Spotify Technology S.A.

Spotify Technology S.A.

SPOT

Market Cap$127.77B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Spotify Technology S.A.Spotify Technology S.A.110.6-21%8.40.6

Earnings Call Q4 2024

February 4, 2025 - AI Summary

Strong Q4 Performance: Spotify achieved record highs for Monthly Active Users (MAU) with a net increase of 35 million, reaching a total of 675 million. They also recorded 11 million net subscriber additions, totaling 263 million, marking the best Q4 for MAU net additions since 2019. Total revenue reached EUR 4.2 billion, reflecting a 17% year-on-year growth on a constant currency basis.
2025 Focus on Accelerated Execution: Daniel Ek coined 2025 as the "year of accelerated execution," emphasizing the need to innovate rapidly, invest in core music experiences, and maintain disciplined resource allocation. The company plans to enhance its product velocity significantly while focusing on the most lucrative segments of its user base.
Advertising Business Opportunities: Despite a disappointing growth rate in advertising (6% currency-neutral growth), Spotify is transitioning to automation and programmatic advertising. This shift may unlock new demand and improve ad revenues as they build a unified supply platform, with expectations for a substantial scale by 2026.

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$522.86

Target Price by Analysts

17% downsideSpotify Technology S.A. Target Price DetailsTarget Price
$108.61

Current Fair Value

82.8% downside

Overvalued by 82.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$127.77 Billion
Enterprise Value$126.04 Billion
Dividend Yield$0 (0%)
Earnings per Share$5.5
Beta1.63
Outstanding Shares206,896,694

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio110.57
PEG-17.71
Price to Sales8.4
Price to Book Ratio24.24
Enterprise Value to Revenue8.03
Enterprise Value to EBIT89.43
Enterprise Value to Net Income110
Total Debt to Enterprise0.02
Debt to Equity0.55

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Spotify Technology S.A.

CEO: Daniel Ek