Jim Cramer Talked About These 11 Stocks Recently

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

Cramer commented how, despite Spotify Technology S.A. (NYSE:SPOT) missing earnings estimates, the stock climbed higher. Here’s what Mad Money’s host had to say:

“[The] second group that’s getting maybe too much love: This market is nuts for subscription products. I like these stocks too… They all have huge recurring revenue streams and membership dues, and their stocks are huge winners. All these are benefiting from endless positive research calls, they just appear each morning as if by magic… Spotify’s insane. It’s been up all year, but it just gained nearly 60 points after reporting a quarter Tuesday night that actually failed to meet the earnings estimates. Doesn’t matter, as Spotify is a subscription company and subscriptions were indeed strong. So we get a Jack and the Beanstalk-like situation, which just goes up and up and up. All very odd and yes, too much love.”

Spotify (NYSE:SPOT) is a global leader in audio streaming, offering subscription-based services that provide ad-free, unlimited access to music and podcasts for paying users, while also offering ad-supported access for free users. The company continues to experience solid growth, with its most recent quarterly performance reflecting this momentum.

Looking ahead to the fourth quarter, Spotify (NYSE:SPOT) expects to reach 260 million premium subscribers, which represents a net gain of 8 million. The company also anticipates total monthly active users will rise to 665 million, a net increase of 25 million from the previous quarter. The company’s total revenue for Q4 is projected to be €4.1 billion, with operating income forecast at €481 million. Management expects a gross margin of 31.8%, which highlights its continued focus on profitability and operational efficiency.