Audio streaming giant Spotify has proven to be a "great business," and it's easy to see why it's become a strong-performing stock, too, CNBC's Jim Cramer said Tuesday. Shares of Spotify surged 11% Tuesday after the company's second-quarter earnings report beat Wall Street expectations. Spotify also impressed investors with better-than-anticipated premium subscriptions and operating margins, which also are expected to expand in the current quarter.
In June, Spotify introduced new subscription plans including a cheaper "Basic Tier" and announced price hikes in several key markets including the U.S. Notably, though, management said the company is seeing less churn — an industry term for the rate at which users cancel a service over a period — in response to this price increase compared with its prior round last year . "It made me think they could have put through an even bigger price increase," Cramer said.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »