Spotify Technology SA (NYSE: SPOT) is projected to have strong earnings growth over the next 5 years, with Benchmark maintaining an $800 price target and Buy rating. The streaming giant is set to move video podcast content from YouTube to Netflix, including popular series like The Bill Simmons Podcast.

Netflix will feature Spotify Studios and The Ringer podcasts in the partnership, but details like contract length and monetization are still unknown. Benchmark sees benefits for both companies, with Spotify expanding creator reach and reducing competition with YouTube, while Netflix gains content to boost subscriber retention.

As a global audio streaming company, Spotify Technology SA (NYSE: SPOT) boasts over 600 million monthly active users worldwide, positioning itself as the largest music streaming service by market share. Revenue comes from subscriptions, advertising, and partnerships.

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Read more at Yahoo Finance: Benchmark Bullish on Spotify’s (SPOT) Growth, Cites Netflix Partnership and Platform Expansion