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Spotify Technology SA
NYSE SPOT
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Spotify Technology SA EBITDA Coverage Ratio 2 year CAGR for the year ending December 31, 2023
Spotify Technology SA EBITDA Coverage Ratio 2 year CAGR is NA for the year ending December 31, 2023. The EBITDA Coverage Ratio measures a company's ability to cover its interest expenses with its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). It indicates the company's capacity to meet interest obligations from its operational earnings. A higher ratio suggests better coverage and financial stability, indicating that the company generates sufficient cash flow to cover its interest expenses. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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Spotify Technology SA EBITDA Coverage Ratio for the year ending December 31, 2022 was -4.90, a -195.41% change year over year.
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Spotify Technology SA EBITDA Coverage Ratio for the year ending December 31, 2021 was 5.13, a 3,074.15% change year over year.
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Spotify Technology SA EBITDA Coverage Ratio for the year ending December 31, 2020 was -0.17, a -119.88% change year over year.
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Spotify Technology SA EBITDA Coverage Ratio for the year ending December 31, 2019 was 0.87, a 14.41% change year over year.
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NYSE: SPOT
| CEO | Mr. Daniel G. Ek |
| IPO Date | April 3, 2018 |
| Location | Luxembourg |
| Headquarters | 42-44, avenue de la Gare, Luxembourg City, Luxembourg, 1610 |
| Employees | 7,721 |
| Sector | Communication Services |
| Industry | Internet content & information |
Description
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.
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StockViz Staff
September 20, 2024
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