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3 “Huh?” Moments in EDM Last Week

Spotify ain’t struggling

spotify

According to sources allegedly familiar with private trades in Spotify shares, the music streaming giant isn’t exactly struggling to bring in money. Huh.

The sources are saying that private trades have valued the company at around $16 billion, which is around a $3 billion increase from just a few months ago. Even at the $13 billion valuation, the company is valued at around four times its sales from 2016. With more than 140 million active users, and that number growing, it’s easy to see why.

According to others, valuations closer to seven times expected sales is a more fitting measurement, which would push the valuation of Spotify closer to the speculated $20 billion listing-price for when the company aims to go public next year. But that may just be the beginning.

“An investor survey led by technology investment and advisory firm GP Bullhound, which owns shares in Spotify, estimated the company’s valuation could reach US$50 billion in a few years.The investors and venture capitalists polled pointed to Spotify’s position as the “undisputed market leader” in music streaming, and to rapid growth in its paying users from 5 million in 2012 to over 60 million today.” – via Financial Post

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Born and raised in the Northwest, professionalized in Pullman. Enjoying the ride that dance music provides in our lovely corner of the country.

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