Third Point Increases Spotify Position; Spotify, 8.14% of MSCI Sweden ETF, Tops Q4
Third Point boosted its Spotify stake by 100,000 shares and Live Nation position to 1.73 million shares in Q4 FY25. Spotify, which accounts for 8.14% of the MSCI Sweden ETF, posted €4.53 billion in Q4 revenue, €5.16 EPS and guided Q1 revenue of €4.50 billion.
1. Third Point's Q4 Positions
In the fourth quarter of FY25, Third Point LLC opened a new position of 100,000 Spotify shares and increased its Live Nation stake to 1.73 million shares, up from 1.35 million in the prior quarter.
2. Spotify Q4 Results and ETF Impact
Spotify reported €4.53 billion in Q4 revenue and €5.16 earnings per share, beating estimates, then guided Q1 revenue of €4.50 billion versus consensus of €4.57 billion. With its 8.14% weight in the MSCI Sweden ETF, strong results and price hikes could drive inflows into the ETF.
3. Live Nation Position and Antitrust Settlement
Live Nation’s Q4 revenue of $6.31 billion and per-share loss of $0.96 beat forecasts, while its DOJ settlement caps amphitheater exclusivity at 50%, limits service fees to 15%, mandates 13 divestitures and allows third-party ticketing access.