Description

Spotify’s First Truly Profitable Year Was Great! But Will It Be EVEN MORE Profitable With The Expansion of Subscription Tiers & Monetization Of Video Content?

Spotify Technology S.A., a leading global audio streaming service, reported a strong conclusion to its fiscal year 2024, highlighted by record metrics across multiple fronts. The company achieved its highest-ever fourth-quarter addition of Monthly Active Users (MAUs) and a substantial increase in premium subscribers, reflecting positively on its growth strategies and customer engagement efforts. Positives from the performance include the notable growth in Spotify’s MAUs, adding 35 million users to reach 675 million, alongside 11 million new subscribers bringing the total to 263 million. This demonstrates robust demand and successful retention across Spotify’s services. Total revenue reached €4.2 billion, representing a 17% year-on-year growth on a constant currency basis, reflecting strong user demand and strategic pricing adjustments. The premium revenue saw a 19% rise, driven by both subscriber growth and Average Revenue Per User (ARPU) benefits from price increases.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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