Spotify will report fourth-quarter 2021 earnings on Wednesday at 4:30 pm ET. 22, 2021, and remained 35.8% below a modest rally following its latest earnings report on Oct. Even after Monday’s recovery, Spotify’s share price was 49.3% below its 52-week high of $387.44 on Feb. The New York Stock Exchange, where Spotify trades, fell 2.9% in January. The Nasdaq composite fell 9% in January despite a 3.4% upswing on Monday.

Still, for both the tech-heavy Nasdaq and S&P 500, January was the worst month since March 2020. Likewise, Roku, a video streaming platform, rose 8.5%. Two other music streaming services, Tencent Music Entertainment and Cloud Village, rose 11% and 9.7%, respectively. Investors reversed course, driving Netflix shares up 11.1% and reclaiming two-thirds of the decline since Netflix’s earnings. Spotting a buying opportunity, Bazinet upgraded his recommendations on Spotify and Netflix, which was also upgraded by Edward Jones analyst David Heger on Monday. That could have been an overreaction, however. “That called into question the growth trajectory of every streaming company,” Wells Fargo analyst Steven Cahall said on CNBC on Monday. 20 earnings release, the company’s share price fell 29.2% over the next four trading days. After Netflix issued surprisingly low guidance for first-quarter subscriber acquisitions in its Jan. Spotify's Daniel Ek Criticizes Kanye West's 'Awful' Antisemitic Comments, But Music Won't Be RemovedĮven with Monday’s rally, Spotify shares were down 19.2% in January alone - and not because of Rogan or Young.

Spotify stock joe rogan