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Deep Dive into Spotify: How Many Tencent Musics is it Worth? - Longbridge

longbridge.com · 4,637 words · saved by 1 readers

Profitability is the core key that affects valuation.

1. The reasons for the profit gap among the three major platforms Objectively speaking, Spotify's loss problem is not serious, as most of the time in history it has struggled around the breakeven line rather than huge losses. In fact, it achieved an operating profit of 170 million euros in the first quarter of 2024. However, due to the minimal improvement in comprehensive gross profit margin (up 1 percentage point compared to the previous period), there have been fluctuations between profit and loss in the past. Therefore, the market actually hopes for a more stable trend of profit improvement

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