With 100 million users (including 35 million paid), it’s tempting to declare Spotify the winner in the battle for streaming music supremacy. But remember this… competitor Apple, which has a market cap of $520 billion and $231 billion in cash, yesterday reported a quarterly net profit of $7.8 billion – and that, on a good day, is about what all of Spotify is worth.
Google has $73 billion in cash tucked away and earlier this year reported a quarterly net profit of $3.97 billion so it would take them six months to pay for Spotify from net profits at its current total valuation of $8 billion.
