The report highlights Spotify’s exceptional growth in premium subscriptions and continuing expansion into emerging markets.

As well as drawing on current data on revenue, subscriptions, and operational expenditure, we have created detailed projection of Spotify’s growth in earnings, users, and advertising revenues.

Disclaimer: GP Bullhound Sidecar III is an investor in Spotify. GP Bullhound is not or has not been engaged as an advisor to or received compensation from Spotify.