Spotify Form F-1
sec.gov
Spotify Form F-1
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Re: Spotify Form F-1
#2Key numbers:
For the years ended December 31, 2015, 2016, and 2017, we generated €1,940 million, €2,952 million, and €4,090 million in revenue, respectively, representing a compound annual growth rate (“CAGR”) of 45%.
For the years ended December 31, 2015, 2016, and 2017, we incurred net losses of €230 million, €539 million, and €1,235 million, respectively.
For the years ended December 31, 2015, 2016, and 2017, our EBITDA was €(205) million, €(311) million, and €(324) million, respectively.
For the years ended December 31, 2015, 2016, and 2017, our net cash flow (used in)/from operating activities was €(38) million, €101 million, and €179 million, respectively.
For the years ended December 31, 2015, 2016, and 2017, our Free Cash Flow was €(92) million, €73 million, and €109 million, respectively.
Re: Spotify Form F-1
#3By far the most interesting part of this is that they are doing a direct listing. There is no IPO underwriter (the bankers that the HN audience loves to bash). The shares will just start trading, pricing should be fun to watch.
Update: This nugget from the F-1 [1] alludes to the interesting to watch pricing
> Moreover, prior to the opening trade, there will not be a price at which underwriters initially sold ordinary shares to the public as there would be in an underwritten initial public offering. This lack of an initial public offering price could impact the range of buy and sell orders collected by the NYSE from various broker-dealers. Consequently, the public price of our ordinary shares may be more volatile than in an underwritten initial public offering and could, upon listing on the NYSE, decline significantly and rapidly.
[1] https://www.sec.gov/Archives/edgar/data/1639920/000119312518...
Re: Spotify Form F-1
#4I really hope Spotify succeeds. I've mentioned this before on Hacker News, but as an artist, the algorithmic playlists are amazing. On a good week I get ~4,000 new listeners. It's incredible. Discovery Weekly drives the most but Release Radar and Radio also send a good chunk.
Apple Music on the hand hasn't even verified my artist profile— which I need in order to view analytics. So I don't even know if people listen to me there.
Re: Spotify Form F-1
#5By far the most interesting part of this is that they are doing a direct listing. There is no IPO underwriter (the bankers that the HN audience loves to bash). The shares will just start trading, pricing should be fun to watch. Update: This nugget from the F-1 [1] alludes to the interesting to watch pricing > Moreover, prior to the opening trade, there will not be a price at which underwriters initially sold ordinary…
If you'd have to bet, do you think it's going to go significantly up or down within the first few days?
Re: Spotify Form F-1
#6Key numbers: For the years ended December 31, 2015, 2016, and 2017, we generated €1,940 million, €2,952 million, and €4,090 million in revenue, respectively, representing a compound annual growth rate (“CAGR”) of 45%. For the years ended December 31, 2015, 2016, and 2017, we incurred net losses of €230 million, €539 million, and €1,235 million, respectively. For the years ended December 31, 2015, 2016, and 2017, our…
So I guess that would be a compound annual shrink rate, CASR, of 132%.
Re: Spotify Form F-1
#7By far the most interesting part of this is that they are doing a direct listing. There is no IPO underwriter (the bankers that the HN audience loves to bash). The shares will just start trading, pricing should be fun to watch. Update: This nugget from the F-1 [1] alludes to the interesting to watch pricing > Moreover, prior to the opening trade, there will not be a price at which underwriters initially sold ordinary…
If you'd have to bet, do you think it's going to go significantly up or down within the first few days?
Well, that all depends on what the opening trade is!
Re: Spotify Form F-1
#8I really hope Spotify succeeds. I've mentioned this before on Hacker News, but as an artist, the algorithmic playlists are amazing. On a good week I get ~4,000 new listeners. It's incredible. Discovery Weekly drives the most but Release Radar and Radio also send a good chunk. Apple Music on the hand hasn't even verified my artist profile— which I need in order to view analytics. So I don't even know if people listen…
Glad to hear Discover Weekly works out that way for you as an artist.
As a listener, I'm quite happy about it too. Sure, a lof of there is a bit meh to me, but I've easily discovered 50 new artists that I like a reasonable lot through that channel.
Re: Spotify Form F-1
#9It would be super interesting to see if Dropbox and Spotify do well and set an example for profitable tech companies to go public. Companies like Twitter & Snap went public too early IMHO. It’d be a great signal to young entrepreneurs to chase a business model early on.
Re: Spotify Form F-1
#10I really hope Spotify succeeds. I've mentioned this before on Hacker News, but as an artist, the algorithmic playlists are amazing. On a good week I get ~4,000 new listeners. It's incredible. Discovery Weekly drives the most but Release Radar and Radio also send a good chunk. Apple Music on the hand hasn't even verified my artist profile— which I need in order to view analytics. So I don't even know if people listen…
On the other side of this, I love how easy it is to find new music on Spotify! Every week, the "Discover Weekly" playlist nets me at least one or two new artists I end up loving.