Entry 24.05/07
296.00
Stop-Loss
266.00
Target 24.11/13
443.00
Target Price Achievement 49.66%
  • Investing Points
  • Stock Attractiveness



[Recommended Stock Earnings Review]
Spotify, Subscriber Growth Continues in Q3... Up Over 6% in After-Hours Trading

■ Trading Strategy (2024-11-13)

  • Recommendation Rating: Hold
  • Recommendation Price: $296
  • Current Price: $419.39
  • Target Price: $443
  • Current Return: +41.69%

■ Key Q3 Earnings Highlights
  • Continued Growth in Users and Subscribers: As of the end of Q3, Monthly Active Users (MAUs) reached 640 million (+11% YoY), premium subscribers totaled 252 million (+12%), and Premium ARPU increased by 11% YoY.
 
  • Fourth Consecutive Profitable Quarter: Revenue was €3.99 billion (+19% YoY), operating profit reached €450 million (+1319%), and net profit was €300 million (+365%). By segment, Premium revenue was €3.5 billion (+21%), and ad-supported revenue was €470 million (+6%).
 
  • Expansion of Personalized Services and User Experience: Enhanced personalized music experience through AI playlists and AI DJ features, added podcast comment functionality, and expanded the audiobook service to non-English markets.
 
  • Q4 Forecast: MAUs are expected to increase by 25 million to 665 million, premium subscribers to 260 million, with revenue projected at €4.1 billion (+12%) and operating profit of €481 million (swing to profit).
 
  • After-Hours Stock Price Increase Following Earnings Report: Despite revenue missing expectations, operating profit exceeded guidance, and market share increased, leading to a more than 6% rise in after-hours trading. The target price is $443, and if it breaks through $443 in trading after the opening on the 13th, sell it.

Recent Stock Price Trend


■ Previous Trading Strategy
☞ Leads Rare Disease Treatment Market with New Drug Developments
☞ 2Q subscribers increased by 12%...stock price soared by 11.96%
☞ Brokerage Consensus Upgrades Continue... Target Price Raised

Important Notice

All content provided by DataHero is solely for informational purposes and is not posted with the intention to sell or recommend specific stocks.

The content of DataHero is not a research report and should not be used as the sole basis for investment decisions. All investments carry risk, and past performance of financial products does not guarantee future results or returns.

When investing in financial products, one should always be aware of the possibility of financial loss and investors should carefully consider their investment objectives and risks before investing.

Stock Attractiveness

More
65 / 100 Quality

Financial Ratios

Profitability(Annualized)24.09/30
Operating Margin 5.38%
ROA 7.40%
ROE 19.00%
ROIC 48.40%
Stability24.09/30
Current Ratio 170.60%
Debt Ratio 16.92%
Receivable 20D
Growth(YoY)24.09/30
Revenue Growth 12.96%
Net Income Growth Continued loss
R&D/Revenue 13.02%
Valuation24.09/30
PER 94.61
PBR 14.32
PSR 4.39
EV/EBIDTA 54.10

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