Spotify Technology S.A. (SPOT)

NYSE: SPOT · IEX Real-Time Price · USD
+1.39 (0.91%)
At close: Sep 27, 2023, 4:00 PM
-0.67 (-0.44%)
Pre-market: Sep 28, 2023, 5:48 AM EDT
Market Cap 29.93B
Revenue (ttm) 13.65B
Net Income (ttm) -1.06B
Shares Out 194.68M
EPS (ttm) -5.26
PE Ratio n/a
Forward PE 243.90
Dividend n/a
Ex-Dividend Date n/a
Volume 703,752
Open 153.33
Previous Close 152.36
Day's Range 152.05 - 155.48
52-Week Range 69.29 - 182.00
Beta 1.74
Analysts Buy
Price Target 163.46 (+6.32%)
Earnings Date Oct 24, 2023

About SPOT

Spotify Technology S.A., together with its subsidiaries, provides audio streaming 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. 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... [Read more]

IPO Date Apr 3, 2018
Employees 8,359
Stock Exchange NYSE
Ticker Symbol SPOT
Full Company Profile

Financial Performance

In 2022, SPOT's revenue was 11.73 billion, an increase of 21.30% compared to the previous year's 9.67 billion. Losses were -430.00 million, 1164.7% more than in 2021.

Financial numbers in EUR Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $163.46, which is an increase of 6.32% from the latest price.

Price Target
(6.32% upside)
Analyst Consensus: Buy
Stock Forecasts


Spotify adds 'Jam' feature for shared playlist

Spotify (SPOT) announced its new "Jam" feature which allows premium users to invite other users to add songs to a shared queue. Yahoo Finance's Josh Schafer, Dan Howley, and Pras Subramanian break dow...

11 hours ago - Yahoo Finance

Spotify won't remove all AI-generated music despite previously pulling some AI tracks from the platform

Spotify isn't planning to completely ban AI-generated content, CEO Daniel Ek told the BBC. Ek told the outlet there were good and bad uses for the technology.

1 day ago - Business Insider

Spotify is launching an eerie new AI-led feature that mimics podcasters' voices and translates them into different languages

Spotify is launching a new feature called "Voice Translations" powered by AI including ChatGPT. The feature will replicate the voices of podcasters and translate them into different languages.

1 day ago - Business Insider

Spotify's new AI language translations are like podcaster-approved deepfakes

The company is testing its tech in partnership with popular podcast hosts, including Armchair Expert's Dax Shepard and The Ringer's Bill Simmons. There is no shortage of enjoyable podcasts to listen t...

2 days ago - Fast Company

Spotify testing AI-powered translation feature for podcasts

Spotify Technology is testing an artificial intelligence (AI) powered feature that will translate podcasts into other languages.

2 days ago - Skynews

Spotify Will Translate Podcasts Into Other Languages Using AI

The platform said it would use a new feature from OpenAI that can generate “human-like audio.”

2 days ago - Forbes

Spotify will use AI to replicate podcasters' voices and translate them to other languages

Spotify is translating podcasts into multiple languages with the same original voice

2 days ago - CNBC

Spotify tests voice translation feature for podcasts

Spotify Technology is testing an AI-powered feature that will translate podcasts from the likes of Dax Shepard and Lex Fridman to other languages, the audio-streaming company said on Monday.

2 days ago - Reuters

Spotify Technology S.A. to Announce Financial Results for Third Quarter 2023

NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its third quarter 2023 financial results and deck to shareholders on Tuesday, October 24, 2023 before market open. The company...

3 days ago - Business Wire

Spotify denies 30-second song royalty hack

Spotify (SPOT) is rejecting a report that claims that artists can get rich from royalties by posting a 30-second song and replaying the song for 24 hours. Spotify CEO Daniel Ek denied the report, writ...

12 days ago - Yahoo Finance

Spotify's new Showcase tool lets artists pay to promote their music in the Home feed

Spotify this week launched a new tool called Showcase that allows artists to promote their work directly in the streaming app's revamped Home feed introduced earlier this year.

14 days ago - TechCrunch

No, it's not possible to make $1,200 a month by posting 30-second tracks on Spotify – steaming giant CEO says

JP Morgan suggested that users could make over $14,000 a year by gaming Spotify's royalties system. Boss Daniel Ek said the lucrative side hustle wasn't possible as it was "not how our royalty system ...

15 days ago - Business Insider

Spotify boss denies claim 30-second repeat play trick can make you rich

Repeatedly listening to your own 30-second track on Spotify won't make you around £960 ($1,200) a month, the streaming giant's chief executive has said.

16 days ago - Skynews

Spotify Investors Should Note Universal Music's Streaming Move

Universal Music has struck a deal with a rival of Spotify, and the pact could put artists back at the heart of the music-streaming industry.

21 days ago - Barrons

Swedish criminal gangs using fake Spotify streams to launder money

Investigation claims networks convert illicit cash to bitcoin to pay people who sell false streams on the platform

22 days ago - The Guardian

Swedish criminal gangs laundering money through Spotify: media

Criminal gangs behind a surge of bombings and shootings in Sweden in recent years are using fake Spotify streams to launder money, a Swedish newspaper reported Tuesday.

22 days ago - TechXplore

Spotify's $1 Billion Podcast Bet Turns Into a Serial Drama

The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky's-the-limit media frontier.

23 days ago - WSJ

Spotify cracks down on white noise podcasters that reportedly cost company $38M a year in profit

As of October 1, white noise podcasters will be ineligible to earn money through Spotify's “Ambassador Ads” program.

26 days ago - New York Post

Spotify introduces new podcaster tools, including customized pages, analytics, and other controls

Following Apple's announcement of podcast creator tools for subscriptions on Monday, Spotify today also introduced its own latest developments in terms of features aimed at podcasters.

5 weeks ago - TechCrunch

Former Spotify Data Scientist Jon Gibs Joins Veritonic as Strategic Advisor

NEW YORK--(BUSINESS WIRE)--Former Spotify data scientist Jon Gibs joins Veritonic as Strategic Advisor, providing guidance around platform enhancements & integrations.

5 weeks ago - Business Wire

Why ‘white noise' podcasts are costing Spotify $38M per year in profits

“White noise” podcasts feature calm and relaxing sounds such as falling rain, crashing waves or just plain static.

5 weeks ago - New York Post

Evercore ISI's Mark Mahaney breaks down the firm's top internet picks

Mark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's new report on key takeaways from the second quarter earning season, the firm's top internet picks includi...

5 weeks ago - CNBC Television

Ray Dalio's Firm Loads Up on Spotify

Ray Dalio (Trades, Portfolio) is a billionaire investor and the founder of Bridgewater Associates, the world's largest hedge fund. In the second quarter, the firm loaded up on a number of stocks, incl...

6 weeks ago - GuruFocus

Harley, Spotify, and 8 Other Dead Money Stocks That Are Poised to Come Alive

Barron's looked at stocks in the Russell 3000 that have done little for the past five years and identified 10 stocks where improving analyst sentiment could signal better days ahead.

6 weeks ago - Barrons

Spotify Expands Its AI-Powered DJ Globally

Ziad Sultan, Spotify's vice president of personalization, discusses the expansion of the company's AI-powered DJ to more countries around the world. He speaks with Ed Ludlow on "Bloomberg Technology.

7 weeks ago - Bloomberg Technology