Spotify has 500 million monthly active users, yet the business model economics are far from proven. It doesn't help to grow users without any regard for profitability, or all that is happening is that the losses are getting bigger! In our research, we delve into both the strategic drivers and the key trends in ARPU and gross margin to arrive at our conclusion. Spoiler alert: we are bearish.
Use the podcast player below to listen to our discussion on Warner Music Group and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 8 December 2022) There’s not much that Beethoven, Madonna, Ed Sheeran, Coldplay and David Guetta have in common, other than a shared commercial relationship through Warner Music Group. The company calls itself an expert in the art of amplification, taking artists from small gigs to filled stadiums and top videos on YouTube. With a 200-year history and 1.4 million copyrights, Warner Music Group has a rich history. Returns since the IPO date have disappointed, [...]
Get notified about updates and be the first to get early access to new episodes.
© Copyright 2024 | Magic Markets | All Rights Reserved
