Spotify Technology SA (DE:639)
NYSE:639
639 Stock Chart & Stats
€453.50
€4.45(0.97%)
At close: 4:00 PM EST
€453.50
€4.45(0.97%)
Day’s Range― - ―
52-Week Range€345.15 - €669.00
Previous CloseN/A
Volume303.00
Average Volume (3M)1.08K
Market Cap
€85.05B
Enterprise Value€78.36B
Total Cash (Recent Filing)€8.76B
Total Debt (Recent Filing)€476.50M
Price to Earnings (P/E)30.7
Beta0.80
Next Earnings
Jul 29, 2026EPS Estimate
2.74Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)13.21
Shares Outstanding205,832,520
10 Day Avg. Volume676
30 Day Avg. Volume1,083
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)12.19
Price to Sales (P/S)5.91
P/FCF Ratio35.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€520.86Price Target Upside14.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)10.94
Revenue Forecast (FY)€16.81B
Bulls Say, Bears Say
Bulls Say
Cash Generation & Balance SheetRobust FCF and a large cash position materially improve financial flexibility and fund investments, buybacks, or deal-making without new leverage. The recent note settlement reduced long-term liability risk, supporting durable capital allocation optionality and resilience to cyclical ad swings.
Margin And Profitability ImprovementSustained margin expansion and meaningful operating income demonstrate scalable economics from higher ARPU and cost discipline. Higher gross and operating margins imply structural improvements in content cost management and operating leverage that support durable earnings power over the medium term.
AI Product Adoption & Strategic LicensingA licensing deal with a major rights holder to enable paid AI-driven creation creates a new, recurring monetization path and deeper artist partnerships. Combined with rapid adoption of AI features like DJ/SongDNA, this structurally broadens ARPU and differentiates the platform versus competitors.
Bears Say
Ad‑supported Revenue WeaknessSluggish growth in the ad tier limits upside in a key, scale-dependent revenue stream that funds product experimentation and subsidizes global expansion. Weak ad revenue compresses diversification benefits and increases reliance on Premium ARPU gains to sustain top-line momentum.
Ads Gross‑margin HeadwindRising engagement that increases content-related payouts faster than ad monetization creates a structural margin squeeze in the ad business. If programmatic realization and pricing lag, the ad tier may remain a lower-margin growth driver, constraining consolidated margin expansion.
AI Music Legal & Attribution UncertaintyLegal and attribution questions around AI-derived music could delay monetization, increase licensing costs, or impose restrictive terms. Regulatory or rights-holder resistance would limit scale of AI-driven products and impede a key diversification strategy that underpins long-term ARPU targets.
Spotify News
639 FAQ
What was Spotify Technology SA’s price range in the past 12 months?
Spotify Technology SA lowest stock price was €345.15 and its highest was €669.00 in the past 12 months.
What is Spotify Technology SA’s market cap?
Spotify Technology SA’s market cap is €85.05B.
When is Spotify Technology SA’s upcoming earnings report date?
Spotify Technology SA’s upcoming earnings report date is Jul 29, 2026 which is in 42 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Apr 28, 2026. The company reported €3.45 earnings per share for the quarter, beating the consensus estimate of €2.971 by €0.479.
Is Spotify Technology SA overvalued?
According to Wall Street analysts Spotify Technology SA’s price is currently Undervalued.
Does Spotify Technology SA pay dividends?
Spotify Technology SA pays a Notavailable dividend of €0.285 which represents an annual dividend yield of N/A. See more information on Spotify Technology SA dividends here
What is Spotify Technology SA’s EPS estimate?
Spotify Technology SA’s EPS estimate is 2.74.
How many shares outstanding does Spotify Technology SA have?
Spotify Technology SA has 205,832,520 shares outstanding.
What happened to Spotify Technology SA’s price movement after its last earnings report?
Spotify Technology SA reported an EPS of €3.45 in its last earnings report, beating expectations of €2.971. Following the earnings report the stock price went down -15.19%.
Which hedge fund is a major shareholder of Spotify Technology SA?
Currently, no hedge funds are holding shares in DE:639
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Spotify Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
€520.86 (14.85% Upside)
€520.86 (14.85% Upside)
Blogger Sentiment
Neutral
DE:639 Sentiment 50%
Sector Average 63%
Sector Average 63%
Insider Transactions
Sold Shares
Worth €19.8M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-32.49%
12-Months-Change
Fundamentals
Return on Equity
35.34%
Trailing 12-Months
Asset Growth
10.37%
Trailing 12-Months
Company Description
Spotify Technology SA
Spotify Technology S.A., through its various entities, functions as a global provider of audio streaming services. Its operational model is split into two distinct segments: Premium and Ad-Supported. The Premium segment caters to subscribers by granting them uninterrupted, ad-free access to its extensive catalog of music and podcasts, available for both online and offline consumption. Conversely, the Ad-Supported segment delivers online, on-demand music streaming and unlimited podcast access to users, facilitated by advertisements and available across computers, tablets, and various mobile devices. Beyond its core streaming offerings, Spotify also manages functions like sales, marketing, outsourced research and development, and comprehensive customer support. By the end of 2021 (December 31), the platform had amassed a significant global user base, comprising 406 million monthly active users and 180 million premium subscribers spanning 184 nations and regions. Incorporated in 2006, the firm's corporate headquarters are situated in Luxembourg, Luxembourg.
639 Company Deck
639 Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a largely positive operational and financial picture: MAU and revenue growth accelerated, Premium ARPU and gross margin expanded, operating income and free cash flow were strong, and AI-driven product adoption is gaining traction. That said, there are notable near-term challenges: ad-supported revenue growth is muted (~+3% YoY), ad gross margins experienced short-term weakness as engagement-driven content costs outpaced monetization, and operating expenses are elevated as Spotify invests in AI compute and marketing. Management expects these investments to pay off over time with improved monetization (biddable ads, product top-ups) and has provided constructive Q2 guidance, but near-term variability and execution on ad monetization and AI-related content/legal hurdles remain risks.View all DE:639 earnings summaries639 Revenue Breakdown
88.17% Premium
11.83% Ad-Supported
639 Stock 12 Month Forecast
Average Price Target
€520.86
▲(14.85% Upside)
Technical Analysis
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Options Prices
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