Quantcast
REPORT: SPOTIFY VALUE UP TO $16B

Spotify’s valuation is up to $16 billion, Reuters is reporting, about $3 billion higher than estimated in June. The combination of demand and growing numbers of subscribers means it could be worth $20 billion when it goes public in 2018.

Reuters made the calculation based on private trades executed by employees, founders and investors. Spotify would not comment.

The valuation number could easily continue to rise, possibly as high as $50 billion.

Technology investment and advisory firm GP Bullhound, which owns shares in Spotify, conducted a survey that got to that rarified number by noting its continued role as a market leader, and the rise in subscribers to 60 million from 5 million in 2012. Revenues last year were $3.4 billion.

By comparison, Netflix’s valuation of $20 billion is seven times expected 2017 sales. The $13 billion valuation of Spotify in June was based on four times 2016 sales. Those calculations, however, were based on numbers from prior agreements with the three major labels.

Spotify is looking to land a direct listing on the New York Stock Exchange in the first or second quarter next year.

 

 

TOP 20: AFTER EFFECT
Sometimes art and commerce are totally in sync. (3/26a)
PND & RIHANNA COLLAB ON "BELIEVE IT"
Let's get the PARTY started. (3/26a)
MAYBE, JUST MAYBE: PART 3
Alternate title: Home Alone 3 (3/26a)
iHEART ADDS TO SUNDAY'S LIVING ROOM SPECIAL (UPDATE)
Live music on TV! (3/27a)
VIRTUAL CONCERT AND LIVESTREAM ROUNDUP (UPDATED DAILY)
Giving home entertainment new meaning (3/28a)
RUBBER GLOVES
Do you have to wear them to work?
MARCH MADNESS
Oh, that's a sports thing too? We just meant that we're losing our minds.
VIRAL MARKETING
How we talk about the Coronavirus.
BERNIE
Can he crash on your couch?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)