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Spotify Technology S.A.
SPOT
NYSE·Communication Services·Internet Content & Information·Mkt cap $97.3B
$487.45
▲ +3.17%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$405.00 - $748.30
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 33.4% 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).
- High premium - requires strong execution
Growth
Strong growth ahead
Expansion of premium subscriber base in emerging markets
Value
High premium - requires strong execution
Momentum
Stable
-3.4% over 3m
Quality
Stable
Excellent business quality
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
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Jul 28, 2026
APR 28, 2026
Reported EPS of $4.04 vs $3.41 consensus (+18.5% surprise). Revenue of $5.2B vs $5.2B expected (+0.1%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+18.5%
Next: Jul 28, 2026
Revenue trend · last 8Q
—
—
+16%
+15%
+10%
+7%
+7%
+10%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$3.8B
$4.0B
$4.2B
$4.2B
$4.2B
$4.3B
$4.5B
$4.6B
Margins · last 8Q
Gross
32.9%
Operating
15.8%
Profit
15.9%
Wall Street consensus
15 analysts · 87% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
87%
Hold
13%
Sell
0%
Median Price Target
$605.00
▲ +24.1% vs $487.45
Latest: Cantor Fitzgerald · $520.00 · May 26, 2026
10 analysts covering
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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