Added to YB: 2025-08-04
Pitch date: 2025-07-31
SPOT [neutral]
Spotify Technology S.A.
-3.89%
current return
Author Info
The Reservist is building a long-duration high growth portfolio of companies, looking to outperform the QQQ for the next 7 years. In depth stock analysis and portfolio management thoughts. Sign up for the newsletter.
Company Info
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
Market Cap
$100.1B
Pitch Price
$622.00
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 Q2 That Reaffirms the Long Game
SPOT (earnings update): Healthy Q2 despite 'miss' headlines. Premium MAU +12%, ad MAU +10%, beating weak guidance. GM +227bps YoY to 31.5%, 12mo FCF €2.8B. Earnings miss due to FX (-500bps), social costs (accounting quirk), debt charge. True weakness: ad revenue +5% FX-neutral, weak Q3 guide. Management executing well on long-term strategy.
Read full article (5 min)