Jim Cramer Questions Spotify's Latest Numbers

Spotify Technology S.A. (NYSE:SPOT) is one of the stocks that Jim Cramer spoke about. A caller asked if the stock is a buy or hold given that the economy seems to be faltering. In response, Cramer said:

“I was so mystified by Spotify. That was a really not great number. I don’t get it. I don’t know what happened. I can’t own the stock until I figure out what the heck happened.”

Spotify (NYSE:SPOT) provides audio streaming services through subscription and ad-supported models, providing access to a vast catalog of music and podcasts. Cramer suggested buying the stock during a June episode:

“My confidence in subscription model extends to Spotify. This incredible company dominates the podcast business and the music business, and of course, the new high list. It’s roaring right now, but it does have periodic moments of underperformance, and that’s when you gotta snap it up [buy, buy, buy].”

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Disclosure: None. This article is originally published at Insider Monkey.