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The streaming content platform is seeing growth slow as consumers leave their homes more often.
Spotify (SPOT 0.65%) is adding millions of subscribers but finding it harder to grow profit margins as it pays hefty bonuses to attract creators. This video will answer if Spotify stock is a buy for 2023.
*Stock prices used were the prices as of Jan. 15, 2023. The video was published on Jan. 16, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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