Spotify Technology S.A. (SPOT)

NYSE: SPOT · IEX Real-Time Price · USD
121.28
-1.32 (-1.08%)
Aug 16, 2022 2:30 PM EDT - Market open
-1.08%
Market Cap 23.37B
Revenue (ttm) 11.28B
Net Income (ttm) -32.63M
Shares Out 192.66M
EPS (ttm) -0.59
PE Ratio n/a
Forward PE 243.90
Dividend n/a
Ex-Dividend Date n/a
Volume 589,216
Open 121.48
Previous Close 122.60
Day's Range 117.86 - 122.04
52-Week Range 89.03 - 305.60
Beta 1.83
Analysts Buy
Price Target 144.26 (+18.9%)
Earnings Date Jul 27, 2022

About SPOT

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. 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 subscribers on their computers, tablets, and compatible mobile devices. The company also offe... [Read more...]

Industry Entertainment
IPO Date Apr 3, 2018
CEO Daniel Ek
Employees 9,058
Stock Exchange NYSE
Ticker Symbol SPOT
Full Company Profile

Financial Performance

In 2021, SPOT's revenue was 9.67 billion, an increase of 22.69% compared to the previous year's 7.88 billion. Losses were -34.00 million, -94.15% less than in 2020.

Financial numbers in EUR Financial Statements

Analyst Forecast

According to 37 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is 144.26, which is an increase of 18.95% from the latest price.

Price Target
$144.26
(18.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Spotify prompts some users to record reaction podcasts to playlists

After testing new in-app podcast recording tools for users in New Zealand, Spotify is now trialing a new audio feature in Vietnam, one that's designed to encourage users to record voice reactions to pla...

Market Recovery: 3 Software Stocks to Buy Before It's Too Late

The recent bounce off the June lows could mean software stocks are ready to begin rising again.

Other symbols: SNOWTWLO

Spotify Has Turned a Corner and Is Now a Great Buy

It's time to stop questioning Spotify's growth potential.

Spotify Tests Direct Ticket Sales

Streaming music service Spotify is making another venture into live music with plans to sell concert tickets directly to fans instead of linking to outside ticket companies. As Music Ally reported, the ...

Spotify Begins Testing Direct Concert Ticket Sales Platform

Fans can purchase tickets for select shows directly through Spotify.

Spotify launches new site to sell live music tickets directly to fans

Yahoo Finance anchors discuss Spotify expanding into live ticket sales.

Spotify starts selling live music tickets to fans directly

Spotify has launched a new site to sell fans tickets to live gigs directly from its platform instead of redirecting users to partners like Ticketmaster and Eventbrite.

Spotify's Soundtrap app for musicians introduces live collaboration and auto save

Spotify's digital audio workstation (DAW) platform Soundtrap is introducing new features for musicians, including live collaboration, auto-save and comments. The firm said the first two features are und...

3 Top Tech Stocks to Buy Right Now

The Nasdaq is bouncing back. What tech stocks are the best investments?

Other symbols: GOOGGOOGLRBLX

These Tech Stocks Are So Cheap at the Moment; Don't Miss Out.

These stocks are chosen, not only because of their current metric ratios but also on the basis of their potential.

Other symbols: ATYTWLO

Is Spotify Technology Stock Recession-Proof?

Despite near-term risks, it's time to reconsider this streaming stock.

Leveraged bets on tech stocks like Spotify and Shopify tanked a hedge fund that was up over 146% in 2020: report

Over the first half of 2022, Marcho Partners sank 84% amid the bear market, the Wall Street Journal reported. The firm was up 146% in 2020.

Other symbols: SHOP

Time to Buy Spotify After This Latest Stock Pop?

The audio streamer reported solid Q2 earnings and is still primed to grow revenue over the next three to five years.

This Growth Stock Just Crushed Earnings. Is It Time to Buy Now?

Why the market loves Spotify's most recent quarter.

Why Spotify Stock Popped 20.5% In July

The audio streamer posted solid Q2 earnings results.

Spotify wants users to pay for separate ‘Play' and ‘Shuffle' buttons

Spotify is updating its app to address a long-standing user complaint with music playback — but it's asking customers to pay for the fix.

The online ad market is in decline and it's dragging down tech giants with it

Much of contemporary Silicon Valley was built on advertising dollars. That dependence made even the most powerful companies look at least somewhat vulnerable this week after reporting their latest earni...

Other symbols: AAPLGOOGLMSFTSNAPTWTR

Russia fines WhatsApp, other foreign firms over data storage violations

MOSCOW (Reuters) -A Russian court on Thursday fined Meta Platforms Inc's WhatsApp messenger, Snapchat owner Snap Inc and other foreign firms for their alleged refusal to store the data of Russian users ...

Other symbols: EXPEMETAMTCHSNAP

Spotify forks out $295M for Findaway, Podsights, Chartable, and Sonantic, filing reveals

Spotify has quietly announced how much it's paying for four of its recent acquisitions, revealing that it's doling out a combined €291 million ($295 million) for Findaway, Podsights, Chartable, and Sona...

Spotify's new personalized playlist will recommend tracks based on what friends are listening to

Spotify is launching a new personalized playlist called “Friends Mix” to give users a way to discover new tracks based on the Blends they've created with with their friends.

5 Monster Growth Stocks Begging to Be Bought

Growth stocks won't be out of favor forever, and these companies could lead the comeback when it begins.

Other symbols: DUOLLULUTSLAZM

Spotify stock pops on subscriber and revenue growth

Yahoo Finance Live checks out Spotify earnings beat, indicating substantial growth in subscribers and podcasts featured on the platform.

Spotify Stock Is Having a Great Day. Users Are Growing and the Outlook Is Strong.

The audio-streaming company said monthly active users in the second quarter rose to 433 million from 365 million a year earlier.

Why Spotify Technology Stock Jumped Wednesday

Spotify is not seeing any impact from a weaker economy.

Spotify stock shoots toward best day since 2020 as CEO says ‘it's hard to be anything but optimistic'

Spotify Technology Inc. executives sounded resilient in the wake of macroeconomic headwinds Wednesday as the music-streaming company easily topped user-growth expectations for its latest quarter and pro...