NYSE:SPOTEntertainment
Spotify’s Profit Shift Raises New Questions On Buybacks And Valuation
Spotify Technology (NYSE:SPOT) has reported a material shift in operating margin, moving from heavy cash usage to sustained profitability.
The company has authorized a major share buyback program alongside a multi billion dollar shelf registration filing.
These capital actions are positioned around Spotify's improved revenue profile and stronger profitability metrics.
At a share price of $462.82, NYSE:SPOT trades after a 3 year return of 284.6%, while its 1 year return is a decline of...