Companies /Communication Services

Spotify Technology S.A.

NYSE: SPOT Internet Content & Information
$572.36
▼ $11.86 (−2.03%) today
Markets closed · 11:57pm ET

24/7 Wall St. View

Price Prediction $723.27 +23.8% Our analysts’ 12-month view: target, optimistic case, and floor. SPOT price prediction → Earnings Miss −2.2% EPS vs. the estimate, revenue, and how the market reacted. SPOT earnings history →

SPOT at a Glance

Valuation
Market cap
$120.1B
P/E ratio
35.6
Profitability
Revenue (TTM)
$18.8B
Profit margin
15.7%
EPS (TTM)
$16.41
Price
52-week range
$405 – $673
24/7 target
$723.27
Street target
$631.93
Earnings
Q3 2026 EPS
$2.78
vs. $2.85 est.
−2.2%

Headquartered in Regeringsgatan 19, Stockholm Fiscal year ends December NYSE: SPOT spotify.com

About Spotify

Spotify Technology S.A. operates the world's most popular audio streaming subscription service, with a presence in 184 countries and territories. The platform serves 788 million monthly active users and 306 million Premium Subscribers as of September 30, 2026. Spotify offers two primary service tiers: a Premium Service providing unlimited online and offline high-quality streaming without advertisements, including video podcasts and audiobook access in select markets; and an Ad-Supported Service offering limited on-demand music streaming with advertisements and unlimited podcast access at no cost. The company generates revenue primarily through subscription fees (approximately 90% of revenue) and advertising sales. Spotify monetizes its Ad-Supported segment through display, audio, and video advertising sold via direct arrangements and automated sales channels including its self-serve platform and advertising marketplace programs. The company operates the Spotify Partner Program to provide monetization opportunities for creators and is expanding audiobook access to more than 180 markets with over 350,000 titles in 120+ languages. Spotify holds an approximate 9% equity stake in Tencent Music Entertainment Group and has invested in DistroKid, an independent digital music distribution service. The company reports under IFRS, is incorporated in Luxembourg, and its ordinary shares are listed on the New York Stock Exchange. Spotify has a co-CEO leadership structure and has no outstanding indebtedness other than lease liabilities following the maturity of its US$1.5 billion Exchangeable Notes in March 2026. Updated

Revenue by Segment · Q3 2026
  1. Premium90%
  2. Ad-Supported10%

Latest Activity

the attention economy · 3y
$10K invested in each — worth today:
SPOT$37.8K3.8×
NFLX$16.5K1.6×

Three years ago, $10,000 split between the two biggest names in the attention economy would look very different today: Spotify turned it into $37,750, Netflix into $16,481. That $21,000 gap is the cost of picking the wrong streaming winner.

Read more
Biggest movers · At the close
Gainers
  • SPOTSpotify$582.23+10.8%
  • LCIDLucid$3.5+8.9%
  • BXBlackstone$118.69+8.3%
  • ACNAccenture$258.15+7.5%
  • NDAQNasdaq$103.09+7.3%
Losers
  • MRNAModerna$202.11-17.8%
  • COHRCoherent$207.45-12.7%
  • AAOIApplied Optoelectronics$68.18-11.8%
  • LRCXLam Research$230.24-11.7%
  • LITELumentum$754.19-11.3%

Moderna's 17.8% drop was the single biggest move at Tuesday's close, and four of the five worst performers were chip and photonics names. Spotify topped the winners.

Read more
Biggest movers · On the open
Gainers
  • SPOTSpotify$580.29+10.5%
  • LMTLockheed Martin$602.91+9.3%
  • CSXCSX$51.3+6.0%
  • PGP&G$165.32+5.4%
  • NETCloudflare$319.22+3.9%
Losers
  • LRCXLam Research$234.14-10.2%
  • NOKNokia$8.36-9.7%
  • TERTeradyne$316.79-8.3%
  • AAOIApplied Optoelectronics$71.36-7.7%
  • COHRCoherent$219.49-7.6%

Spotify opened up 10.5% to lead a 389-name board, with Lockheed Martin close behind at 9.3%. The pain is concentrated in chip gear and optics, where Lam Research gave up 10.2% at the bell.

Read more
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SPOTSpotify
Q3 2026
EPS
$2.79
est $2.85-2.1%
Revenue
$5.58B
est $4.98B+12.1%

A four-quarter beat streak just ended, with EPS missing expectations even as revenue came in 12% above consensus. Q4 guidance still points to continued expansion, with operating income guided to about 820 million euros.

Quarterly EPS — reported vs estimate
Read more
SPOTSpotify Technology S.A.
Reports Thu Oct 22Before open6:00 AM ETConfirmed

Spotify reports before the open at 6:00 AM ET, its first chance to snap a streak broken in August when earnings of $3.03 came in missing expectations of $3.27. Consensus sits at $2.85 EPS, with pricing power and subscriber growth behind the setup.

    Read more
    Biggest movers · At the close
    Gainers
    • SPOTSpotify$513.73+5.2%
    • MRNAModerna$196.4+4.8%
    • FUBOfuboTV$9.24+4.6%
    • VSTVistra$166.87+4.0%
    • MUMicron Technology$1,085.72+3.8%
    Losers
    • GPROGoPro$1.23-7.1%
    • MSTRMicroStrategy$153.17-6.9%
    • IRENIren$38.74-6.1%
    • AAOIApplied Optoelectronics$122.19-6.1%
    • LCIDLucid$3.91-6.1%

    Spotify closed the session's best performer at 5.24%, taking the stock to $513.73. GoPro, MicroStrategy, Iren, Applied Optoelectronics and Lucid all shed more than 6%.

    Read more
    SPOTSpotify
    Regular session
    $516.00
    +6.04%open $486.62

    A 6% intraday jump to $516.01 adds roughly $6 billion of market value to the streaming giant in a single session, the kind of one-day move this $106 billion name rarely makes. Keep an eye on whether it holds the gain into the close.

    Read more
    Biggest movers · At the close
    Gainers
    • WDAYWorkday$205.92+6.4%
    • DKNGDraftKings$25.53+5.4%
    • SPOTSpotify$546.01+3.6%
    • AMZNAmazon$265.35+3.5%
    • EXPEExpedia$328.9+3.1%
    Losers
    • IRENIren$35.38-12.7%
    • RBRKRubrik$94.34-11.8%
    • MARAMarathon Digital$10.65-10.3%
    • HIMSHims & Hers$28.65-9.5%
    • TEMTempus AI$64.17-9.2%

    Nearly 20 points separated the best and worst names at Friday's close: Iren gave up 12.72% while Workday added 6.38%. Three losers dropped more than 10% in a single session, a reset worth checking before Monday.

    Read more

    SPOT Coverage

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    Frequently Asked Questions

    What does Spotify do?

    Spotify Technology S.A. operates the world's most popular audio streaming subscription service, with a presence in 184 countries and territories. The platform serves 788 million monthly active users and 306 million Premium Subscribers as of September 30, 2026.

    What is the SPOT stock price target?

    24/7 Wall St.'s 12-month price target for SPOT is $723.27, rated Buy. The Wall Street consensus target is $631.93. SPOT price prediction →