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Spotify (ticker: SPOT) is an audio streaming platform that was founded in Sweden in 2006. Spotify boasted nearly 345 million Daily Active Users in 2020 posted strong financial results for FY 2020.
This blog will help you understand the numbers behind Spotify’s FY 2020 results, the performance of the SPOT stock, and how you can buy Spotify shares from India for as low as $1 using Cube Wealth.
Important: Please consult a Cube Wealth Coach or financial advisor before investing in any US stock.
Spotify went public in April 2018 by choosing a direct listing approach instead of the traditional IPO model. It went live on the New York Stock Exchange (NYSE) with the ticker symbol SPOT.
Spotify’s reference price was $132 but opened above $165 on its first day on the NYSE. SPOT is trading at $280.37 as of 19th April 2021 with a market cap of $53.493 billion.
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1. Stock Name: Spotify Technology S.A. (SPOT)
2. Share Price: $280.37*
3. Market Cap: $53.493 Billion
4. Beta: 1.57
5. 52 Week Low: $136.62
6. 52 Week High: $387.44
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Fun Fact: The name Spotify was coined as a result of a misheard word yelled out by Martin Lorentzon to Daniel Ek, the co-founders of Spotify.
1. Spotify FY 2020 revenue of €7.8 billion in 2020 was up by more than €1 billion compared to 2019.
2. Premium revenue grew by €1.04 billion in 2020, up by 17% year-over-year.
3. Premium subscriptions increased by 24% in 2020.
4. Ad-supported revenue increased by 10% to €745 million from €678 million in 2019.
5. Spotify’s Monthly Active Users (MAUs) have grown by 26% in Europe, 17% in North America, 49% in the rest of the world.
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1. Spotify’s free cash flow went down in 2020 by approximately €257 million.
2. Growing competition from Apple Music, Amazon Music, YouTube Music, and other audio streaming services.
5 Important Things to Keep in Mind Before Investing in US Stocks
The Cube Wealth app makes it easier for investors to buy Spotify stock from India. To start with, Cube helps you open a brokerage account with DriveWealth, Cube’s US brokerage partner.
Furthermore, Cube gives you access to world-class US stock advice from RIA, Rick Holbrook. Rick’s advice can help you understand whether you shou kild buy or sell the SPOT stock.
Rick manages ~$130 million in assets for HNIs and has been in the game for 40+ years. The best part? Investors can buy US stocks from India for as low as $1 using Cube Wealth.
Here's how you can get started:
Cube is simple to use, intuitive and reliable. There’s no complex dashboards, graphs, or jargon. Get The Free Cube App Now
Watch this video to know more about US stock advice on Cube Wealth
Ans. Yes, you can invest in Spotify stock from India using a reliable app like Cube Wealth. Spotify stock (ticker: SPOT) has grown by 47% since its IPO in 2018. Indian investors can invest in SPOT for as low as $1 using Cube. Take Me To The App
Ans. No, Spotify does not pay a dividend. However, you can invest in other dividend stocks like Microsoft (ticker: MSFT), Intel (ticker: INTC), Apple (ticker: AAPL) using Cube Wealth.Cube allows you to buy US stocks for as low as $1. Invest Now
Read our popular US stock stories on:
1. Microsoft
2. Amazon
3. Netflix
4. Alibaba
5. Facebook
*Facts & figures are accurate as of 19-04-2021.
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