Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile 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 based in Luxembourg City, Luxembourg.
Streaming Dominance | Spotify leads with 30% market share in music streaming, boasting 640M+ users across 180+ markets, and a $134B market cap |
Financial Resilience | Explore Spotify's robust 17.2% YoY revenue growth, improved gross margins, and projected EBIT margin expansion to 12% by 2026 |
Strategic Expansion | Delve into Spotify's ambitious goal of 1B users by 2030, leveraging podcasts, audiobooks, and AI-driven personalization |
Market Challenges | Analyst targets range from $440 to $710, reflecting varied views on Spotify's ability to overcome content costs and fierce competition |
Metrics to compare | SPOT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSPOTPeersSector | |
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P/E Ratio | 108.3x | −5.2x | 5.7x | |
PEG Ratio | 0.10 | −0.08 | 0.01 | |
Price/Book | 20.2x | 4.2x | 1.8x | |
Price / LTM Sales | 7.8x | 1.5x | 1.4x | |
Upside (Analyst Target) | −0.9% | 18.2% | 20.2% | |
Fair Value Upside | Unlock | 22.8% | 15.6% | Unlock |