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# Spotify Sees $1.5B Tencent Windfall As Stock Hits New Low (NASDAQ: SPOT)
- URL: https://www.hypebot.com/spotify-sees-15b-tencent-windfall-as-stock-hits-new-low-nasdaq-spot/
- Published: 2018-12-18T09:11:41.000Z
- Updated: 2018-12-18T09:11:41.000Z
- Description: The value of Spotify's stake in Tencent Music nearly double when the Chinese music streamer went public on the New York Stock Exchange last week. Spotify's windfall could top $1.5. Continue reading [https://www.hypebot.com/hypebot/2018/12/spotify-sees-15b-tencent-windfall-as-stock-hits-new-low-nasd
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, NASDAQ, Spotify, stock, Tencent Music, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a819b5200d-150wi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a819b5200d-popup?ref=hypebot.com)The value of Spotify's stake in Tencent Music nearly double when the Chinese music streamer went public on the New York Stock Exchange last week. Spotify's windfall could top $1.5 billion and make the company profitable in Q4\. Spotify stock closed at $120.47 Monday, a post-IPO low. In December 2017, Spotify received over 8.5 million shares valued at about $1 billion as part of a stock swap with Chinese streamer Tencent Music. When Tencent delayed its IPO last quarter, an F-1 Registration Statement revalued Spotify's Tencent investment to $6.52 per share for a total of $1.8 billion. Then Tencent shares debuted at $13 last last week, nearly doubling the Q3 $6.52 per share price estimate. Tencent Music was trading in the $12.13 range as part of an overall market downturn Monday. Even at that price compared to Q3's $6.52 estimate, the post IPO value of Spotify's stake in Tencent has risen 86% to to $3.35 billion, or a $1.55 billion windfall for Spotify. Spotify had earlier predicted that could turn the company profitable, even if just for a single quarter:"The accounting treatment for such a gain could trigger a tax benefit large enough to generate positive Net Income for us in the quarter of the IPO. If such an outcome were to occur, it would be a one-time, non-recurring event. The following quarters we would expect the business to once again generate a Net Loss."