Spotify Technology S.A. (SPOT): A Bull Case Theory

We came across a bullish thesis on Spotify Technology S.A. on Nikhs’s Substack. In this article, we will summarize the bulls’ thesis on SPOT. Spotify Technology S.A.'s share was trading at $576.79 as of December 2nd. SPOT’s trailing and forward P/E were 74.59 and 42.92 respectively according to Yahoo Finance. Spotify Photo by Heidi Fin on Unsplash Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. SPOT’s Q3 2025 results confirmed a structur ...