Where Will Spotify Be in 10 Years?
There aren't many digital platforms that have the potential to serve the majority of the world's population. But Spotify Technology (NYSE: SPOT) is one of them. Here's where the audio-streaming company could be in 10 years.
Spotify is the largest subscription audio platform in the world with 138 million paying premium subscribers as of June 30. That figure was up 27% versus the prior-year period. In total, between premium subscribers and the free ad-supported service, the company ended June with 299 million monthly active users, 29% higher versus the prior year.
These numbers sound huge, and they are, but consider that the global population is 7.8 billion people. And the global population excluding China, where Spotify competes through its roughly 8% stake in China's Tencent Music (NYSE: TME), is still 6.4 billion. That represents a lot of opportunity over the next decade or two.
Source Fool.com
