Companies /Communication Services

Spotify Technology S.A.

NYSE: SPOT Internet Content & Information
$488.14
▲ $5.09 (+1.05%) today
Markets closed · 4:35pm ET

24/7 Wall St. View

Price Prediction $675.74 +38.8% Our analysts’ 12-month view: target, optimistic case, and floor. SPOT price prediction → Earnings Beat +7.6% EPS vs. the estimate, revenue, and how the market reacted. SPOT earnings history →

SPOT at a Glance

Valuation
Market cap
$99.3B
P/E ratio
27.8
Profitability
Revenue (TTM)
$18.1B
Profit margin
18.4%
EPS (TTM)
$17.40
Price
52-week range
$405 – $700
24/7 target
$675.74
Street target
$592.58
Earnings
Next report
Oct 22, 2026
Q2 2026 EPS
$3.01
vs. $2.80 est.
+7.6%

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. As of June 30, 2026, the platform serves 777 million monthly active users and 300 million Premium Subscribers. The company operates through two segments: Premium, which generates revenue from subscription fees for unlimited online and offline high-quality streaming of music, podcasts, and audiobooks without commercial breaks; and Ad-Supported, which offers free users limited on-demand access to music and unlimited podcast access, generating revenue through display, audio, and video advertising. Premium subscribers in select markets also receive video podcast access and audiobook listening hours, with optional add-ons. The company has recently introduced AI-powered features including DJ (now available in multiple languages), Reserved, and Narrated Articles. Spotify generates revenue primarily through direct subscriptions and partnerships with telecommunications companies, as well as through automated and direct advertising sales channels including the Spotify Audience Network (SPAN) and self-serve advertising platform. The company holds an approximately 9% equity investment in Tencent Music Entertainment Group (TME) and an equity investment in DistroKid, an independent digital music distribution service. Spotify's ordinary shares are listed on the New York Stock Exchange. The company transitioned to a Co-Chief Executive Officer leadership structure in 2026. Updated

Revenue by Segment · Q2 2026
  1. Premium91%
  2. Ad-Supported9%

Latest Activity

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.

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Biggest movers · At the close
Gainers
  • CRMSalesforce$251.88+22.5%
  • PANWPalo Alto Networks$386.19+13.8%
  • RBRKRubrik$107.02+11.3%
  • SSentinelOne$22.74+10.9%
  • FTNTFortinet$173.58+10.2%
Losers
  • EXPEExpedia$316.85-5.0%
  • SPOTSpotify$527.65-4.1%
  • IQiQIYI$0.94-4.1%
  • FUBOfuboTV$10.02-2.7%
  • MCDMcDonald's$260.46-2.4%

A 22.5% close for a company Salesforce's size almost never happens, and four of the five top gainers were cybersecurity names posting double-digit gains. The downside was tame by comparison: Expedia led decliners at just under 5%.

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Biggest movers · At the close
Gainers
  • DUOLDuolingo$140.9+8.3%
  • SPOTSpotify$520.71+5.7%
  • ULTAUlta Beauty$519.44+5.3%
  • VERXVertex$13.06+4.7%
  • ASANAsana$9.24+4.6%
Losers
  • FNFabrinet$477.37-20.3%
  • CIFRCipher Mining$15.97-13.7%
  • AAOIApplied Optoelectronics$134.59-13.1%
  • BIDUBaidu$90.62-13.0%
  • COHRCoherent$309.03-12.0%

Fabrinet closed down 20% at $477.37, the deepest single-day loss in a 110-name priority list, with optical peers Applied Optoelectronics and Coherent also off double digits. Duolingo led all gainers at 8.3%.

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SPOTSpotify
Regular session
$513.94
+5.38%open $487.69

Buyers are paying up again for the streaming leader after it crossed 300 million premium subscribers. The bet is that subscriber scale outruns heavier spending on marketing and AI features.

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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. As of June 30, 2026, the platform serves 777 million monthly active users and 300 million Premium Subscribers.

What is the SPOT stock price target?

24/7 Wall St.'s 12-month price target for SPOT is $675.74, rated Buy. The Wall Street consensus target is $592.58. SPOT price prediction →