The Big Threat To Spotify Stock (July 2023)
- 8 months ago
Spotify stock analysis
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Spotify stock dropped 14% yesterday after it reported a quarterly loss of €300 million. This was more than double the 125 million loss it made one year ago. At the latest share price, the company now has a market cap of $29 billion. It's got 4.9 billion of cash and investments and 1.3 billion of debt. So the enterprise value is roughly 25 billion.
Taking into account the latest quarter, Spotify has made a net loss of almost €1 billion over the last 12 months. 410 million of that is coming from stock based compensation. Free cash flow has also dropped substantially from 280 million in 2021 to just 28 million over the last 12 months. There are two key reasons for this poor performance.
#stockstowatch #stockstobuy #spotifystock
Join 9000+ investors: https://www.overlookedalpha.com
Spotify stock dropped 14% yesterday after it reported a quarterly loss of €300 million. This was more than double the 125 million loss it made one year ago. At the latest share price, the company now has a market cap of $29 billion. It's got 4.9 billion of cash and investments and 1.3 billion of debt. So the enterprise value is roughly 25 billion.
Taking into account the latest quarter, Spotify has made a net loss of almost €1 billion over the last 12 months. 410 million of that is coming from stock based compensation. Free cash flow has also dropped substantially from 280 million in 2021 to just 28 million over the last 12 months. There are two key reasons for this poor performance.
#stockstowatch #stockstobuy #spotifystock