VIVHY - Vivendi As A Better Way To Play The Global Music Streaming Trend
I had previously wrote several times about Spotify (SPOT):
- Article on Spotify's business model and unique advantages
- Article on Spotify's future plans and valuations
- Article on updating Spotify's podcasting plans.
While, I believe that Spotify is the best music streaming platform despite numerous competitors from Apple, Amazon, Tencent and others, I am less positive about Spotify due to its business model. In its recent Q1 release, MAUs increase by 31% but Premium revenue only increase 23% and Ad-Supported revenue only increased 17%. Premium revenue increased significantly less than premium subscribers growth (also 31%)