Spotify Technology (SPOT) Expected to Release Earnings on Thursday

Key Points

• Spotify is expected to report Q3 2026 results before Thursday’s market open, with analysts forecasting $3.19 in earnings per share and $5.65 billion in revenue. The company’s previous quarter missed consensus estimates on both earnings and revenue.
• SPOT shares opened at $524, while analysts maintain a consensus “Moderate Buy” rating and a $610.25 target price. The stock trades at a relatively elevated valuation, prompting some concerns about whether earnings growth supports its premium.
• Spotify is expanding beyond music through audiobooks, a renewed Joe Rogan agreement and a software-tools business, but investors are also watching lower earnings forecasts and reported problems with the desktop lossless-audio rollout.

Spotify Technology (NYSE:SPOT - Get Free Report) is anticipated to release its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect Spotify Technology to post earnings of $3.19 per share and revenue of $5.65 billion for the quarter. Parties are encouraged to explore the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:00 AM ET.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts' consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.42) earnings per share. On average, analysts expect Spotify Technology to post $13.77 EPS for the current fiscal year and $17.36 EPS for the next fiscal year.

Spotify Technology Trading Down 0.7%

Shares of NYSE:SPOT opened at $524.00 on Thursday. The company has a 50 day moving average of $520.20 and a 200-day moving average of $494.93. The firm has a market cap of $107.88 billion, a P/E ratio of 32.63, a P/E/G ratio of 1.62 and a beta of 1.61. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $696.95.

Insiders Place Their Bets

In other news, CEO Gustav Söderström sold 20,910 shares of the company's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the sale, the chief executive officer directly owned 19,908 shares of the company's stock, valued at $10,553,828.04. This represents a 51.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares of the company's stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock worth $35,762,410 over the last ninety days. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on SPOT. Phillip Securities upgraded shares of Spotify Technology to a "buy" rating and set a $650.00 price objective on the stock in a research note on Tuesday, August 11th. Wall Street Zen cut Spotify Technology from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Piper Sandler assumed coverage on Spotify Technology in a research report on Thursday, October 8th. They issued a "neutral" rating and a $540.00 target price for the company. Benchmark cut their target price on Spotify Technology from $695.00 to $650.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Finally, KeyCorp decreased their price target on Spotify Technology from $680.00 to $660.00 and set an "overweight" rating for the company in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $610.25.

Key Headlines Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify expanded its audiobooks business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music streaming and strengthen user engagement. Some analysts view the stock as modestly undervalued despite its elevated valuation. Spotify Technology expands audiobooks and renews Rogan
• Positive Sentiment: The launch of Spotify’s internal software-tools business could create a new enterprise revenue stream, while closer Siri integration in iOS 27 makes it easier for iPhone users to control Spotify by voice. Spotify launches software-tools business Spotify Siri integration
• Neutral Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares to cover tax withholding tied to vested equity awards. The transaction substantially reduced his direct holdings, but its stated tax-related purpose makes it less concerning than a discretionary sale. Spotify CEO SEC filing
• Neutral Sentiment: Investment commentary highlighted Spotify’s strong profitability but questioned whether a valuation near 39 times earnings is justified. The stock has also lagged major market benchmarks over the past six months, adding to investor caution. Spotify valuation analysis
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns about earnings momentum, particularly with the shares trading at a premium valuation.
• Negative Sentiment: Reports that Spotify’s new lossless-audio feature is causing problems for many desktop users could hurt the rollout’s reception and create near-term customer-experience and support costs. Spotify lossless audio desktop-app problems

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.