Why Spotify's earnings underline gross margin 'sustainability'

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Andrew Marok News

Spotify,Market Domination,Raymond James

Shares of Spotify (SPOT) soared during Tuesday's afternoon trading session,after the company's first-quarter earnings surpassed analysts' estimates. Raymond ...

surpassed analysts' estimates. Raymond James Analyst Andrew Marok joins Market Domination Overtime to discuss his bullish stance on Spotify's stock moving forward.

Marok highlights that Spotify's earnings have demonstrated"sustainability in its gross margins," attributing the jump to various factors such as"cost efficiencies on streaming delivery,"and"better focus on their marketplace products." He stated that these factors can be"used indefinitely," signaling continued growth in the margin outlook.

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