Even in a tough recession, you may cut your video streaming package from four to three to two video streaming companies, but you’re probably going to keep that music streaming package at 10 bucks a month.” Notwithstanding this optimistic assessment, Spotify stock’s recent headlines haven’t been entirely positive.Īrk Invest founder and CEO Cathie Wood, whose ETFs offloaded more than $26 million worth of Spotify stock in April alone, late last week cashed out of another 20,000 SPOT shares via an ETF, according to reports. “Unlike all those video streaming services,” the former RBC managing director explained, “people only sign up for one music streaming service. All Rights Reserved.When asked about Spotify’s performance outlook in a “recessionary environment,” Mahaney described music streaming platforms’ overarching subscription models as “reasonably recession resilient” – while also acknowledging a likely falloff in terms of advertising revenue. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc.
Factset: FactSet Research Systems Inc.2019.
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