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SPOTIFY TECHNOLOGY S.A.

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Spotify Technology S A : One Year After Launch, Local Artists and Hip-Hop Rock Russia

07/19/2021 | 02:31am EDT

Exactly one year ago, Spotify launched in Russia. Since then, Spotify has built a strong fan base across the country, with our most active listeners tuning in from Moscow, St. Petersburg, Yekaterinburg, Krasnodar, and Novosibirsk.

In honor of this anniversary, we took a look into the streaming data to see which artists, songs, genres, and playlists Russians are streaming the most. What we found? Listeners showcase their country pride by streaming local artists, and Russian hip-hop reigns supreme.

Take a look:

The thirst for Russian hip-hop is best represented by the country's top-streamed solo male artists-MORGENSHTERN, Scriptonite, kizaru, LSPand PHARAOH-all five of whom are rappers from Russia, Kazakhstan, or Belarus. Other Russian rappers, including Boulevard Depo, SLAVA MARLOW, and MAYOT, also saw their songs and albums in the top 5.

Disclaimer

Spotify Technology SA published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 06:30:29 UTC.


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Financials
Sales 2021 9 535 M 11 200 M 11 200 M
Net income 2021 -118 M -139 M -139 M
Net cash 2021 1 830 M 2 150 M 2 150 M
P/E ratio 2021 -324x
Yield 2021 -
Capitalization 38 281 M 44 942 M 44 966 M
EV / Sales 2021 3,82x
EV / Sales 2022 3,17x
Nbr of Employees 5 584
Free-Float 70,4%
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Technical analysis trends SPOTIFY TECHNOLOGY S.A.
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 200,05 €
Average target price 244,54 €
Spread / Average Target 22,2%
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Managers and Directors
Daniel Ek Chairman & Chief Executive Officer
Paul Aaron Vogel Chief Financial Officer
Stig Gustav Victor S÷derstr÷m Chief Research & Development Officer
Martin Lorentzon Independent Director
Cristina Stenbeck Independent Director
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