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Spotify Form F-1

sec.gov

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Re: Spotify Form F-1

#11

Post by actuator »

steve-benjamins wrote: post #4

I 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…

Even I hope so. Discover Weekly and their curated playlists are some of the best I have seen across all music services. Even their cross platform support is the best. Play Music has a terrible app and web UI. Even Apple Music doesn't fare any better.

Re: Spotify Form F-1

#12

Post by actuator »

cronjobma wrote: post #9

It 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.

How are they profitable? They made a loss of € 1,235 last year.

Re: Spotify Form F-1

#13

Post by nopriorarrests »

cronjobma wrote: post #9

It 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.

Excuse me, but Spotify is not profitable, or I miss something?

"For the years ended December 31, 2015, 2016, and 2017, we incurred net losses of €230 million, €539 million, and €1,235 million, respectively"

How is it better than Twitter?

Re: Spotify Form F-1

#14

Post by toomuchtodo »

cronjobma wrote: post #9

It 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.

Can you name a profitable tech company or unicorn going public who is profitable?

Re: Spotify Form F-1

#15

Post by foepys »

actuator wrote: post #11
steve-benjamins wrote: post #4

I 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…

Even I hope so. Discover Weekly and their curated playlists are some of the best I have seen across all music services. Even their cross platform support is the best. Play Music has a terrible app and web UI. Even Apple Music doesn't fare any better.

> Even their cross platform support is the best.

Even if it's based on Electron, their Linux desktop client at least exists and this is reason enough for me to keep being a subscriber. The web player is working but is missing features and has some major bugs (e.g., I cannot "dislike" a song on a playlist). My one wish would be for it to get on the same level of playlist management that Amarok, Foobar2000 and similar music players were on like 15 years ago...

Amazon Music's desktop client, despite also being Electron-based, is only available on Windows and Mac and its usability is so bad, I cannot even describe it. There is a reason why Amazon Music is a lot cheaper: it's worse in every metric beside costs that I were evaluating.

Re: Spotify Form F-1

#16

Post by ABeeSea »

cronjobma wrote: post #9

It 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.

Did you mean unprofitable? Spotify lost $1.5B last year.

Re: Spotify Form F-1

#17

Post by wufufufu »

steve-benjamins wrote: post #4

I 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…

Wow, that sounds great for small/new artists.

Re: Spotify Form F-1

#18

Post by saym »

They've gone from 28 million to 71 million premium subscribers in 3 years with a declining, single digit, churn rate. I'm impressed.

I'm a happy Spotify customer, I hope they continue their growth and become a pillar of the music industry.

Re: Spotify Form F-1

#19

Post by actuator »

riku_iki wrote: post #2

Key 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…

I think one more interesting number is churn of premium customers. It seems to be dropping over time and seems very good: https://www.sec.gov/Archives/edgar/data/1639920/000119312518...

Re: Spotify Form F-1

#20

Post by jonknee »

toomuchtodo wrote: post #14
cronjobma wrote: post #9

It 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.

Can you name a profitable tech company or unicorn going public who is profitable?

Google and Facebook were both profitable when they went public.
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