"Spotify shares fell on the New York stock exchange in the autumn,"
"the music service Spotify's share has begun to recover after the autumn kursras on the New York stock exchange. However, there is still 20 billion in market capitalisation that has gone up in smoke, calculated from the listing in the spring of 2018."
"The twelve-year-old Swedish success story Spotify for a fierce struggle if the revenue from the fast growing musikkonsumtionen on the network."
"Among the opponents are well-capitalized u.s. giants such as hardware giant Apple and the annonsdrivna sökjätten Google. In addition, characterized the sector by a persistent margin pressure from a wide range of platforms with pirated gratismusik."
"Spotify raised the stakes in april of last year, with a listing of its shares on the New York stock exchange. And today is the time for the first financial statements as a listed company."
"Investors are hoping the report to get the signals for improved margins. The target is set at a gross margin – that is to say, what remains when the costs of production deducted from sales revenue – at 30-35%. But profitability will be under pressure then most of it still is about as big market share as possible, keep the conquered positions and to be first out on the new emerging markets."
"In Spotify's own prospects, there is talk that the fourth quarter can provide everything from an operating profit of € 15 million to a loss of up to 35 million euros. Snittprognosen among analysts is according to analysts at SEB around a loss of eur 17 million."
"A loss is no disaster."
"– they Can show that they can grow in this fast pace and keep the losses at reasonable levels, it is absolutely no danger on the roof. The company gives priority to growth in front of that show profitability, " says Joakim Dal, a partner in the London-based investment fund GP Bullhound, which since 2014 is one in a series of Spotifyägare."
"the A and O of the business model is, instead, a large influx of new subscribers. Subscription fees, is now about 90 per cent of the revenue. Ad revenue from Spotify free offer, with significantly lower margins, accounts for the rest."
"the Analyst firm Zacks.com points, however, in an analysis that many new Spotify users are lured into the streamingtjänsten with the so-called family and studenterbjudanden. This will press down the company's so-called arpu, that is to say, the average revenue per user."
"Expansion in the emerging markets gives at the same time not lifting as one might expect. The purchasing power is significantly lower and negative exchange-rate effects eat up a lot."
"the Expectation, however, is on tenterhooks ahead of the financial statements. Spotify's share price has lifted to almost $ 140 per share, among other things, since it is speculated that Spotify is on the way to purchase the Brooklyn-based podcast producer Gimlet for over 200 million dollars."
"Among analysts is the recommendation"
"the Way to this significantly higher valuation than what the company has in the day is long, however, and the end of their perilous. And during the past six months have Spotify share share gone worse than the average for the sector."
"Speculation about the takeover of Spotify is also present, even if it is far from any main trail, among long-term investors, according to Joakim Valley."
"– Spotify is today controlled by the founders, Daniel Ek and Martin Lorentzon. A takeover would need to come up with a very large premium for that they would think it was interesting, " he says."
"We believe that this will be a much larger and more valuable company in five years than what it is today," he adds."