Last.fm
-45%
est. 2Y upside i
Rank
#3890
Sector
Media & Entertainment
Est. Liquidity
~3Y
Data Quality
Data: MediumThe equity opportunity in Last.fm is highly nuanced due to its status as a subsidiary of Paramount Skydance Corporation, making traditional startup equity analysis less applicable.
Last updated: February 24, 2026
Last.fm successfully leverages its unique data and community to expand its subscription base and B2B data offerings, leading to a higher internal valuation or a strategic divestiture at a premium.
Last.fm maintains its niche user base and profitability within Paramount Skydance, continuing its current operational trajectory without significant growth or decline.
Increased competition from dominant streaming platforms and a lack of significant investment from its parent company lead to a decline in user engagement and revenue, potentially resulting in a reduced internal valuation or a decision by Paramount Skydance to wind down the service.
Preference Stack Risk
lowAs a subsidiary of Paramount Skydance Corporation, Last.fm does not have a traditional venture capital preference stack; prior investors were acquired in 2007 for $280 million. Any equity offered would likely be phantom equity or parent company stock, where traditional preference stack mechanics do not apply to Last.fm itself.
Dilution Risk
lowFuture dilution from external funding rounds is not applicable as Last.fm is a subsidiary; any equity offered would likely be phantom equity or parent company stock, not subject to typical venture dilution.
Secondary Liquidity
noneThere is no active secondary market for equity specifically in Last.fm as it is a private subsidiary.
Community
Valuation Sentiment
Our model estimates -45% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.