Spotify Technology (NYSE:SPOT) Posts Earnings Results

Spotify Technology (NYSE:SPOT - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($1.16), Zacks reports. Spotify Technology had a net margin of 7.26% and a return on equity of 25.56%. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business earned $0.97 EPS. Spotify Technology's revenue for the quarter was up 15.2% on a year-over-year basis. Spotify Technology updated its Q2 2025 guidance to EPS.

Spotify Technology Stock Down 2.0 %

Spotify Technology stock traded down $12.18 during mid-day trading on Thursday, hitting $601.80. 2,326,972 shares of the company's stock traded hands, compared to its average volume of 2,149,195. Spotify Technology has a one year low of $283.39 and a one year high of $652.63. The company has a market cap of $123.19 billion, a PE ratio of 101.14 and a beta of 1.75. The firm has a 50 day moving average price of $569.30 and a 200 day moving average price of $512.73.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Macquarie lifted their target price on shares of Spotify Technology from $600.00 to $665.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Rosenblatt Securities dropped their price objective on Spotify Technology from $658.00 to $657.00 and set a "neutral" rating for the company in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Spotify Technology from $690.00 to $740.00 and gave the stock an "overweight" rating in a research report on Friday, March 28th. Canaccord Genuity Group upped their price target on shares of Spotify Technology from $650.00 to $700.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird raised their price objective on Spotify Technology from $700.00 to $730.00 and gave the company an "outperform" rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $606.71.

About Spotify Technology

Spotify Technology SA, 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.