10 Best Kid-Friendly Stocks to Buy According to Billionaires

4. Spotify Technology S.A. (NYSE:SPOT)

No. of Billionaires: 17

Value of total Investment by Billionaires: $4.58 billion

Spotify Technology S.A. (NYSE:SPOT) is a leading global audio streaming subscription service. It operates through two primary segments: Premium and Ad-Supported. Spotify is considered a kid-friendly stock due to its dedicated service, Spotify Kids, designed for children and younger teenagers. This ad-free service offers curated playlists, audiobooks, and other kid-friendly content, making it a safe and enjoyable platform for children to listen to music and other audio programs.

During the period ending Q4 2024, Spotify Technology S.A. (NYSE:SPOT)’s revenue was $4.41 billion (up 11.58% YoY), beating estimates by $128.52 million, while EPS missed estimates by $0.34 at $1.83. Management attributed the growth to audiobook surcharges, favourable content cost trends, and improved margins. Co-founder and Chief Executive Officer Daniel Ek spoke on the company’s performance during the earnings call, stating:

“We enhanced our product in areas like video and audiobooks with many more innovations to come in the quarters ahead. And it’s really this ongoing commitment to incremental progress that ultimately adds up to something massive over the long-term, even if the exact timing sometimes is hard to predict.

Another huge driver behind our MAU (Monthly Average User) and subscriber growth was our annual Wrapped campaign, which celebrated 10 years.”