Last week, musicians Neil Young and Joni Mitchell requested to have their music removed from Spotify after raising concerns about the spread of misinformation.

The streaming platform has been under fire in recent weeks for hosting The Joe Rogan Experience, which has featured interviews criticised for spreading false information about Covid-19 and vaccines. Speaking on the earnings call, Spotify CEO Daniel Ek addressed the recent controversy the company has been facing surrounding Joe Rogan’s podcast.

Ad-supported revenue grew significantly over the last year, reaching 15pc of Spotify’s total revenue for the fourth quarter. Monthly active users increased by 18pc to 406m, while premium subscribers were up 16pc to 180m. Spotify revenue reached $2.68bn in the quarter, representing year-on-year growth of 24pc. The company made the prediction in its fourth-quarter report for 2021, which showed steady growth in revenue, monthly users and paid subscribers. Following the announcement, Spotify’s stock price went down by as much as 18pc on Wednesday (2 February). The streaming company forecasted that it will reach 183m paid subscribers in the current quarter, just short of analyst expectations of 184m, Reuters reported. Spotify’s stock took a hit after it predicted a slowdown in subscriber growth in the first quarter of this year. price prediction Spotify Technology S.A.As Spotify continues to deal with the Joe Rogan fallout, the streaming platform is forecasting a slow start to the year. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.ġ year Spotify Technology S.A. This means that if you invested $100 now, your current investment may be worth 313.72$ on 2023 November 01, Wednesday. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks.įuture price of the stock is predicted at 252.79537712482$ ( 213.72% ) after a year according to our prediction system. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if SPOT could be a good portfolio addition. stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. Forecast: 1165.862 * About the Spotify Technology SA stock forecastĪs of 2022 November 01, Tuesday current price of SPOT stock is 80.580$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception).

Spotify stock prediction