It only beat analyst estimates for paid users by like 1% and it increased subscription fees by 1 dollar. Shouldn't this go up by at most like 5%

    Why tf is spotify up 15%
    byu/mr_magic_hat inwallstreetbets



    Posted by mr_magic_hat

    30 Comments

    1. Most of the time most of the things dont make sense these days
      Just understand the vibe and trend and follow it

    2. If you expect you boss to fart in your face at work but he instead gives you a dollar to go baller around. I bet you would be 15% more happy.

    3. they raised guidance, a lot, and projected faster subscriber growth than anticipated.

    4. External-Theme-9643 on

      Cos market is rigged for it to go up 12-15% even on small beats . That’s how market works now. It misses it goes down same amount

    5. TheDiligentDog on

      Tell me you had puts without telling me you had puts ![img](emote|t5_2th52|4275)![img](emote|t5_2th52|4267)

    6. WeAreTheMachine368 on

      Spotify is the tech new darling. Investors seem to think music streaming has more pricing power than previously assumed and can maintain user growth at the same time. In my opinion, they may not be wrong.

    7. Powerful_Hyena8 on

      Imagine waking up and saying…. I want to gamble my tiny money on the future price of Spotify next week.

    8. Executesubroutine on

      Incoming outage of spotify all around the world tomorrow. Someone think of the Olivia Rodrigo fans.

    9. IntentionDeep651 on

      I have been paying them every month for last 5 years while listening to it for like one hour total thats why 

    10. It is that kind of day that the company will start the day with +15% and end -8%.

      My advice: Inverse whatever I say.

    11. So never gamble and only buy dip when good companies are down. You can never predict what will happen.

      Tesla was shit but going up. Meta was fine but dropped. There were always reasons, but just not convincing enough to justify the reaction every time…

    12. NoFastpathNoParty on

      it was not priced in! It’s that simple… you guys really don’t get it

    13. chewbaccashotlast on

      There are numerous articles telling you why they decided to raise the value by 15%.

      You could also have seen it drop by 10% because some analyst isn’t happy about their future guidance and expected better.

      They had good earnings and have a nice balance sheet. That doesn’t mean they are worth $50B or that it deserved to go up by 15% and 100% in the last year.

      The market algos are at work. Unsure of short interest but this could be a situation where you will see continued price action up while those positions close/cover.

    14. Why is anything up? The stock market is honestly just a gamble nowadays, you’re just betting that a whale will pump or dump the stock.

      It’s not really analytical anymore.

    15. bears better get their dragon stones out and wish with all their heart to fly with dragons in a world apart

    16. Because price has been coiling up pretty tight ready for a pop, on top of earnings.

    17. I’ve been eyeing Spot since 270. It keeps jumping to 310 then crashes back to 290 and now this. Can it crash again so I can buy under 300

    18. Due-Rain-1051 on

      This is the best music streaming service that is openly utilizing AI. Also look at the earnings trends, they have been beating and raising consistently. Lastly, the churn rate, post price increase. Sorry, but this was an easy options call. If you were to ask the 246 Million Spotify Premium users, which service they would cut last (if they had to), it would be Spotify.

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