For example, Spotify recently launched its services in one of the few large countries that it is still absent from - India. Spotify as an all-encompassing audio platformĪs mentioned in Part I of my Spotify series, despite increasing competition in the streaming space (particularly in the US), Spotify is the undisputed global leader and it continues to expand.
I will argue that despite increasing competition and declining ARPU, Spotify can (with conservative estimates) still manage to double its annual revenue within 5 years through continued overseas expansion. I will also be discussing Spotify's financials in terms of estimating future revenue (in 2023) based on assumptions about premium subscriber growth, monthly ARPU changes as well as the overall total addressable market for the global music streaming industry. In Part II of this series on Spotify ( NYSE: SPOT) I will discuss and evaluate Spotify's future plans and how it plans to compete against its competitors as well as drive future growth.
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