Spotify Technology S.A. (SPOT)
| Market Cap | 58.28B |
| Revenue (ttm) | 15.04B |
| Net Income (ttm) | -119.57M |
| Shares Out | 195.12M |
| EPS (ttm) | -0.65 |
| PE Ratio | n/a |
| Forward PE | 96.15 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 815,247 |
| Open | 298.88 |
| Previous Close | 298.65 |
| Day's Range | 294.26 - 301.37 |
| 52-Week Range | 129.23 - 319.30 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 299.59 (+0.31%) |
| Earnings Date | Apr 23, 2024 |
About SPOT
Spotify Technology S.A., 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. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tab... [Read more]
Financial Performance
In 2023, SPOT's revenue was 13.25 billion, an increase of 12.96% compared to the previous year's 11.73 billion. Losses were -532.00 million, 23.7% more than in 2022.
Financial numbers in EUR Financial StatementsAnalyst Forecast
According to 30 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $299.59, which is an increase of 0.31% from the latest price.
News
Spotify is quietly moves lyrics behind a paywall
Following various reports citing frustrated posts from users on Reddit, Spotify is quietly confirming the change.
Spotify Q1 Gross Profit Tops $1 Billion – 3 Trends For Continued Growth
This week, Spotify beat first-quarter earnings and revenue estimates returning the 18-year-old company to profitably. Following mass layoffs in 2023 and increased service prices, the audio giant repor...
Spotify says Apple has rejected its app update with price information for EU users
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
Spotify submits a new update to Apple with pricing information for EU users
Spotify said today that it has submitted a new version of its app for EU users with pricing information and basic site information. Critically, the version doesn't contain the link to the website.
Spotify CEO Daniel Ek has realized laying off 1,500 people at one go may have created a 'significant challenge' for Spotify's day-to-day operations
Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December. "It took us some time to find our footing," Ek told investors in an earnings call.
JBLU, XRX, AFRM, SPOT: Stocks to Watch
Stocks continue their strong start to the trading week. Marc X. Lopresti discusses this, as well as his stocks to watch which include JetBlue (JBLU), Xerox (XRX), Affirm (AFRM), and Spotify (SPOT).
Spotify reaches record high earnings — but misses target on monthly active users
Spotify's quarterly gross profit topped $1.1 billion for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active user...
Spotify Dubs 2024 ‘Year of Monetization' as Subscribers Surge 14% in Q1
Spotify is tuned in to upbeat earnings outcomes, marking a robust beginning to its designated “year of monetization” after a standout performance in 2023 characterized by significant revenue growth, m...
Spotify Has Been on a Tear: Wealth Enhancement Group's Yoshioka
Wealth Enhancement Group Portfolio Manager Ayako Yoshioka joins Ed Ludlow and Caroline Hyde to share her expectations for upcoming big tech earnings, and to weigh in on Spotify's strong results. She s...
Spotify Stock Soars as Monthly Active Users Jump
Spotify Technology (SPOT) shares skyrocketed in intraday trading Tuesday after the streaming audio provider posted a quarterly profit and strong sales on a big jump in the number of users.
Why Spotify Stock Is Soaring After Q1 Earnings
Spotify beat expectations for the first quarter and its stock is notably higher following the report. Here's why.
Spotify Needs to Keep the Price Hits Coming
The music streamer's market value has surged on the belief that its money-losing days are in the past.
Spotify swings to profit, paying subscribers rise
Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.
Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention
Spotify beat expectations on the top and bottom lines when it reported quarterly earnings Tuesday, after a year of activist investor scrutiny and cost-cutting.
Spotify (NYSE: SPOT) rises despite lower monthly users in Q1
Spotify Technology (NYSE: SPOT) stock surged by 7.99% in premarket trading today following the release of its first-quarter results, which largely met analysts' expectations. The music streaming giant...
Spotify Stock Rises After Earnings Beat. Profit Matters More Than Miss on Users.
Spotify shares have climbed 45% this year so far as it focuses on profitability.
Spotify's stock gains as monthly active users fall short but margins improve
Spotify Technology SA shares were rising about 3% in premarket trading Tuesday after the music-streaming company came up shy on monthly active users for the latest quarter but showed margin improvemen...
Spotify's monthly user numbers miss estimates on lower promotions
Spotify on Tuesday reported quarterly monthly active users (MAU) of 615 million, missing its own estimates, as the Swedish music streaming company spent less on marketing activities to draw in more li...
Spotify Technology S.A. Releases Financial Results for First Quarter 2024
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the first quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck ...
Chart Master's Spotify (Rick's Version)
Shake it off, T-Swift fans and Spotify users. Earnings are ahead for $SPOT and the Chart Master has the technical tunes to keep you streaming right along.
Spotify (SPOT): Investing Outlook for Music Streaming Stocks
Doesn't everyone listen to Taylor Swift, asks David Trainer. He spotlights Spotify (SPOT).
The “Taylor Swift Effect”: New Album's Impact on Spotify (SPOT)
Spotify (SPOT) is pulling back today. Kevin Green discusses the “Taylor Swift Effect” and her new album's potential benefits for Spotify.
Best Swedish stocks to buy as the OMX Stockholm 30 Rises
The OMX Stockholm 30 index has been in a strong bull run this year. The jump is in line with the performance of other European stocks. Investor AB, Spotify, and Atlas Copco are some of the best stocks...
Taylor Swift's New Album Rollout Has Spotify, Social Media Companies And More Fighting For Swiftie Attention
Ahead of the release of “The Tortured Poets Department” this Friday, many of Taylor Swift's promotional efforts have been backed by social media companies and streaming services looking to gain the at...