Spotify Technology S.A. (SPOT)
| Market Cap | 53.33B |
| Revenue (ttm) | 14.72B |
| Net Income (ttm) | -591.11M |
| Shares Out | 194.13M |
| EPS (ttm) | -2.91 |
| PE Ratio | n/a |
| Forward PE | 96.15 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,897,170 |
| Open | 284.80 |
| Previous Close | 289.20 |
| Day's Range | 273.75 - 285.00 |
| 52-Week Range | 128.67 - 313.16 |
| Beta | 1.65 |
| Analysts | Buy |
| Price Target | 252.57 (-8.13%) |
| Earnings Date | Apr 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 $252.57, which is a decrease of -8.13% from the latest price.
News
Best Swedish stocks to buy as the OMX Stockholm 30 Rises
The OMX Stockholm 30 index has been in a strong bull run this year. The jump is in line with the performance of other European stocks. Investor AB, Spotify, and Atlas Copco are some of the best stocks...
Taylor Swift's New Album Rollout Has Spotify, Social Media Companies And More Fighting For Swiftie Attention
Ahead of the release of “The Tortured Poets Department” this Friday, many of Taylor Swift's promotional efforts have been backed by social media companies and streaming services looking to gain the at...
How Spotify AI plans to know what's going on inside your head, and find the right track for it
With over 100 million tracks, the musical journey on Spotify can be daunting. Most listeners stick to established patterns, but AI wants to change that.
DJ Play that Spotify Mashup!
Amid the rise of TikTok's presence in the music industry, Spotify plans to add new features to empower its listeners' creative side. Renita Young profiles the reported DJ-type offerings headed to Spot...
Bullish on Spotify (SPOT)
Spotify's (SPOT) sentiment remains negative in most of media, “but positioning may need a more nuanced consideration of catalyst paths,” according to a Barclays analyst. Kevin green discusses this and...
Final Trades: Nasdaq, Alphabet, Spotify, Charles Schwab and Teck Resources
The Investment Committee give you their top stocks to watch for the second half.
Spotify reuses its live audio tech through Listening Party feature
Spotify's live audio app is no longer active, but the company has been using the tech to connect fans and artists better with the “Listening Party” feature. The feature lets high-engaging fans join ev...
Spotify plans to raise prices later this year: report
Listening to Spotify will get more expensive for premium users when the company implements price increases in five non-U.S. markets in April, according to Bloomberg. They will hit the U.S. later.
Spotify Names Christian Luiga as New CFO
Streaming audio platform Spotify named a new chief financial officer. Christian Luiga is joining Spotify from Saab AB, a European defense and security company, where he served as deputy CEO and financ...
Spotify names senior Saab executive Luiga as finance chief
Spotify named Saab executive Christian Luiga as its chief financial officer on Thursday, replacing Paul Vogel who left in March after an about eight-year long stint at the Swedish music streaming comp...
Christian Luiga Named Spotify Chief Financial Officer
NEW YORK--(BUSINESS WIRE)--Christian Luiga Named Spotify Chief Financial Officer.
Spotify shares rise 8% after report of additional price hikes
Shares of Spotify Technology SPOT, +8.23% climbed on Wednesday following a report that the company plans to raise prices further in several countries, including in the U.S., as it looks to cover the c...
Spotify (SPOT) Higher: Plans to Hikes Prices
Spotify (SPOT) is trading higher on news of price hikes. Spotify is raising prices in five markets including the U.K., Australia, and Pakistan with U.S. prices to be hiked later this year.
Three-Stock Lunch: Intel, Lowe's & Spotify
Brian Vendig, MJP Wealth Advisors president, joins 'Power Lunch' to discuss plays for three stocks, including Intel, Lowe's and Spotify.
Spotify Is Raising Prices Again in the U.S. and Some Overseas Markets
The streaming service is looking to offset the cost of its audiobook offering.
Spotify to Raise Prices, Launch New Music, Book Plans
Spotify plans to raise the price of its popular audio service in several key markets for the second time in a year, a crucial step toward reaching long-term profitability. Bloomberg's Felix Gillette j...
Spotify Stock Surges on Report It Plans Price Hikes, Subscription Plan Changes
Spotify Technology (SPOT) shares rose to their highest level since Nov. 2021 on Wednesday following a report that the streaming audio provider will be boosting prices several key markets and changing ...
Spotify to hike prices, introduce a new basic tier: report
The company is also going to introduce a new basic tier that will offer music and podcasts — but not audiobooks — for the current $11 monthly price of an individual premium plan, the report said.
Spotify is reportedly going to get more expensive later this year
Be prepared for your Spotify bill to go up this year. The streaming service is hiking prices in several markets, including the US, according to Bloomberg.
Spotify shares up on report it plans to raise prices
Spotify shares jumped 6% on Wednesday after a report said the company will increase prices for its premium subscription service in the U.S. and other markets.
Spotify Reportedly Increasing Prices This Year And Launching New Basic Subscription Tier
Spotify is planning to increase prices for its subscription plans, affecting other major markets this month before impacting the U.S. later this year, Bloomberg reported Wednesday, the apparent latest...
Spotify Stock Jumps on Report It Soon Will Be Raising Prices
A report says Spotify will increase prices by about $1 to $2 a month in five markets—including the United Kingdom, Australia, and Pakistan—by the end of April, and in the U.S. later this year.
Spotify to raise prices in some markets, Bloomberg News reports
Swedish music streaming service Spotify Technology SA plans to raise prices by about $1 to $2 a month in five markets including the UK, Australia and Pakistan by the end of April, Bloomberg News repor...
Why Did Matt Farley Put a Song About Me on Spotify?
The answer involves a remarkable — and lucrative, and ridiculous — scheme to game the way we find music today.
Spotify to Add New Features for Universal Music Artists
As part of an expanded partnership, Spotify Technology will introduce new features that will help Universal Music artists promote new releases and better engage with their fans.