Spotify (639) Price & Analysis
639 Stock Chart & Stats
- Day’s Range
- EUR 496.50 - EUR 530.00
- 52-Week Range
- EUR 345.15 - EUR 598.70
- Previous Close
- EUR 498.00
- Volume
- 93
- Average Volume (3M)
- 447
- Market Cap
- EUR 109.03B
- Enterprise Value
- EUR 90.94B
- Total Cash (Recent Filing)
- EUR 11.23B
- Total Debt (Recent Filing)
- EUR 513.40M
- Price to Earnings (P/E)
- 36.9
- Beta
- 0.78
- Next Earnings
- Feb 09, 2027
- EPS Estimate
- 3.28
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Profitability And Margin Expansion
Spotify’s sharp move from losses to strong operating and net profitability indicates meaningful improvement in its economic model. Higher margins create more capacity to invest in product development, creator tools and international growth while strengthening earnings resilience over the next several quarters.
Balance Sheet And Cash Generation
Very low leverage and substantial equity provide Spotify with financial flexibility to fund organic initiatives, pursue acquisitions and return excess capital without relying heavily on debt. Strong free cash flow conversion also supports resilience if growth or advertising conditions become less favorable.
Subscriber Scale And Product Expansion
A large and expanding subscriber base gives Spotify durable distribution and a broad platform for monetizing additional content formats and creator services. Audiobooks, personalization, AI features and creator tools can deepen engagement, improve retention and increase revenue opportunities beyond core music subscriptions.
Bears Say
Moderating Revenue Growth
Spotify remains a growing business, but slower recent top-line expansion may make it harder to sustain the pace of operating leverage and shareholder returns achieved during the turnaround. Moderating growth also increases the importance of successful monetization from newer products and markets.
Advertising Monetization Still Developing
Advertising remains an important second revenue engine, yet its growth has not consistently reached double digits. Continued reliance on improving automated sales, podcast sponsorships and ad monetization means the platform’s free-user scale has not fully translated into equally strong advertising expansion.
Volatile Free Cash Flow Growth
Spotify currently produces substantial cash, but the sharp year-over-year decline in free cash flow growth shows that cash expansion has been uneven after strong prior gains. Persistent volatility could constrain the pace of reinvestment or shareholder returns if operating performance weakens.
Spotify News
639 FAQ
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Spotify Stock Smart Score
Company Description
Spotify
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
- Sector
- Communicationservices
- Industry
- Internet Content & Information
- CEO
- Alex Norström
- Employees
- 7,000
- Website
- open.spotify.com
- Address
- Regeringsgatan 19, Stockholm, AB, 111 53, SE
Spotify (639) Earnings & Revenues
639 Company Deck
639 Earnings Call
Earnings Call SentimentPositive
The call was strongly positive. Spotify reported revenue, subscriber growth, gross margin, operating income, and free cash flow at or above expectations; highlighted improving advertising momentum, expanding audiobook and creator offerings, strong AI adoption, and continued investment returns; and provided constructive fourth-quarter guidance. The main challenges were that advertising growth remains at 9% rather than double digits, MAU growth is below last year's record pace, social charges were above forecast, and 2027 guidance was not yet available.
View all DE:639 earnings summaries639 Net sales Breakdown
- 88.17% Premium
- 11.83% Ad-Supported
639 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 4 | 3 |
| Technical Analysis | 3 | 4 | 3 |
| Moving Averages | 12 | 0 | 0 |