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SPOT US​

Spotify Technology S.A.(SPOT US)

$584.22+0.560.10%Ext:$574.63-9.591.64%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Spotify Technology S.A. — Company Profile

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

Sector
Information Technology
Industry
Communications Equipment
Exchange
UN
CEO
Alex Norström
Headquarters
Stockholm, N4, SE
IPO Date
Apr 3, 2018
Employees
7,000
Website
open.spotify.com

Key Metrics

Price
$472.89
Market Cap
$97.22B
Revenue (TTM)
$4.53B
Net Income (TTM)
$721.00M
EPS (TTM)
3.56
P/E (TTM)
35.90
P/B (TTM)
12.12
Dividend Yield
0.00%
ROE (TTM)
8.99%
ROA (TTM)
5.49%
Operating Margin
15.77%
Beta
0.34

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

Website
open.spotify.com
Location
Stockholm, N4, SE
Phone46702204607
Employees7,000
CEOAlex Norström
Sector
Information Technology
Industry
Communications Equipment
IPO DateApr 3, 2018

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Latest Documents

SEC Filings(378)

Expand
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 4Statement of changes in beneficial ownership14 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 4Statement of changes in beneficial ownership16 Sep
  • 144Soderstrom Gustav14 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 6-KCurrent report (foreign private issuer)3 Sep
  • 3Giraldo John P31 Aug
  • 6-KCurrent report (foreign private issuer)20 Aug
  • 4Statement of changes in beneficial ownership18 Aug

News

  • Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs23 Oct
  • Spotify Q3 Earnings Call Highlights Ad Recovery and Cost Control23 Oct
  • Spotify Stock Jumps on Upbeat Q3 as AI Takes Center Stage23 Oct
  • Spotify Analysts Raise Their Forecasts Following Q3 Earnings23 Oct
  • ServiceNow, Zscaler and a Music Streaming Giant on CNBC's ‘Final Trades'23 Oct
  • Spotify Technology Q3 Earnings Call Highlights22 Oct
  • A Look at Spotify Technology SA (SPOT) After 11.1% Gain -- GF Value $529.79 vs Price $583.6622 Oct
  • Why Spotify Stock Popped Today22 Oct
  • Spotify Technology S.A. (SPOT) Q3 2026 Earnings Call Transcript22 Oct
  • Spotify: 3 Key Takeaways for Long-Term Investors22 Oct
  • Spotify Stock Surges 10% on Q3 Subscriber Beat And Bullish Forecast22 Oct
  • Spotify confirms Family Plan crackdown, but calls it a ‘routine improvement'22 Oct
  • Spotify revenue rises 16% as subscribers and margins improve22 Oct
  • Spotify's current AI bet is about being the music service that agents choose22 Oct
  • Spotify Stock Surges on Subscriber Growth, AI Optimism22 Oct
  • Brokers Suggest Investing in Spotify (SPOT): Read This Before Placing a Bet22 Oct
  • Spotify (SPOT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates22 Oct
  • Why is Spotify stock soaring 8% today?22 Oct
  • Spotify Jumps 10% as Premium Subscriber Growth Tops Forecasts; Sirius XM Stays Put22 Oct
  • Meta, Tesla Earnings Trigger Pre-Market Selloff22 Oct

Mentions in Filings

  • … Reference Asset may be obtained through the SEC’s website at http://www.sec.gov. We encourage you to review recent levels of the Reference Asset prior to making an investment decision with respect to the notes. <strong>Spotify Technology S.A.</strong> is an audio streaming subscription service. Information filed by the company with the SEC under the Exchange Act can be located by reference to its SEC file number: 001-38438, or its CIK Code: 0001639920. Its ordi …
    BANK OF MONTREAL /CAN/Spotify Technology S.A.·FWP - ARC 7478·Q4 26·7 Oct
  • … under the Exchange Act can be located by reference to its SEC file number: 001-13057, or its CIK Code: 0001037038. Its Class A common stock is listed on the New York Stock Exchange under the ticker symbol “RL.” <strong>Spotify Technology S.A.</strong> is an audio streaming subscription service. Information filed by the company with the SEC under the Exchange Act can be located by reference to its SEC file number: 001-38438, or its CIK Code: 0001639920. Its ordi …
    BANK OF MONTREAL /CAN/Spotify Technology S.A.·FWP - ELN 6351·Q4 26·6 Oct
  • … rms, Inc. (Class A) | | 1% | | 8 | | 697.52 | | 5,580 | | NTES | NetEase, Inc. (ADR) (4) † | | 1% | | 44 | | 122.98 | | 5,411 | | PUBGY | Publicis Groupe S.A. (ADR) † | | 1% | | 191 | | 28.26 | | 5,398 | | SPOT | <strong>Spotify Technology S.A.</strong> †\* | | 1% | | 10 | | 525.34 | | 5,253 | | Consumer Discretionary (10%): | | | | | | | | | | | ANF | Abercrombie & Fitch Co. (Class A) \* | | 1% | | 34 | | 159.64 | | 5,428 | | AMZN | Amazon.com, Inc. \* | | 1% | …
    FT 13295Spotify Technology S.A.·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·22 Oct
  • … Inc. (Class C) | | 3.27% | | 14 | $ | 336.40 | $ | 4,710 | | META | Meta Platforms, Inc. (Class A) | | 3.37% | | 7 | | 694.25 | | 4,860 | | NFLX | Netflix, Inc. \* | | 3.33% | | 70 | | 68.69 | | 4,808 | | SPOT | <strong>Spotify Technology S.A.</strong> †\* | | 3.28% | | 9 | | 526.08 | | 4,735 | | TTWO | Take-Two Interactive Software, Inc. \* | | 3.30% | | 23 | | 206.70 | | 4,754 | | Consumer Discretionary (13.27%): | | | | | | | | | | | BABA | Alibaba Group Hold …
    FT 13293Spotify Technology S.A.·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·21 Oct
  • Filed Pursuant to Rule 433 Registration Statement No. 333-285508 | | | --- | | **Bank of Montreal** **Market Linked Securities** | | | | --- | | Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside Principal at Risk Securities Linked to the Ordinary Shares of <strong>Spotify Technology S.A.</strong> due April 26, 2029 Term Sheet to Preliminary Pricing Supplement dated October 14, 2026 | Summary of Terms
    BANK OF MONTREAL /CAN/Spotify Technology S.A.·FWP - WFC ARC 7506 TERMSHEET·Q4 26·14 Oct
  • … and Name of Issuer of Securities (1)(3) | | Offering Price | | Shares | | Share | | the Trust (2) | | | Common Stocks (100.00%): | | | | | | | | | | | Communication Services (3.39%): | | | | | | | | | | | SPOT | <strong>Spotify Technology S.A.</strong> †\* | | 3.39% | | 10 | $ | 526.42 | $ | 5,264 | | Consumer Discretionary (16.62%): | | | | | | | | | | | EAT | Brinker International, Inc. \* | | 3.31% | | 27 | | 190.20 | | 5,135 | | DUOL | Duolingo, Inc. \* | | …
    FT 13255Spotify Technology S.A.·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·9 Oct

Key Stats

Trading

Px/Chg 1D$472.89 / -3.77%
Avg Volume2.18M
Beta0.34
Mkt Cap97.22B
FD Mkt Cap111.43B

Float

Shrs Out/Float205.58M / 151.30M
Short Float0.04%
Days to Cover3.28
Stock Repurchased$311.03M

Current Valuation

EV92.43B
EV/EBITDA31.19
EV/Sales5.27
P/B12.12
P/S5.55
FCF Yield0.87%
ROE8.99%
ROA5.49%
Current Ratio2.06

Estimates

P/E35.90
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings33.75-58.70-99.65105.3886.90134.84
Price / Sales11.552.154.007.6522.5221.45
Price / Book Value15.5210.6020.9321.7112.2512.12
Price / Free Cash Flow314.111,201.9878.6652.50122.33115.10
ENTERPRISE VALUE METRICS
Enterprise Value76,941.024,448.351,590.5117,138.199,093.192,434.7
Enterprise Value / Sales11.142.083.897.4721.8720.39
Enterprise Value / EBITDA-10.82-154.74-166.9678.2094.1195.29
Enterprise Value / EBIT18.92-74.31-110.4785.0796.3997.92

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue15.5%9,668.011,727.013,247.015,673.017,186.0
Gross Income20.7%2,591.02,926.03,397.04,724.05,496.0
EBITDA54.3%416.0-158.0-309.01,498.02,357.0
EBIT67.1%289.0-329.0-467.01,377.02,255.0
Net Income—-34.0-430.0-532.01,138.02,212.0
EPS (Diluted)—-1.03-2.93-2.735.5010.51
BALANCE SHEET
Cash & ST Inv28.1%3,510.43,322.44,230.07,447.99,463.0
Total Assets20.2%7,191.37,573.18,377.712,004.815,008.6
Total Liabilities7.2%5,066.05,191.95,845.16,479.96,680.2
Total Shareholder Equity40.7%2,125.32,381.22,532.65,524.98,325.5
CASH FLOW
Net Operating Cash Flow68.8%361.046.0680.02,301.02,933.0
Cap Ex-8%-85.0-25.0-6.0-17.0-61.0
Free Cash Flow79.6%276.021.0674.02,284.02,872.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)581.52
Basic Shares205.58
Market Cap119,551.3
Diluted Shares208.58
Fully Diluted Shares Outstanding208.58
Fully Diluted Market Cap121,292.7
+Consolidated Debt513.4
−In-the-Money Convertible Debt—
+Capital Leases444.1
+Operating Leases—
−Cash & Equivalents-6,851.4
−Short-term Investments-4,379.8
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value113,213.3

Segment data

Revenue

by Products and services

  • Premium88%
  • Ad-supported12%

Revenue

by Geography

  • Other Countries62%
  • United States38%
  • Luxembourg0%

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