Added to YB: 2024-09-19
Pitch date: 2024-09-19
SPOT [bullish]
Spotify Technology S.A.
+33.16%
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
$363.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.26
P/E
39.02
EV/Sales
4.58
Sector
Entertainment
Category
growth
Show full summary:
Music Streaming Giant Spotify Poised for Expansion and Enhanced Monetization Opportunities
SPOT: Leading music streaming platform w/ growing market share & pricing power. Margins & cash flow improving. Owns customer relationship. Music streaming undermonetized vs other entertainment. 670M paid subs in 2023, path to 1B+ by 2030. Low global penetration. Super-premium tier launch expected. 23x 2025 FCF vs UMG 28x.
Read full article (2 min)