Spotify (SPOT) – A play on a bullish call by an analyst at Morgan Stanley.While Delta reported a quarterly miss, the company's guidance was better than expected. Earnings out of Delta Air (DAL) were affecting the airline space Thursday morning. United Air will report quarterly results on Tuesday of next week. United Airlines (UAL) – A play on upcoming earnings.Michael O'Connor Reach out to Michael at Strategy Development

Subscribe to our Stocks To Watch Newsletter here : īrent Slava Reach out to Brent at Reporter, Head of Benzinga Newsdesk Straight from Benzinga newsdesk, host Brent Slava brings you the market news and stocks to watch. So, podcasts may be sending Spotify’s share price soaring, but it’s about the long-tail community as well as about Michelle Obama and Joe Rogan.Daily Stock Picks and News from Benzinga Newsdesk with host Brent Slava The company said yesterday that its Anchor app has been used to create 80% of new podcasts on Spotify this year – and that it’s been used to make 70% of the total catalogue of 1.9m shows. Spotify’s ecosystem for podcast creation is also a part of this. A doubling of the podcast audience on Spotify, and it’s that – plus all the splashy exclusive show deals – that’s delighted the markets. A year later, at the end of September 2020, 22% were listening, which thanks to Spotify’s user growth meant 70.4 million people. While there’s no doubt that the blizzard of artists and listeners sharing their 2020 stats is giving Spotify a big social-media boost, the real story of the company’s Wall Street growth is more likely to be about podcasts.Īt the end of September 2019, 14% of Spotify’s active users – around 34.7 million people – were listening to podcasts on the platform. It’s grown by more than $5bn this week alone, which has led some reports to draw a link with Spotify’s end-of-year Wrapped promotion (which, by the way, went live for artists yesterday). That’s an all-time high as far as we’re aware, and means the company has more than doubled in value since the start of 2020, when it was worth $27.95bn. Tags: Podcasts Spotify Spotify Wrapped stock marketĪs we write the news this morning, Spotify’s share price is sitting at $320.89, giving the company a market cap (valuation) of $60.84bn.

Spotify stock market value