![]() ![]() In the recent quarter, MAUs were up 29%, including 27% premium subscriber growth and 31% ad-supported MAU growth. One, Spotify continues to rack up monthly active users at a higher rate than revenue. Still, investors have bid up the stock this year. Revenue growth also hasn't been anything to write home about, coming in at just 13% last quarter, as advertising-related declines weighed on otherwise solid subscription growth of 17%. Last quarter, gross margins came in at just 25.4%, and the company recorded an operating loss of $167 million. However, unlike many high-growth software companies, Spotify currently sports rather low gross margins. SPOT Year to Date Total Returns (Daily) data by YCharts ![]() Spotify's price-to-sales ratio of six times isn't very high many high-growth software companies sport P/S ratios multiples higher than that. The stock has been on a torrid run this year, up a whopping 71.7% for 2020 thus far, and receiving a market cap of nearly $50 billion dollars.Īt first glance, that may seem like quite a lofty valuation. Spotify ( SPOT 1.98%) has clearly been deemed a winner of the COVID-19 stay-at-home economy. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |