Added to YB: 2025-04-15
Pitch date: 2025-04-13
SPOT [neutral]
Spotify Technology S.A.
+6.37%
current return
Author Info
Kroker Equity Research is a value investor that uses Discounted Cash Flow (DCF) Model or the Excess Returns Model to value stocks. Sign up for their newsletter.
Company Info
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
Market Cap
$100.1B
Pitch Price
$562.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
45.60
P/E
72.67
EV/Sales
5.61
Sector
Entertainment
Category
growth
Spotify - A revisit
SPOT (update): First profitable year with €1.14B net income. 675M MAUs, 263M paid subs. Revenue €15.67B (+21% YoY). Gross margin up to 30%, FCF €2.285B. Bullish: scale, pricing power, new ventures. Bearish: competition, content costs, slowing growth. Rich valuation at 5.7x EV/Rev, 41x EV/EBIT.
Read full article (8 min)