Spotify 季报不及预期，股价崩跌反而是好买点
Spotify 收入不及预期、广告业务疲软、指引偏弱，财报当天跌超 11%。Cramer 认为这是绝佳买点：月活和付费用户都超预期，管理层坚持 10 亿付费用户的长期目标；视频播客增长快，AI DJ 的使用量一年近乎翻倍；海外几地涨价显示定价权；活跃广告主同比增约 40%。苹果、亚马逊也在做音乐，但 Spotify 仍遥遥领先。
Even though Spotify's latest quarter did indeed come up short — no one's denying that — I think the total breakdown in the stock has created a tremendous buying opportunity, and this is a genuinely great franchise,