From Financial Modeling Prep: 2025-01-15 11:08:00

Spotify (NYSE:SPOT) shares surged over 5% as UBS raised price target to $540, citing strong growth prospects. In 2024, Spotify saw 20% revenue growth and expanded gross margins. For 2025, it aims for 13% revenue growth, 23 million new premium subscribers, and a focus on product innovation for monetization. Gross margins expected to rise to 32.3% with €3.0 billion free cash flow projected. Key growth drivers include new subscription tiers, price hikes, and enhanced advertising revenue. Analysts optimistic about Spotify’s long-term financial outlook and industry leadership.



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