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In 2017, Spotify recorded a staggering loss of about €1.2 billion. This was significantly impacted by non-cash financial charges related to its complex debt structure, specifically its convertible notes. Evan highlighted the need for understanding the nuances of the company’s capital structure to interpret its financial results accurately.
Future Opportunities and Risks
As they explored the company's future, Dylan and Evan considered various paths that Spotify could take to evolve beyond its current model, especially given the intense competition it faces from tech giants, including Apple Music.