Spotify Technology S.A.
SPOT
NYSE·Communication Services·Internet Content & Information·Mkt cap $111.5B
$542.43
▼ -3.16%
P/E
38.20
Mkt Cap
$111.5B
52-Wk Range
$405.00–$745.00
52-Week Range
$405.00 - $745.00
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 24.5% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Proprietary recommendation algorithm and personalization engine
- Largest music and podcast content library with exclusive deals
- Global scale with 184 countries and strong network effects
- Dual revenue model reducing dependence on single income stream
- Brand loyalty and user engagement metrics
Bear Case
2 risks
- Above-average volatility (beta 1.6).
- Significant premium - growth priced in
Growth
Moderate growth ahead
Expansion of premium subscriber base in emerging markets
Value
Significant premium - growth priced in
Momentum
Strong
+7.8% over 3m
Quality
Stable
Strong fundamentals
Dividend
None
No dividend
Smart-money signal
Who's buying SPOT right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 3, 2026
AUG 4, 2026
Reported EPS of $3.03 vs $3.16 consensus (-4.1% surprise). Revenue of $5.5B vs $5.5B expected (-0.3%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-4.1%
Revenue trend · last 8Q
—
+16%
+15%
+10%
+7%
+7%
+10%
+30%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$4.0B
$4.2B
$4.2B
$4.2B
$4.3B
$4.5B
$4.6B
$5.5B
Margins · last 8Q
Gross
—
Operating
—
Profit
11.4%
Wall Street consensus
15 analysts · 80% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
80%
Hold
20%
Sell
0%
Median Price Target
—
Latest: Bernstein · Aug 5, 2026
vs Industry
How SPOT stacks vs Internet Content & Information
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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