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Added to YB: 2025-11-14

Pitch date: 2025-11-12

SPOT [neutral]

Spotify Technology S.A.

-8.17%

current return

Author Info

Company Info

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.

Market Cap

$100.1B

Pitch Price

$651.01

Price Target

N/A

Dividend

N/A

EV/EBITDA

45.60

P/E

72.67

EV/Sales

5.61

Sector

Entertainment

Category

growth

Show full summary:
Spotify: Just Getting Started.

SPOT (earnings): Up 550% since original thesis. Price hikes w/ minimal churn show strong value/price ratio. MAUs up 6x since 2016, FCF/share up 27x. AI-enabled faster iteration driving record shipping speed. New co-CEOs bullish on agentic backend. Expanding beyond music into media platform. Strong flywheel: better product → engagement → retention → business growth.

Read full article (4 min)