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Equity research report on spotify technology S.A. market overview of the digital audio content industry

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Resumo:This Equity Research Report analyses Spotify Technology S.A., the global leader in audio streaming, within a rapidly expanding digital audio market including music, podcasts, audiobooks and advertising. We assess Spotify’s strategic position, key value drivers and risks, and build detailed forecasts for users, ARPU and margins through 2034. Applying Discounted Cash Flow and Adjusted Present Value valuations alongside trading and transaction multiples, we derive an implied equity value range for Spotify as of its valuation date of June 30th, 2025.
Autores principais:Emer, Philipp
Assunto:Spotify Artificial intelligence Streaming Subscribers ARPU Digital audio content Music streaming Podcasts Audiobooks Digital audio advertising Entertainment
Ano:2026
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
Descrição
Resumo:This Equity Research Report analyses Spotify Technology S.A., the global leader in audio streaming, within a rapidly expanding digital audio market including music, podcasts, audiobooks and advertising. We assess Spotify’s strategic position, key value drivers and risks, and build detailed forecasts for users, ARPU and margins through 2034. Applying Discounted Cash Flow and Adjusted Present Value valuations alongside trading and transaction multiples, we derive an implied equity value range for Spotify as of its valuation date of June 30th, 2025.