Spotify Technology S.A. (SPOT)
| Market Cap | 91.82B |
| Revenue (ttm) | 16.84B |
| Net Income (ttm) | 781.84M |
| Shares Out | 202.08M |
| EPS (ttm) | 3.84 |
| PE Ratio | 118.22 |
| Forward PE | 53.16 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,720,606 |
| Open | 460.64 |
| Previous Close | 458.32 |
| Day's Range | 452.49 - 460.64 |
| 52-Week Range | 175.00 - 489.69 |
| Beta | 1.56 |
| Analysts | Buy |
| Price Target | 407.90 (-10.23%) |
| Earnings Date | Nov 12, 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, Spotify Technology'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 31 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $407.9, which is a decrease of -10.23% from the latest price.
News
Spotify takes aim at YouTube with a new revenue-sharing program for creators
Spotify is going after YouTube's video podcast dominance with a new revenue program for creators. It will soon share revenue with creators based on how much their videos are viewed.
Spotify will start paying video podcast hosts based on how well their videos perform
Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube's dominance in the video podcast space...
Spotify's stock price is 'absurd': Analyst
Spotify Technology (SPOT) reported better-than-expected third quarter earnings and issued an upbeat outlook, sending the music platform's shares higher. However, New Constructs CEO David Trainer cauti...
Spotify Takes Aim at YouTube in Battle for Podcasts
Audio streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads.
Dow climbs 100 points amid postelection rally and fresh inflation data; Spotify, Cava stocks rise
The Dow Jones Industrial Average edged up on Wednesday as investors aimed to extend a post-election rally following an inflation report that met expectations. The blue-chip index rose by 258 points, o...
Spotify CEO: Upping User Engagement and Expanding AI Use Paid Off
For Spotify founder and CEO Daniel Ek, the company's third-quarter results reflect the momentum it's built over the past year and the realization of long-term strategic goals.
Spotify teases a ‘super premium' tier for superfans and upcoming video expansion in Q3 earnings call
Spotify CEO Daniel Ek has once again teased the company's long-delayed HiFi or “super premium” tier, a higher-qualify subscription offering the streaming service first announced in 2021 and then faile...
Spotify: This Rally Will Crumble
Spotify's Q3 earnings showed mixed results: user additions exceeded expectations, but revenue missed forecasts, raising concerns about valuation and future growth. Key risks include lumpy user trends,...
Spotify Technology Rallies After Earnings: 'Ample Capacity For Capital Returns'
Shares of Spotify Technology SA SPOT were climbing Wednesday after the company reported upbeat third-quarter earnings.
Why Spotify Stock Is Surging Despite Its Earnings Miss
Spotify stock is notably higher Wednesday after the audio streaming company gave an upbeat fourth-quarter outlook. Here's what you need to know.
SPOT Soars, CART Crashes, SAVE Files for Bankruptcy
Investors focused more on the positives in Spotify's (SPOT) mixed earnings report, adding another 10% to an impressive year-to-date run for the stock. Instacart (CART) slipped in the opposite directio...
These Analysts Increase Their Forecasts On Spotify Following Q3 Earnings
Spotify Technology S.A. SPOT reported downbeat earnings for its third-quarter on Tuesday.
Spotify Stock Jumps on Subscriber Record. Why It Got a Downgrade After Earnings.
The audio-streamer reported third-quarter earnings of 1.45 euros a share on revenue of 4 billion euros.
Spotify Delivers a Strong Encore
The music streamer's growing profit margins should keep its gravity-defying stock in orbit.
Spotify Price Levels to Watch as Stock Pops on Subscriber Growth, Outlook
Spotify (SPOT) shares jumped in extended trading on Tuesday after the streaming media giant topped Wall Street's third-quarter subscriber growth estimates and issued a better-than-expected profit outl...
Spotify Technology S.A. (SPOT) Q3 2024 Earnings Call Transcript
Spotify Technology S.A. (NYSE:SPOT) Q3 2024 Earnings Call Transcript November 12, 2024 5:00 PM ET Company Participants Bryan Goldberg - Head of IR Daniel Ek - CEO Christian Luiga - CFO Operator Good ...
Spotify Q3: Strong Subscriber Growth And Margin Improvement
I reiterate a Strong Buy on Spotify Technology S.A. stock with a one-year price target of $500 per share, due to strong subscriber growth and improved monetization. Spotify's potential launch of an ad...
Spotify shares pop on better-than-expected profit forecast
Spotify issued profit guidance for the fourth quarter that topped estimates. The company reported third-quarter earnings and revenue that came below in analysts' expectations.
Spotify Stock Pops as Subscribers Jump
Spotify (SPOT) added more subscribers than expected in the third quarter, sending shares higher after the bell Tuesday.
Spotify is the platform for artists who want to break globally, says Evercore ISI's Mark Mahaney
Mark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell: Overtime' to discuss Spotify earnings and outlook.
Spotify Adds Subscribers As 3Q Revenue Grows, Stock Pops
Music streaming giant Spotify grew monthly active users and premium subscribers last quarter, beating forecasts on both of those and other metrics as the stock rose more than 9% after the numbers befo...
Spotify forecasts profit above estimates on cost cuts, steady user growth
Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season, sending its shares...
Spotify Technology S.A. Releases Financial Results for Third Quarter 2024
LOS ANGELES--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the third quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder De...
Options Trade in SPOT
Ahead of Spotify (SPOT) earnings, Kevin Hincks takes a look at an example trading strategy for the streaming giant.
Spotify Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Spotify Technology S.A. SPOT will release earnings results for its third quarter, after the closing bell on Tuesday, Nov. 12.