Spotify's Path to Profitability Faces Hurdles Amid Slowing Growth and High Costs
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Spotify faces challenges achieving profitability due to slim margins and high costs like royalties
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Despite user growth, revenue growth is decelerating and pricing moves may be backfiring
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Ad-supported business likely operates at a loss despite user growth
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Valuation looks inflated given lack of profits and decelerating revenue
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Cautions stance warranted due to profitability hurdles; risks being overlooked