Spotify has been having a bit of a moment lately. For its fourth quarter reported last month, Spotify posted stronger-than-expected revenue growth, a narrower-than-expected loss and subscriber growth that exceeded expectations. For the current quarter, Spotify expects monthly active users to climb to 618 million—with premium subscribers rising to 239 million—and has given a revenue forecast of $3.9 billion.
Spotify and Herbalife are part of the Zacks Bull and Bear of the Day article.
Spotify's embrace of new media has propelled it to the forefront of the digital audio landscape, revolutionizing how we consume content.