Last.fm NYSE:CBS
-4%
est. 2Y upside i
Rank
#3709
Sector
Online Music / Music Recommendation
Est. Liquidity
~3Y
Data Quality
Data: MediumThe equity opportunity for Last.fm is highly risky due to its position as a small, niche product within a large corporation (Paramount Global) and severe incumbent threat from major streaming services.
Last updated: March 10, 2026
Paramount Global strategically invests in Last.fm, leveraging its unique Audioscrobbler data and established community to launch new premium features or partnerships, driving revenue to $4M-$5M and justifying a hypothetical internal valuation of $30M.
Last.fm continues to operate as a niche, profitable product within Paramount Global, maintaining its current user base and revenue of ~$2M, leading to a stable hypothetical internal valuation of approximately $16.5M.
Increased competition from dominant streaming platforms or a lack of strategic focus from Paramount Global leads to declining user engagement and revenue, resulting in a hypothetical internal valuation of $9M, significantly impacting common stock value.
Preference Stack Risk
highWith $3M in total funding and a hypothetical current valuation of $15M for Last.fm as a business unit, investors hold a meaningful preference stack of $3M ahead of common equity.
Dilution Risk
lowAs a subsidiary of Paramount Global, Last.fm is unlikely to undergo further funding rounds that would cause significant dilution for this specific business unit.
Secondary Liquidity
noneThere are no active secondary markets or tender offers for Last.fm as a standalone business unit within Paramount Global.
Questions to Ask at the Interview
Strategic questions based on Last.fm NYSE:CBS's data — designed to show you've done your homework.
- 1
“Given Last.fm's position as a subsidiary of Paramount Global, how does the company plan to compete effectively against dominant players like Spotify and Apple Music, which have integrated similar music discovery features?”
- 2
“The provided data indicates ~$2M in revenue, while some public sources suggest significantly higher figures. Could you clarify Last.fm's current revenue and growth strategy as a business unit within Paramount Global?”
- 3
“Could you elaborate on the specifics of the equity package being offered? Is it in Paramount Global stock, or is it phantom equity tied to Last.fm's internal performance, and what is the basis for its current valuation for this grant?”
Community
Valuation Sentiment
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.