Added to YB: 2026-02-23
Pitch date: 2026-02-19
SPOT [bullish]
Spotify Technology S.A.
+1.09%
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
$83.2B
Pitch Price
$485.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.72
P/E
38.46
EV/Sales
4.51
Sector
Entertainment
Category
growth
Revisiting Spotify & music's long term value
SPOT (added to position): Outperformed 2025 thesis - MAU grew 10-12% vs 8% est, 38% premium ratio held strong. Ad ARPU remains key upside (100% potential increase to match radio). Premium tier launching Sept 2026, targeting 7% conversion at 50% price premium. Path to $5B op income by 2027 vs current $100B market cap. Strong moats, no AI disruption risk. Label deals done.
Read full article (4 min)