Spotify Technology S.A. (SPOT)
| Market Cap | 61.57B |
| Revenue (ttm) | 15.04B |
| Net Income (ttm) | -119.57M |
| Shares Out | 195.12M |
| EPS (ttm) | -0.64 |
| PE Ratio | n/a |
| Forward PE | 67.57 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 851,554 |
| Open | 314.02 |
| Previous Close | 313.84 |
| Day's Range | 309.43 - 316.65 |
| 52-Week Range | 129.23 - 331.08 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 304.21 (-3.59%) |
| Earnings Date | Jul 23, 2024 |
About SPOT
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. 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 users on their computers, tab... [Read more]
Financial Performance
In 2023, SPOT's revenue was 13.25 billion, an increase of 12.96% compared to the previous year's 11.73 billion. Losses were -532.00 million, 23.7% more than in 2022.
Financial numbers in EUR Financial StatementsAnalyst Forecast
According to 29 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $304.21, which is a decrease of -3.59% from the latest price.
News
Stocks To Watch in July
The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares...
These 3 trends will dominate advertising: Spotify's Lee Brown
The annual Cannes Lions International Festival of Creativity kicks off in Cannes, France on Monday, with some of the leading media companies gathering to celebrate innovation in advertising and relate...
Bullish on ABNB, SPOT, UBER
Airbnb (ABNB), Spotify (SPOT), and Uber (UBER) are today's Big Three. Mike Shorr and Rick Ducat discuss the technical trends, as well as how to trade these stocks.
Spotify Technology S.A. to Announce Financial Results for Second Quarter 2024
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its second quarter 2024 financial results and deck to shareholders on Tuesday, July 23, 2024 before market open. The company w...
Spotify Adds a New Lower-Priced Subscription Plan for U.S. Subscribers
Spotify Technology (SPOT) on Friday announced a new lower-priced subscription plan in the U.S.
Spotify launches new basic streaming plan in US
Spotify introduced a new streaming plan for users in the United States on Friday, after raising prices for its premium plans earlier this month.
Spotify launches a new Basic streaming plan in the US
Spotify is introducing a new “Basic” streaming plan in the United States, the company announced on Friday. The new plan costs $10.99 per month and includes all of the benefits of a Premium plan but wi...
Spotify quietly lets all podcasters upload videos, surpasses 250K shows
Spotify is now letting non-hosted podcasters upload videos to the platform. The company quietly rolled out the new feature last week, a Spotify spokesperson confirmed to TechCrunch.
Music Publishers File FTC Complaint Against Spotify Claiming ‘Fraudulent' Practices
“Spotify has declared war on songwriters. Our response shall be all-encompassing.
Spotify announces an in-house creative agency, tests generative AI voiceover ads
Spotify announced on Thursday that it's venturing further into the ad space with its first in-house creative agency called Creative Lab, helping brands create custom marketing campaigns. It will also ...
Bullish on CAVA, CMG & Bearish on SPOT
Cava (CAVA), Chipotle (CMG), and Spotify (SPOT) are today's big three stocks. Joel Hawthorne and Ben Lichtenstein discuss how to trade and the technical trends of these names.
Spotify Faces FTC Complaint From Music Publishers
Spotify is facing an FTC complaint from music publishers and songwriters over royalties. As Bloomberg News reported, the National Music Publishers' Association (NMPA) filed the complaint with the Fede...
Spotify is planning a more expensive subscription for music nerds
Spotify is launching an extra-premium subscription for better audio and playlist tools. The new tier will cost users at least $5 more monthly, with pricing varying by base plan.
Spotify (SPOT) Introducing New Higher-Priced Premium Plan
Spotify (SPOT) is introducing a new higher-priced premium plan, according to Bloomberg. Renita Young discusses this as the new plan with better audio and new tools will be unveiled this year.
Spotify Reportedly Planning Higher-Priced Premium Subscription
Spotify is reportedly readying a new and higher-priced premium plan for its most devoted users. The new plan, set to be unveiled later this year, will charge users at least $5 per month more, Bloomber...
Spotify to introduce expensive plan later this year, Bloomberg News reports
Spotify will introduce a new expensive plan for its most ardent users later this year, Bloomberg News reported on Tuesday, citing a person familiar with the plan.
The Score: Spotify, Nvidia, GameStop and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
Spotify raising US prices for premium plans, again
Sweden-based audio streaming giant Spotify announced Monday it is raising prices for its Premium plans in the U.S. once again, after increasing subcription fees nearly a year ago.
Three Stock Lunch: Johnson & Johnson, Costco & Spotify
Gina Sanchez, Lido Advisors chief market strategist, joins 'Power Lunch' to discuss stock plays for three stocks, including Johnson & Johnson, Costco, and Spotify.
Spotify Stock Rises After Price Hike
Shares of Spotify Technology (SPOT) rose in intraday trading Monday after the streaming music provider announced an increase in subscription prices in the U.S.
Spotify raises U.S. premium prices for the second time in a year
CNBC's Deirdre Bosa reports on news from Spotify.
Spotify hiking prices of premium subscriptions— here's how much it will cost you
Analysts expect the streaming giant could drive further growth by offering tailored subscription plans based on consumer preferences in verticals such as music, audiobooks and podcasts.
Spotify Raises Prices for Second Time in 12 Months
Spotify is raising the prices of its premium plans in the United States, saying it aims to invest in its product features. Beginning immediately for new subscribers and on the July billing date of exi...
Spotify Increases Prices for Second Time in a Year
A new Spotify subscription will now cost you $12 a month.
Spotify Shares Jump on Price Hikes
Shares of Spotify Technology advanced after the audio streaming company said it would raise prices for the second time in a year.