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Barchart
Will Ashworth

Spotify’s Q1 2023 Earnings Pushes Volume Through the Roof. Is It a Buy?

Spotify SPOT United States Netflix

Spotify (SPOT) reported Q1 2023 earnings Tuesday before the markets opened. While they weren't great, investors didn't care, sending their share and options volumes through the roof.

However, just because volume jumped on the news, it doesn't mean the audio streaming platform is a buy. Up 5% on the day and a little more than halfway through Tuesday's trading, the analysts seem to like SPOT, but that doesn’t mean it’s an automatic buy. 

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