Added to YB: 2026-02-13
Pitch date: 2026-02-11
SPOT [neutral]
Spotify Technology S.A.
+1.28%
current return
Author Info
No bio for this author
Company Info
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
Market Cap
$83.2B
Pitch Price
$479.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.72
P/E
38.46
EV/Sales
4.51
Sector
Entertainment
Category
growth
Spotify 4Q25 Earnings: The Taste Graph
SPOT (earnings): Platform built on irreplaceable subjective preference data thrives in AI era. Q4: 751M MAUs (record adds), 33.1% gross margin (inflection), €2.9B FCF run-rate. Language-to-taste dataset from AI DJ/Prompted Playlist deepens moat vs commoditized LLMs. Pricing power validated (US $12→$13, minimal churn). Trading 32x fwd PE, 18% EPS growth. Bear case: co-CEO risk, ad revenue still declining, RoW mix dilutes ARPU.
Read full article (10 min)