Where Will Spotify Be in 10 Years?

Spotify (NYSE: SPOT), the world leader in subscription music streaming, is likely to be multiples of its current size in 10 years. Here's where the company could be by then.

The company's subscription streaming business is growing like crazy. At the end of March, Spotify had 130 million Premium subscribers globally, a figure that grew 31% year over year. Impressively, the company's momentum barely slowed from the 32% growth posted in the year-ago period despite the COVID-19 pandemic.

As impressive as that is, what truly matters is how the business evolves over the long term. How big is the total addressable market for music and audio streaming?

Source Fool.com