![\"<p>Spotify](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The audio streaming company hosted its first investor day since going public in 2018, hoping to stoke Wall Street's enthusiasm despite the slowing global economy.
To reach its ambitious goal, Spotify would need to make its revenue grow nearly 10-fold from 2021 revenue of $11.4 billion, and Chief Executive Daniel Ek also forecast gross margins to jump to 40% and operating margin to 20% in the same time.
\"Spotify will put out these pretty audacious targets and we are going after these because that's how we see the world and we are going to invest behind that,\" Ek said.
Shares of the company rose 6.5% on Wednesday after losing 53% of its market value so far in 2022, worse than the 24% drop in the S&P 500 communication services sector index, which includes Spotify and other media and social network companies.
Ek began the nearly four-hour investor presentation trying to reset Wall Street's perceptions of the company, saying some may think \"we're a bad business or at least a business with bad margins for the foreseeable future.\"
One of the reasons for not reaching its long-term goals was its aggressive spending to build up its podcast and audiobooks platforms. Though Ek said its investments are already performing \"better than you probably expect,\" with gross margins of 28.5%, well on its way to reaching the company's 30%-35% long-term goal.
Spotify's chief content officer, Dawn Ostroff, said the company has committed more than $1 billion to podcasting, and expects podcast revenue to increase materially this year from the $215 million (200 million euros) it made last year. She said the company was still in investment mode, but it believes podcasting to be a $20 billion opportunity.
Ek expects the podcast business to have the potential to generate margins between 40% to 50% and audiobooks to also have margins over 40%. He did not specify how long it would take for the company to hit those numbers.
Apart from music<\/a>, podcasts and audiobooks, Spotify is also planning to enter new types of content over the next 10 years that would boost its average revenue per user, engineering manager Alexander Nordstrom said. He said Spotify was on track to hit its goal of 1 billion users by 2030.
While it has so far been a rough start to the year for streaming companies like Spotify and Netflix<\/a>, the Swedish company<\/a> also faced a controversy over moderating of its popular Joe Rogan podcasts.
The service though continued to add users and paying subscribers in the first quarter, reporting monthly users of 422 million, ahead of the consensus estimate.
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音频流媒体公司投资者举办了它的第一天自2018年上市以来,希望引发华尔街的热情,尽管全球经济放缓。
实现其雄心勃勃的目标,Spotify将需要使其收入从2021年营收为114亿美元,增长近10倍的首席执行官丹尼尔•艾克也预计毛利率跳到40%,营业利润率20%。
“Spotify将这些相当大胆的目标后,我们会因为那是我们如何看待世界和我们要投资背后,”埃克说。
周三该公司股价上涨6.5%后失去其市场价值的53% 2022年迄今,比标准普尔500指数下降24%通信服务业指数,其中包括Spotify和其他媒体和社交网络公司。
埃克开始了近四个小时的投资者表示试图重置华尔街的公司的看法,说有些人可能认为“我们糟糕的业务或者至少一个业务与坏的利润率在可预见的未来”。
没有实现其长期目标的原因之一是其积极消费建立播客和有声读物平台。尽管埃克表示,其投资已经执行“可能比你预期,”毛利润率为28.5%,顺利到达公司的长期目标30% - -35%。
Spotify的首席内容官、总裁表示,该公司已承诺播客逾10亿美元,并预计播客今年营收大幅增加的2.15亿美元(2亿欧元)去年。她说,公司仍在投资模式,但它认为播客是一个200亿美元的机会。
埃克预计,播客业务有可能生成利润率40%到50%之间和有声读物也有利润超过40%。他没有具体说明需要多长时间为公司达到这些数字。
除了音乐播客和有声读物,Spotify还计划进入新类型的内容在未来10年内,将提升其每用户平均收入,工程经理亚历山大·诺德斯特姆说。他说Spotify有望在2030年达到10亿用户的目标。
虽然迄今为止一个粗略的今年开始为流像Spotify这样的公司网飞公司,瑞典公司也面临着争议缓和其流行的乔·罗根播客。
服务虽然继续添加用户和付费用户第一季度报告每月4.22亿的用户,估计前的共识。
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