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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.

[caption id="attachment_959944" align="aligncenter" width="750"] Photo by Heidi Fin on Unsplash[/caption]

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. SPOT’s Q3 2025 results confirmed a...