2% to close at $75.36 on Wednesday. <a href="https://www.benzinga.com/quote/ssnc/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut the price target for Elanco Animal Health Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) from $17 to $15. Morgan Stanley analyst Erin Wright downgraded the stock from Overweight to Equal-Weight. Elanco Animal Health shares gained 2.5% to close at $14.65 on Wednesday. <a href="https://www.benzinga.com/quote/elan/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho slashed Athira Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATHA#NASDAQ">ATHA</a>) price target from $5 to $0.5. Mizuho analyst Graig Suvannavejh downgraded the stock from Outperform to Neutral. Athira Pharma shares fell 4.7% to close at $0.4630 on Wednesday. <a href="https://www.benzinga.com/quote/atha/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $112 to $109. Bernstein analyst Aneesha Sherman maintained an Outperform rating. NIKE shares gained 0.3% to close at $80.90 on Wednesday. S<a href="https://www.benzinga.com/quote/NKE/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Loop Capital boosted the price target for Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) from $204 to $260. Loop Capital analyst Mark Schappel maintained a Buy rating. Aspen Technology rose 1.1% to close at $236.00 on Wednesday. <a href="https://www.benzinga.com/quote/AZPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho increased Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) price target from $22 to $25. Mizuho analyst Ben Chaiken maintained an Outperform rating. Carnival shares rose 1.8% to close at $18.36 on Wednesday. <a href="https://www.benzinga.com/quote/CCL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Pivotal Research raised Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $460 to $510. Pivotal Research analyst Jeffrey Wlodarczak maintained a Buy rating. Spotify shares gained 0.5% to close at $343.97 on Wednesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler increased the price target for General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) from $74 to $84. Piper Sandler analyst Michael Lavery maintained an Overweight rating. General Mills shares rose 0.7% to close at $75.01 on Wednesday. <a href="https://www.benzinga.com/quote/GIS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) price target from $23 to $27. Piper Sandler analyst Patrick Moley maintained an Overweight rating. Robinhood shares rose 1.4% to close at $22.95 on Wednesday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer raised T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) price target from $200 to $215. Oppenheimer analyst Timothy Horan maintained an Outperform rating. T-Mobile shares fell 3% to close at $196.68 on Wednesday. <a href="https://www.benzinga.com/quote/TMUS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Robinhood stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19082758/image-153-1024x512.png" alt="" class="wp-image-556095" style="width:628px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19082758/image-153-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19082758/image-153-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19082758/image-153-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19082758/image-153.png 1335w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

ATHA

AZPN

ELAN

HOOD

SSNC

TMUS

Robinhood To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Thursday

Pivotal Research analyst Jeffrey Wlodarczak 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 $460 to $510.

Pivotal Research Maintains Buy on Spotify Technology, Raises Price Target to $510

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen cut the price target for Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) from $520 to $475. TD Cowen analyst Andrew Charles maintained a Buy rating. Domino&#8217;s shares fell 0.5% to close at $402.52 on Friday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $420 to $440. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.1% to close at $337.90 on Friday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $425 to $440. Wedbush analyst Nick Setyan maintained an Outperform rating. Wingstop shares fell 0.2% to close at $394.81 on Friday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $225 to $200. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Alphabet shares rose 1.8% to close at $157.46 on Friday.<a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised the price target for Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) from $30 to $45. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Summit Therapeutics gained 16.5% to close at $31.93 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price target from $218 to $194. Deutsche Bank analyst Chris Woronka maintained a Hold rating. Vail Resorts shares rose 1% to close at $180.00 on Friday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods cut Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) price target from $50 to $44. Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintained an Outperform rating. Ally Financial shares rose 0.4% to close at $32.97 on Friday. <a href="https://www.benzinga.com/quote/ALLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) from $103 to $111. Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight. ONEOK shares rose 1% to close at $91.37 on Friday. <a href="https://www.benzinga.com/quote/OKE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler slashed e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $260 to $162. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. e.l.f. Beauty shares rose 1.7% to close at $116.63 on Monday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $230 to $320. Loop Capital analyst Anthony Chukumba maintained a Hold rating. RH shares rose 25.5% to close at $321.87 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
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Considering buying GOOGL stock? Here&#8217;s what analysts think:
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</ul>

ALLY

SMMT

WING

Alphabet To $200? Here Are 10 Top Analyst Forecasts For Monday

Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $420 to $440.

Keybanc Maintains Overweight on Spotify Technology, Raises Price Target to $440

Spotify Introduces Pilot For A Premium Music Account For Young Listeners Under Age Of 13; Parents Will Now Be Able To Decide Whether A Young Listener Can Play Certain Artists Or Tracks With Co's New Control Feature; Managed Account Pilot To Be Available Exclusively As Part Of Premium Family Plan In Denmark, New Zealand, Sweden

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 8.13% on an annualized basis producing an average annual return of 21.13%. Currently, Spotify Technology has a market capitalization of $67.55 billion. 
Buying $1000 In SPOT: If an investor had bought $1000 of SPOT stock 5 years ago, it would be worth $2,626.67 today based on a price of $336.39 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/2024/1726088416_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.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,600 Today

Whales with a lot of money to spend have taken a noticeably bearish stance on Spotify Technology.
Looking at options history for Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $569,960 and 15, calls, for a total amount of $1,701,835.
<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 $200.0 and $390.0 for Spotify Technology, spanning the last three months.
<h3>Volume &amp; Open Interest Development</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 $200.0 to $390.0 in the last 30 days. 
<h3>Spotify Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725644817_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$122.3</td>
<td>$118.85</td>
<td>$119.26</td>
<td>$210.00</td>
<td>$976.7K</td>
<td>311</td>
<td style="text-align: right;">88</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$72.05</td>
<td>$70.45</td>
<td>$70.45</td>
<td>$350.00</td>
<td>$274.7K</td>
<td>6</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$53.0</td>
<td>$49.65</td>
<td>$53.0</td>
<td>$300.00</td>
<td>$265.0K</td>
<td>15</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$47.5</td>
<td>$46.2</td>
<td>$46.59</td>
<td>$300.00</td>
<td>$139.7K</td>
<td>1.8K</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$80.7</td>
<td>$80.7</td>
<td>$80.7</td>
<td>$300.00</td>
<td>$80.7K</td>
<td>187</td>
<td style="text-align: right;">21</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.
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>Spotify Technology's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 599,361, the SPOT's price is up by 0.92%, now at $331.66. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 46 days.</li>
</ul>
<h3>Expert Opinions on Spotify Technology</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $400.0.
<ul>
<li>An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $340. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Spotify Technology, which currently sits at a price target of $460. </li>
</ul>
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.

Tracking Lone Pine Capital Portfolio - Q2 2024 Update

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The company operates through Premium and Ad-Supported segments, offering extensive audio streaming services with significant revenue and earnings growth projections.

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BofA's top 10 ideas for the fourth quarter

The entertainment industry is thriving due to the population's growing demand for streaming, podcasts, and personalized listening experiences. Amid this, let's compare audio stocks Spotify Technology (SPOT) and Sirius XM Holdings (SIRI) to analyze which audio stock will hit the right note for investors. Read on to find out… As streaming services and podcasts gain popularity, consumers seek personalized listening experiences that match their unique tastes and preferences. Digital radio platforms provide a wide range of channels and content, enabling users to explore niche genres, discover new artists, and access exclusive material not found on traditional radio.
This shift toward customization is boosting the use of digital radio services and driving market growth. According to Cognitive Market Research, the global digital radio broadcasting market will be worth $3.82 billion in 2024 and expand at a <a href="https://www.cognitivemarketresearch.com/digital-radio-broadcasting-market-report">CAGR of 11.5%</a> from 2024 to 2031. 
Against this backdrop, let's compare two established audio stocks to analyze which one will hit the right note for investors: Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) and Sirius XM Holdings Inc. (<a href="https://stocknews.com/stock/SIRI/">SIRI</a>).
The Case for Spotify Technology S.A. Stock
With a $73.33 billion market cap, Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The company is headquartered in Luxembourg City, Luxembourg.
SPOT's stock has gained 93.5% over the past nine months to close the last trading session at $365.17. Over the past six months, the stock has surged 39.5%.
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 234.1% higher than the 0.50x industry average. Likewise, its $21.63 trailing-12-month cash per share is significantly higher than the $1.49 industry average.
SPOT's revenue for the second quarter that ended June 30, 2024, rose 9.5% year-over-year to €3.81 billion ($3.97 billion). Its gross profit increased 9.4% year-over-year to €1.11 billion ($1.09 billion).
Likewise, the company's net income came in at €274 million ($305.85 million), compared to a loss of €241 million ($269.01 million) in the previous-year quarter. Also, its earnings per share came in at €1.33, compared to a loss per share of €1.55 in the previous year's quarter.
Street expects SPOT's revenue and EPS for the third quarter ending September 2024 to increase 26.5% and 466.9% year-over-year to $4.50 billion and $1.98, respectively. It surpassed Street EPS estimates in three of the trailing quarters.
SPOT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Growth and a B for Quality. SPOT is ranked first in the A-rated <a href="https://stocknews.com/category/entertainment-radio/">Entertainment - Radio</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see SPOT's ratings for Value, Sentiment, Momentum, and Stability <a href="https://stocknews.com/stock/SPOT/">here</a>.
The Case for Sirius XM Holdings Inc. Stock
Valued at $9.61 billion by market cap, Sirius XM Holdings Inc. (<a href="https://stocknews.com/stock/SIRI/">SIRI</a>) operates as an audio entertainment company in North America. It operates in two segments, Sirius XM and Pandora and Off-platform.
SIRI's stock has gained 3.9% intraday to close the last trading session at $24.95.
SIRI's trailing-12-month asset turnover ratio of 0.84x is 68.7% higher than the 0.50x industry average. However, its 48.98% trailing-12-month gross profit margin is 4.5% lower than the 51.29% industry average.
SIRI's revenues for the fiscal second quarter ended June 30, 2024, decreased 3.1% year-over-year to $2.18 billion. In contrast, its net income increased 1.9% over the year-ago quarter, reaching $316 million, while its net income per share remained flat at $0.08.
Analysts expect SIRI's revenue for the quarter ending September 30, 2024, to decrease 3.5% year-over-year to $2.19 billion, while its EPS is expected to be $0.79 for the same quarter.
SIRI's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
SIRI has a C grade for Sentiment, Stability, and Momentum. It is ranked #3 in the same industry.
<a href="https://stocknews.com/stock/SIRI/">Click here</a> for the additional POWR Ratings for SIRI (Quality, Value, and Growth).
Spotify (SPOT) vs. SiriusXM (SIRI): Which Audio Stock Will Hit the Right Note for Investors?
The entertainment industry is increasingly shifting toward digital content and streaming services. The ongoing rise in subscription-based and on-demand entertainment has created strong, recurring revenue streams driving growth in the audio industry.
Leading audio companies SPOT and SIRI stand to capitalize on the optimistic industry outlook. However, SPOT's strong financial performance, higher profitability and promising near-term outlook favor it as the better audio stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Entertainment - Radio industry <a href="https://stocknews.com/category/entertainment-radio/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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SPOT shares were trading at $369.98 per share on Monday afternoon, up $4.81 (+1.32%). Year-to-date, SPOT has gained 96.89%, versus a 20.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/spot-siri-spotify-spot-vs-siriusxm-siri-which-audio-stock-will-hit/>Spotify (SPOT) vs. SiriusXM (SIRI): Which Audio Stock Will Hit the Right Note for Investors?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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