Listening to the future: podcasts and emerging markets sustain Spotify´s leadership

Throughout the Equity Research report, a valuation was performed on Spotify, the number one company in the audio streaming industry. The company is expected to continue its growth path leveraged by expanding its premium and ad-supported business, particularly in the emerging markets, and by the incr...

ver descrição completa

Detalhes bibliográficos
Autor principal: Ramos, Miguel Vaz (author)
Formato: masterThesis
Idioma:eng
Publicado em: 2022
Assuntos:
Texto completo:http://hdl.handle.net/10362/140501
País:Portugal
Oai:oai:run.unl.pt:10362/140501
Descrição
Resumo:Throughout the Equity Research report, a valuation was performed on Spotify, the number one company in the audio streaming industry. The company is expected to continue its growth path leveraged by expanding its premium and ad-supported business, particularly in the emerging markets, and by the increased monetization of podcasts in its ad-supported segment. It is issued a “Buy” recommendation, with an expected price of€300,2 per share for the end of 2022, translating in a return of 50,4% for the shareholders.