그저 연습 삼아 주식 종목 하나에 대해 알아봤다. 아직은 잘 모르겠지만 앞으로 밸류이션 하는 법을 배워서 회사의 가치를 좀 더 정확하게 판단할 수 있게 됐으면 좋겠다.
Spotify (NYSE:SPOT)
참고자료 : Spotifyfinancials https://investors.spotify.com/financials/default.aspxSpotifyusageandrevenuestatistics(frombusinessofapps)www.menabytes.com/anghami-journey-public-markets/ofmusicstreaminghttps ://www.menabytes.com/anghami-journey-public-markets/
● Spotify is the world’s biggest music streaming platform by number of subscribers.It operates on a freemium model, meaning free Spotify access comes with lower sound quality, and advertisements, and requires an internet connection, whereas those who pay for Spotify Premium can listen uninterrupted to high-quality recordings, and are able to download songs to any device on which they have the Spotify app.One of Spotify’s most-loved features is the user-specific playlists generated at first weekly and now daily for each listener, based on their listening history.
Some facts:- Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek and Martin Lorentzon.- It went public in April 2018, with a valuation of $26.5 billion by the end of the first day’s trading.- A couple of years ago, it announced that audio, not just music, will be the future of Spotify. Spotify has been investing a lot on podcast since then. For instance, in November 2020, it aquired Megaphone, a podcast platform. (See https://newsroom.spotify.com/2020-11-10/how-spotify-is-strengthening-our-investment-in-podcast-advertising-with-acquisition-of-megaphone/)- Currently available across 95 countries- In February 2021, it launced its service in South Korea.- On February 22, 2021, Spotify announced its plan to expand its service to 80+ new markets, which will result in 170+ markets in total, representing more than 1 billion people. (See https://newsroom.spotify.com/2021-02-22/spotify-expands-international-footprint-bringing-audio-to-80-new-markets/ for the list of countries)
Some key stats : -345 million monthly active users (in Q4 2020), showing 27% growth compared to Q4 2019-155 million premium subscribers (in Q4 2020), showing 24% growth compared to Q4 2019 – It has been operating at loss inception, premium subscribers (in Q4 2020), showing 24% growth compared to Q4 2019 – It has been ating ating at
● Summary of financial data
● Stats of MAUs (monthly active users) and Premium Subscribers
Spotify MAUs and subscribers graph:
MAUs by region, Q4 2019 data:
Subscribers by region, Q4 2019 data:
As Spotify keep s expanding its service to more countries, we expect the MAU growth in the “Rest of the World” will continue.
● Streaming share of global music market revenue has been growing, and now it is the dominant medium through which music is consumed.
● Competition with Apple, Amazon, and Google-Apple Musichas about 70 million paid subscribers, which is roughly half of Spotify’s (See https://www.digitaltrends.com/music/apple-music-vs-spotify/)- Apie chart, 2019 data
Another piechart
Spotify vs Apple Music growth of subscribers :
● Spotify’s ARPU (iverage revenue per user) has been declining, probably due to student / family subscriptions and expansion intonew territories.
