Added to YB: 2025-01-28
Pitch date: 2025-01-25
SPOT [neutral]
Spotify Technology S.A.
+7.68%
current return
Author Info
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Company Info
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
Market Cap
$84.8B
Pitch Price
$495.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.67
P/E
25.89
EV/Sales
4.32
Sector
Entertainment
Category
growth
Spotify Technology S.A. – A Deep Dive
SPOT (expensive): Music streaming leader, 31.7% market share, 640M MAU, 252M subs. Strong moat via personalization & content. Revenue +19% YoY, 31.1% gross margin, 11.4% op margin in Q3. Expects €100B revenue, 40% GM, 20% OM in 10 years. Expensive at 77x FY24 EPS, wait for dip to $420.
Read full article (14 min)