Spotify accounts for more than 2/3rd of the global music streaming market.
Music streaming has altered the dynamics of the global music industry, also leading to a revival.
While competition has been catching up with Spotify, the company has continued to grow its subscriber base.
The current market cap of the company significantly exceeds the estimated value of the entire streaming market in 2030E.
Excessive valuation, competition and developing threats (blockchain-based music streaming companies) do not support investment in Spotify.
Spotify (SPOT) is the leading music streaming company in the global music market. Music streaming has been credited with the revival of the music industry and SPOT has been a pioneer, leading from the front. However, the company’s 2/3rd share of the streaming market has not been enough. SPOT continues to make losses due to the complexity of the industry structure and competition. In spite of that, the company’s current market cap exceeds the size of the streaming market revenue in 2030! Thus it would be prudent to avoid investments in SPOT.
Music streaming has altered the dynamics of the global music industry, also leading to a revival.
While competition has been catching up with Spotify, the company has continued to grow its subscriber base.
The current market cap of the company significantly exceeds the estimated value of the entire streaming market in 2030E.
Excessive valuation, competition and developing threats (blockchain-based music streaming companies) do not support investment in Spotify.
Spotify (SPOT) is the leading music streaming company in the global music market. Music streaming has been credited with the revival of the music industry and SPOT has been a pioneer, leading from the front. However, the company’s 2/3rd share of the streaming market has not been enough. SPOT continues to make losses due to the complexity of the industry structure and competition. In spite of that, the company’s current market cap exceeds the size of the streaming market revenue in 2030! Thus it would be prudent to avoid investments in SPOT.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.