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)2.23M
Market Cap
$93.76B
Enterprise Value$76.53B
Total Cash (Recent Filing)$8.76B
Total Debt (Recent Filing)$476.50M
Price to Earnings (P/E)30.3
Beta0.90
Next Earnings
Aug 04, 2026EPS Estimate
3.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)13.21
Shares Outstanding205,832,520
10 Day Avg. Volume1,949,819
30 Day Avg. Volume2,229,330
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 Cap0.82
Enterprise Value/Revenue4.37
Enterprise Value/Gross Profit13.51
Enterprise Value/Ebitda25.82
Forecast
1Y Price Target
$607.23Price Target Upside13.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering24
EPS Forecast (FY)12.68
Revenue Forecast (FY)$19.48B
Bulls Say, Bears Say
Bulls Say
Strong Liquidity & FCFLarge cash balance and robust free cash flow provide durable financial flexibility: they fund buybacks, repay or restructure liabilities, sustain investments in product and AI, and provide a sizable buffer against cyclical ad weakness or timing-driven cash volatility over the next several quarters.
Margin & Profitability InflectionSustained margin expansion and meaningful operating income show improved unit economics: higher ARPU and better cost control reduce reliance on raw user growth, supporting durable operating leverage and healthier cash generation as Spotify scales premium and monetized offerings.
Ad-stack & Product Monetization ProgressStructural shift to programmatic and automated sales increases scalable ad monetization and pricing flexibility. As biddable inventory grows, Spotify can capture higher CPMs and expand TAM access, enabling longer-term ad revenue resilience once execution and yield curves normalize.
Bears Say
Weak Ad-supported GrowthPersistently slow ad revenue growth constrains top-line expansion and puts pressure on blended monetization. If ad traction remains muted, Spotify must rely more on premium ARPU gains and new product monetization to sustain revenue momentum and justify ongoing content and platform investments.
Elevated Operating ExpensesHigher, persistent AI compute and marketing investment raises the base cost structure. If productivity gains or monetization benefits lag, elevated OpEx can compress operating margin durability and require sustained revenue upside to maintain current profit and cash-flow levels over coming quarters.
Content Moderation & Regulatory RiskLarge-scale removal of fraudulent content and a senator-led probe highlight structural moderation and regulatory exposure. Remediation and compliance will likely require ongoing investment, increase operational risk, and could dent advertiser trust or invite regulatory scrutiny across markets.
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 $93.76B.
When is Spotify Technology SA’s upcoming earnings report date?
Spotify Technology SA’s upcoming earnings report date is Aug 04, 2026 which is in 40 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Apr 28, 2026. The company reported $3.918 earnings per share for the quarter, beating the consensus estimate of $3.374 by $0.544.
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 3.12.
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 $3.918 in its last earnings report, beating expectations of $3.374. 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:
$607.23 (13.16% Upside)
$607.23 (13.16% 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 ▼ 0.6%
Last 30 Days ▼ 4.5%
Last 30 Days ▼ 4.5%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-39.32%
12-Months-Change
Fundamentals
Return on Equity
35.18%
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 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.
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
$607.23
▲(13.16% Upside)
Technical Analysis
Ownership Overview
10.04% Insiders
14.14% Mutual Funds
25.44% Other Institutional Investors
44.21% Public Companies and Individual Investors