Professional
Added to YB: 2025-07-29
Pitch date: 2025-07-15
SPOT [neutral]
Spotify Technology S.A.
-15.26%
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
$100.1B
Pitch Price
$705.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
45.60
P/E
72.67
EV/Sales
5.61
Sector
Entertainment
Category
growth
JDP Survivor & Thriver Fund Portfolio Holding: Spotify Technology S.A.
SPOT (holding update): Core thesis - audio undervalued online. Apple's forced App Store compliance (both US & EU) enables direct billing relationship with users, reducing friction & 15% fees. Will lower churn, enable seamless Premium upgrades & audiobook/service credits. Platform evolving into marketplace for creators. Only €2B ad revenue vs YouTube's $25B+. 1B users expected in 18mo. 30x 2026E EBITDA but €20B op earnings target suggests upside.
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