{"id":506759,"date":"2023-01-13T11:37:00","date_gmt":"2023-01-13T11:37:00","guid":{"rendered":"https:\/\/omni48.com\/?p=506759"},"modified":"2023-01-23T11:44:08","modified_gmt":"2023-01-23T11:44:08","slug":"is-spotify-stock-poised-to-crush-the-market-in-2023","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/is-spotify-stock-poised-to-crush-the-market-in-2023","title":{"rendered":"Is Spotify Stock Poised to Crush the Market in 2023?"},"content":{"rendered":"<p>Nobody wanted to own Spotify (NYSE: SPOT) stock in 2022. After a huge run-up in late 2020 and early 2021, investors started to sour on the music streamer due to a lack of profitability. The company put up strong growth across all of its key performance metrics but failed to show gross margin expansion and positive operating profits. In a bear market where Wall Street is focused on what a company will earn over the next few quarters, this was a recipe for disaster, with shares falling 66% for the year. But there are signs things will turn around in 2023. Already up 15% this year, is Spotify ready to make a comeback? Sustained growth in music streaming The majority of Spotify&#8217;s growth over the past decade has come from its premium music streaming business. With an estimated 30%+ share of the global market, the company has won supremacy versus big tech giants like Apple , Amazon , and Alphabet<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors hated the stock in 2022, but that could all change this calendar year.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,24],"tags":[],"class_list":["post-506759","post","type-post","status-publish","format-standard","hentry","category-news","category-stocks"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/506759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=506759"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/506759\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=506759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=506759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=506759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}