$SPOT has been one of the better IPO comebacks since 2018. Up 305% total, revenue climbed from $6B to $21.3B — a 255% jump — while EPS swung from -$0.50 to $16.28. That's the kind of margin expansion story growth investors dream about.
Consensus is pointing to $28.6B revenue and $28.60 EPS by 2028. If they keep threading the needle on pricing power and cost discipline, this could stay in the "quality compounder" bucket for a while.
Profitability inflection stories like this don't come around every quarter. Worth watching how they manage the next leg of growth without giving back the margin gains.
Consensus is pointing to $28.6B revenue and $28.60 EPS by 2028. If they keep threading the needle on pricing power and cost discipline, this could stay in the "quality compounder" bucket for a while.
Profitability inflection stories like this don't come around every quarter. Worth watching how they manage the next leg of growth without giving back the margin gains.
