Spotify Technology S.A. (SPOT)
| Market Cap | 62.73B |
| Revenue (ttm) | 15.56B |
| Net Income (ttm) | 501.08M |
| Shares Out | 194.88M |
| EPS (ttm) | 2.48 |
| PE Ratio | 133.18 |
| Forward PE | 67.57 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,883,620 |
| Open | 330.42 |
| Previous Close | 328.95 |
| Day's Range | 320.20 - 331.37 |
| 52-Week Range | 129.23 - 346.23 |
| Beta | 1.59 |
| Analysts | Buy |
| Price Target | 335.03 (+4.09%) |
| 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 31 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $335.03, which is an increase of 4.09% from the latest price.
News
Spotify Shifts From One-Size-Fits-All to Tailored Plans
Spotify Founder and CEO Daniel Ek believes the company's approach to flexibility for its customers is a key success factor. Second-quarter earnings, reported on Tuesday (July 23), highlightedSpotify's...
Goldman Sachs elevates Spotify price target to $425 after strong Q2 earnings: Should you invest?
In a significant move that has caught the attention of investors, Goldman Sachs upgraded Spotify Technology SA (NYSE: SPOT) from “Neutral” to “Buy” and raised its price target from $320 to $425, repre...
Spotify Smashes Gross Margin Guidance, Analysts Expect 'Continued Momentum'
Shares of Spotify Technology SA SPOT climbed in early trading on Wednesday, after the company reported its second-quarter results.
Spotify stock price: SPOT soars ahead of price hikes; streaming giant sees double-digit growth
Shares of Spotify Technology S.A. (ticker: SPOT) are soaring ahead of the opening bell this morning after the music streaming company announced its Q2 2024 earnings.
Spotify CEO says company is in ‘early days' of hi-fi audio plans
Spotify CEO Daniel Ek says the streaming service is still in the “early days” of its plans to bring hi-fi support to the platform. During the company's earnings call on Tuesday, the executive offered ...
Spotify Hits Record Q2 Earnings Amid Double-Digit User Growth
In its earnings report released Tuesday (July 23), Spotify showcased a record-breaking second quarter, driven by features in its music offerings such as daylist and AI DJ, alongside expansions into vi...
Spotify's Q2 Margin Gains, Record Free Cash Flow And Strong Subscriber Growth Highlight Successful Execution In Music And Podcasts: JP Morgan Analyst
JP Morgan analyst Doug Anmuth maintained an Overweight rating on Spotify Technology SPOT.
Spotify earnings beat points to strong position: Strategist
Spotify (SPOT) beat Wall Street expectations in its second quarter earnings report, achieving record profits amid its cost-saving strategy. Manhattan Venture Partners head of research Santosh Rao join...
Spotify Keeps the Profit Tune Humming
Can a streaming company that owns little of its own content actually make good money? Spotify is finally showing consistently that it can.
Spotify's Stock Pops After Streaming-Audio Giant Posts Record Profit
Spotify Technology (SPOT) posted second-quarter results before the bell Tuesday that delivered record profit and offered fresh guidance.
Spotify Stock Surges After Q2 Earnings Beat: What to Know
Spotify stock is flying higher Tuesday after the streaming giant reported its second-quarter earnings results. Here's what you need to know.
Cramer's Mad Dash: Spotify
CNBC's Jim Cramer delivers his daily Mad Dash.
Spotify Stock Pops 14% To 3-Year High—Races To First Profitable Year
Shares of Spotify erupted Tuesday after the audio streaming service delivered robust earnings, as the company seeks to achieve a rarity in the streaming space: Sustained profitability.
Spotify adds paid subscribers, beating estimates
Swedish music streaming giant Spotify said Tuesday that it added seven million paid subscribers in the second quarter, beating forecasts after it raised prices.
Spotify Shares Soar. How Its Price Hikes Are Paying Off.
The Swedish music streamer posted strong second quarter earnings and record profit margins after charging more for premium subscribers.
Spotify stock surges as streaming giant posts record profits
Spotify beats earnings estimates while missing on revenue
Spotify Stock Pops On Quarterly Numbers As Music Streamer Adds Premium Subscribers, Lowers Costs
Shares of giant music streamer Spotify have jumped 13% in pre-market trading as the company grew premium, subscribers, revenue and profit for the second quarter ended in June. Monthly active users ros...
Spotify slightly misses revenue prediction, falls short of user growth target
Spotify reported quarterly results broadly in line with analyst expectations on Tuesday, but failed to meet its own target for user growth.
Spotify Technology S.A. Releases Financial Results for Second Quarter 2024
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the second quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck...
Spotify (SPOT) Faces Increasing Competition
LikeFolio's Andy Swan discusses the outlook for Spotify ahead of tomorrow's earnings. He talks about how increased competition in the audio streaming space, in addition to consumer sentiment trends fo...
Can Spotify Q2 Earnings Tune Out Bearish Signals For A Bullish Upside?
Spotify Technology SA SPOT will be reporting its second-quarter earnings on Tuesday. Wall Street expects $1.18 in EPS and $4.1 billion in revenues as the company reports before market hours.
Spotify Q2 earnings preview: SPOT has gained over 55% YTD, is a profit turnaround coming?
As Spotify Technology SA (NYSE) prepares to release its Q2 2024 earnings on July 23rd, several key indicators point to a robust performance. Analysts and investors are keenly observing the streaming g...
Spotify stock still has 30% upside: Wolfe Research
Spotify Technology SA (NYSE: SPOT) has already gained about 60% this year but a Wolfe Research analyst is convinced it's not done pleasing its shareholders just yet. Deepak Mathivanan reiterated his “...
This Spotify Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...
Spotify's Long-Term Growth and Pricing Power Set to Boost Revenue: Analyst
KeyBanc analyst Justin Patterson reiterated an Overweight rating on Spotify Technology SA SPOT with a price target of 410, up from $400.