Added to YB: 2023-12-13
Pitch date: 2023-12-07
SPOT [neutral]
Spotify Technology S.A.
+151.99%
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
$84.4B
Pitch Price
$192.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.26
P/E
39.02
EV/Sales
4.58
Sector
Entertainment
Category
turnaround
Show full summary:
Unwrapping Spotify’s year of frugality🎵
Spotify's 2023 unwrapped: stock soars 138% YTD as company streamlines costs, optimizes debt/cash, grows premium subs despite price hikes. Concerns remain over slowing ad-to-premium conversion in developing markets. Betting on audiobooks to diversify revenue.
Read full article (5 min)