Spotify Technology S.A. (SPOT)

NYSE: SPOT · IEX Real-Time Price · USD
313.02
+7.01 (2.29%)
At close: Jun 14, 2024, 4:00 PM
313.10
+0.08 (0.03%)
After-hours: Jun 14, 2024, 7:58 PM EDT
2.29%
Market Cap 61.08B
Revenue (ttm) 15.04B
Net Income (ttm) -119.57M
Shares Out 195.12M
EPS (ttm) -0.64
PE Ratio n/a
Forward PE 96.15
Dividend n/a
Ex-Dividend Date n/a
Volume 1,902,768
Open 307.23
Previous Close 306.01
Day's Range 305.85 - 316.70
52-Week Range 129.23 - 331.08
Beta 1.61
Analysts Buy
Price Target 299.93 (-4.18%)
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]

IPO Date Apr 3, 2018
Employees 9,123
Stock Exchange NYSE
Ticker Symbol SPOT
Full Company Profile

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 Statements

Analyst Forecast

According to 30 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $299.93, which is a decrease of -4.18% from the latest price.

Price Target
$299.93
(-4.18% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Music Publishers File FTC Complaint Against Spotify Claiming ‘Fraudulent' Practices

“Spotify has declared war on songwriters. Our response shall be all-encompassing.

1 day ago - Forbes

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 ...

1 day ago - TechCrunch

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.

Other symbols: CAVACMG
2 days ago - Schwab Network

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...

2 days ago - PYMNTS

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.

3 days ago - Business Insider

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.

3 days ago - Schwab Network

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...

4 days ago - PYMNTS

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.

4 days ago - Reuters

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.

Other symbols: GMENVDA
7 days ago - WSJ

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.

11 days ago - Fox Business

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.

Other symbols: COSTJNJ
11 days ago - CNBC Television

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.

11 days ago - Investopedia

Spotify raises U.S. premium prices for the second time in a year

CNBC's Deirdre Bosa reports on news from Spotify.

12 days ago - CNBC Television

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.

12 days ago - New York Post

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...

12 days ago - PYMNTS

Spotify Increases Prices for Second Time in a Year

A new Spotify subscription will now cost you $12 a month.

12 days ago - CNET

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.

12 days ago - WSJ

Spotify Shares Jump 5% Ahead Of Subscription Price Hikes

Shares of Spotify rose by about 5% on Monday, after the company announced it will once again raise the prices for its subscription plans in the U.S., following an increase in subscribers.

12 days ago - Forbes

Spotify raises prices again: What subscribers can expect

Spotify is raising its prices for the second time in a year.

12 days ago - The Street

Spotify Raising Subscription Prices For Second Time In Two Years

Spotify is raising prices for the second time in two years, upping the monthly rate for its ad-free premium plan by $1 starting in July. When the new price of $11.99 takes effect, it will be 20% highe...

12 days ago - Deadline

Spotify raises prices of premium subscription plans

Spotify on Monday announced it is increasing the cost of its premium subscription plans, according to a release. The company also hiked its prices in July of last year.

12 days ago - CNBC

Spotify is raising prices again. What listeners need to know.

Spotify Technology SA SPOT, -2.60% announced early Monday that it was raising prices for its various paid streaming offerings in the U.S. The monthly price of an individual plan, for instance, will go...

12 days ago - Market Watch

After missing Q1 user addition estimates, Spotify raises Premium prices in US

Spotify Technology S.A. announced on Monday that it will be increasing the prices of its Premium subscriptions in the United States starting in July.

12 days ago - Invezz

Spotify to increase premium pricing in the US to $11.99 per month

Spotify has announced that it's hiking subscriptions for customers in the U.S., the second such price increase in the space of a year.

12 days ago - TechCrunch

Spotify to raise price of premium individual plan

Spotify said on Monday it will increase the price of its premium individual monthly plan to $11.99 from $10.99 in the United States from July.

12 days ago - Reuters