Spotify Technology SA (SPOT)
NYSE:SPOT
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SPOT Stock Chart & Stats
$536.61
$13.42(2.89%)
At close: 4:00 PM EST
$536.61
$13.42(2.89%)
Day’s Range― - ―
52-Week Range$405.00 - $785.00
Previous CloseN/A
Volume868.52K
Average Volume (3M)2.63M
Market Cap
$102.29B
Enterprise Value$83.06B
Total Cash (Recent Filing)$8.76B
Total Debt (Recent Filing)$476.50M
Price to Earnings (P/E)32.6
Beta0.91
Next Earnings
Jul 29, 2026EPS Estimate
3.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)13.21
Shares Outstanding205,832,520
10 Day Avg. Volume2,325,383
30 Day Avg. Volume2,629,442
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 Cap0.81
Enterprise Value/Revenue4.74
Enterprise Value/Gross Profit14.66
Enterprise Value/Ebitda28.02
Forecast
1Y Price Target
$604.09Price Target Upside12.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering25
EPS Forecast (FY)12.68
Revenue Forecast (FY)$19.48B
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
SPOT FAQ
What was Spotify Technology SA’s price range in the past 12 months?
Spotify Technology SA lowest stock price was $405.00 and its highest was $785.00 in the past 12 months.
What is Spotify Technology SA’s market cap?
Spotify Technology SA’s market cap is $102.29B.
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 51 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Apr 28, 2026. The company reported $3.977 earnings per share for the quarter, beating the consensus estimate of $3.425 by $0.552.
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 does not currently pay dividends.
What is Spotify Technology SA’s EPS estimate?
Spotify Technology SA’s EPS estimate is 3.16.
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 $3.977 in its last earnings report, beating expectations of $3.425. Following the earnings report the stock price went down -12.428%.
Which hedge fund is a major shareholder of Spotify Technology SA?
Currently, no hedge funds are holding shares in SPOT
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:
$604.09 (12.57% Upside)
$604.09 (12.57% Upside)
Blogger Sentiment
Neutral
SPOT Sentiment 50%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 70.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $22.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 2.7%
Last 30 Days ▼ 2.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-30.28%
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., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.
SPOT Company Deck
SPOT 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 SPOT earnings summariesSPOT Revenue Breakdown
88.17% Premium
11.83% Ad-Supported
SPOT Stock 12 Month Forecast
Average Price Target
$604.09
▲(12.57% Upside)
Technical Analysis
Ownership Overview
10.04% Insiders
13.98% Mutual Funds
25.43% Other Institutional Investors
44.53% Public Companies and Individual Investors