Let's come to the financials:
I found their Financial Statement for FY22 on their website: https://investors.spotify.com/home/default.aspx
Though it is the data for the whole Company and not solely based for Indian part of it but I found the that the company made a loss of whopping Rs 156.46 crore in FY20, from which I think that the loss for FY21 and Fy22 must be 4 times the losses before.
Daniel Ek once said that : Spotify often operate on a "customer acquisition cost" (CAC) model, which means they may spend more money upfront to acquire new customers (through advertising, promotions, etc.) than they will make from those customers initially. The idea is that over time, those customers will continue to use and pay for the service, making the initial investment worth it.
And it has just penetrated 5% of Indian market , so there's a long journey ahead.
though the stock is falling heavily and I used to be bullish earlier but now I don't have enough confidence in them with itunes and YT music in competition.
Recently it has become the first company to surpass 20cr paid users worldwide, which is astonishing and great.
Let's see who wins between the Dominant Red Team vs Fierce Green Team.
Oh it's gonna be exciting .
Why didn't I chose commerce over science in 11th grade . Economics and Finance is fun , when you have great fin-influencers like warikoo, sharan and prateek.
Comentarios