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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, July 26, 2023

Spotify Earnings. Spotify Is Undervalued


Spotify reported its Second Quarter 2023 earnings.

Monthly average users grew by 27 % year on year. Spotify's stock fell a lot after hours.

This price development makes Spotify even more undervalued.

According to Wolfteam Ltd.'s estimates Spotify's intrinsic worth is 120 billion USD.

Several times above its current market capitalization. Spotify just has too many users and too high a revenue and is even profitable for such a comparatively low market capitalization of 27.15 billion USD.

Spotify did raise prices for its premium plan, which could hurt user growth in the long-run, but according to Wolfteam Ltd.'s assumptions user growth will not stall so much as some analysts assume.

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