Spotify impresses at Investor Day – 100 billion USD revenue and 1 billion listeners by 2030!

At the first Investor Day since 2022, Spotify (SPOT, i ) set ambitious goals for 2030, while Co-CEO Gustav Söderström emphasized: "We are seeing strong growth in both free users and subscribers.” Spotify forecasts an average annual revenue growth in the mid-double-digit percentage range by the end of the decade and gross margins between 35% and 40%. The operating margin is also expected to be over 20% in the next four years. The big goal remains 1 billion listeners and a revenue of 100 billion USD. Currently, the company has around 761 million...