Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
Streaming Dominance | Explore Spotify's commanding 30% market share in global music streaming, with over 640 million users across 180+ markets, positioning it as an audio powerhouse |
Content Evolution | Delve into Spotify's strategic expansion beyond music, venturing into podcasts, audiobooks, and video content to diversify revenue streams and enhance user engagement |
Financial Trajectory | Analysts project Spotify's revenue growth between 13-17% annually from 2023 to 2026, with EPS potentially reaching €12.0 by 2026 and price targets ranging from $480 to $825 |
Market Challenges | Uncover the competitive pressures Spotify faces from tech giants and regional players, balancing content costs with the need for innovation in a rapidly evolving industry |
Metrics to compare | SPOT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSPOTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 58.7x | 17.0x | 5.9x | |
PEG Ratio | 0.62 | −0.27 | 0.01 | |
Price/Book | 10.6x | 4.1x | 1.8x | |
Price / LTM Sales | 4.9x | 2.6x | 1.5x | |
Upside (Analyst Target) | 49.1% | 59.6% | 30.7% | |
Fair Value Upside | Unlock | 22.3% | 14.0% | Unlock |