Spotify Technology (SPOT) Stock Price, News & Analysis

Company Overview

Spotify Technology SA is a leading global audio streaming platform that offers music, podcasts and digital audiobooks to users around the world. Founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon, the company officially launched its service in 2008 with the aim of providing a legal, compelling alternative to file-sharing. Since its inception, Spotify has grown rapidly, leveraging personalized recommendation algorithms and curated editorial playlists to attract a broad and engaged user base.

The company operates on a freemium model, providing an ad-supported tier for casual listeners and a subscription-based premium service that offers ad-free streaming, offline downloads and enhanced audio quality. Revenue is generated primarily through monthly subscription fees and advertising sales, with strategic partnerships spanning record labels, independent artists and podcast networks. Over the years, Spotify has expanded its product offerings to include podcast creation tools, hosting services and monetization options for content creators, positioning itself as a comprehensive audio platform.

Spotify’s service is available in more than 180 markets across Europe, North America, Latin America, Asia-Pacific, the Middle East and Africa. The company continues to invest in market expansion and localization, integrating local music catalogs and regional content to deepen engagement. In addition to its consumer-facing platform, Spotify provides analytics and promotional support through its Spotify for Artists and Spotify for Podcasters tools, helping creators reach new audiences and optimize their content strategy.

Under the leadership of co-founder and CEO Daniel Ek, Spotify has pursued innovation in recommendation technology, original podcast production and strategic acquisitions. The company’s headquarters remain in Stockholm, Sweden, with additional offices in New York, London, Berlin and other key global cities. As a pioneer in the subscription streaming space, Spotify continues to shape the evolution of the audio entertainment industry through technological investment and partnerships with artists, advertisers and developers worldwide.

Key Stats

• Today's Range: $685.47 to $719.00
• 50-Day Range: $619.69 to $775.84
• 52-Week Range: $290.13 to $785.00
• Volume: 2.15 million shs
• Average Volume: 2.22 million shs
• Market Capitalization: $142.25 billion
• P/E Ratio: 115.24
• Dividend Yield: N/A
• Price Target: $701.31
• Consensus Rating: Moderate Buy

Spotify Technology Stock Analysis - MarketRank™

Spotify Technology scored higher than 87% of companies evaluated by MarketBeat, and ranked 118th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Spotify Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 19 buy ratings, 8 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Spotify Technology has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 27.18%

Earnings Growth

Earnings for Spotify Technology are expected to grow by 27.18% in the coming year, from $10.30 to $13.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Spotify Technology is 115.24, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spotify Technology is 115.24, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 33.62.

Price to Earnings Growth Ratio

Spotify Technology has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Spotify Technology has a P/B Ratio of 23.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.94% of the float of Spotify Technology has been sold short.

Short Interest Ratio / Days to Cover

Spotify Technology has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Spotify Technology has recently increased by 4.07%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Spotify Technology does not currently pay a dividend.

Dividend Growth

Spotify Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.5 / 5
• Environmental Score: -0.66

Percentage of Shares Shorted

4.94% of the float of Spotify Technology has been sold short.

Short Interest Ratio / Days to Cover

Spotify Technology has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Spotify Technology has recently increased by 4.07%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.18

News Sentiment

Spotify Technology has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 50 news articles for Spotify Technology this week, compared to 36 articles on an average week.

Search Interest

40 people have searched for SPOT on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

34 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 127% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Spotify Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Spotify Technology is held by insiders.

Percentage Held by Institutions

84.09% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SPOT Stock Analysis - Frequently Asked Questions

How have SPOT shares performed this year?

Spotify Technology's stock was trading at $447.38 on January 1st, 2025. Since then, SPOT shares have increased by 55.3% and is now trading at $694.90.

How were Spotify Technology's earnings last quarter?

Spotify Technology (NYSE:SPOT) posted its quarterly earnings data on Tuesday, April, 29th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.29 by $1.16. The company's revenue was up 15.2% on a year-over-year basis.
Read the conference call transcript.

Does Spotify Technology have any subsidiaries?

Spotify Technology subsidiaries include Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and others.

When did Spotify Technology IPO?

Spotify Technology (SPOT) raised $0 in an initial public offering on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None acted as the underwriter for the IPO.

Who are Spotify Technology's major shareholders?

Top institutional investors of Spotify Technology include Swedbank AB (0.56%), Alecta Tjanstepension Omsesidigt (0.30%), Robeco Institutional Asset Management B.V. (0.24%) and Hyperion Asset Management Ltd (0.16%).

How do I buy shares of Spotify Technology?

Shares of SPOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Spotify Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Spotify Technology investors own include NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE) and Netflix (NFLX).

Company Calendar

• Last Earnings: 4/29/2025
• Today: 7/18/2025
• Next Earnings (Estimated): 7/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: INTERNET SOFTWARE
• Sub-Industry: Communication
• Current Symbol: NYSE:SPOT
• CIK: 1639920
• Web: www.spotify.com
• Phone: 46-7-022-046-07
• Fax: N/A
• Employees: 7,691
• Year Founded: 2006

Price Target and Rating

• Average Price Target for Spotify Technology: $701.31
• High Price Target: $900.00
• Low Price Target: $375.00
• Potential Upside/Downside: +0.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.64
• Research Coverage: 28 Analysts

Profitability

• EPS (Trailing Twelve Months): $6.03
• Trailing P/E Ratio: 115.24
• Forward P/E Ratio: 67.47
• P/E Growth: 1.88
• Net Income: $1.23 billion
• Net Margins: 7.19%
• Pretax Margin: 9.23%
• Return on Equity: 22.53%
• Return on Assets: 10.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.48
• Quick Ratio: 1.48

Sales & Book Value

• Annual Sales: $16.96 billion
• Price / Sales: 8.39
• Cash Flow: $6.74 per share
• Price / Cash Flow: 103.08
• Book Value: $30.03 per share
• Price / Book: 23.14

Miscellaneous

• Outstanding Shares: 204,710,000
• Free Float: 203,888,000
• Market Cap: $142.25 billion
• Optionable: Optionable
• Beta: 1.68