Benchmark Bullish on Spotify’s (SPOT) Growth, Cites Netflix Partnership and Platform Expansion

Core Insights - Spotify Technology SA (NYSE:SPOT) is projected to have strong earnings growth over the next five years, with Benchmark maintaining a price target of $800 and a Buy rating as of October 16 [1] - The company is transitioning some of its video podcast content from YouTube to Netflix, which is expected to enhance its content offerings [1][2] Group 1: Partnership and Content Strategy - The partnership with Netflix will feature a selection of Spotify Studios and The Ringer podcasts, including popular series like The Bill Simmons Podcast and The Rewatchables [2] - Specific details regarding the contract period, integration, and monetization strategy of the partnership remain undisclosed [2] - This agreement is seen as mutually beneficial, allowing Spotify to engage more creators while reducing competition with YouTube, and enabling Netflix to enhance its content library for better subscriber retention [3] Group 2: Company Overview - Spotify is a leading global audio streaming service with over 600 million monthly active users, making it the largest in terms of market share [4] - The company's revenue streams include subscriptions, advertising, and partnerships [4]