Spotify Technology SA
SPOT: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|JR | LOCK|mjx@& | LOCK|$^#<t<V |
Spotify’s Business Is Very Healthy, and Its Advantage Over Competition Is Widening
Business Strategy and Outlook
Our outlook for Spotify is bright, due mainly to the opportunity we see for the global music streaming market to expand and the moat we think the firm has to keep its edge over competitors. Spotify operates in more than 180 countries and has nearly 700 million monthly active users and over 250 million paying subscribers, more than double any competitor.
