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Spotify Technology S.A.NYSE:SPOT Aktienübersicht

Marktkapitalisierung US$99.8b
Aktienkurs
US$473.21
n/v
1Y-17.9%
7D-8.4%
Wert des Portfolios
​
Siehe

Spotify Technology S.A.

NYSE:SPOT Lagerbericht

Marktkapitalisierung: US$99.8b

Spotify Technology (SPOT) Aktienübersicht

Spotify Technology S.A. bietet zusammen mit ihren Tochtergesellschaften weltweit Audio-Streaming-Dienste an. Mehr Details

SPOT grundlegende Analyse
Schneeflocken-Punktzahl
Bewertung4/6
Künftiges Wachstum4/6
Vergangene Leistung6/6
Finanzielle Gesundheit5/6
Dividenden0/6

Belohnungen

31.9% unter unserer Schätzung des beizulegenden Zeitwerts gehandelt

Prognostiziertes Gewinnwachstum 16.28% pro Jahr

Die Erträge stiegen im vergangenen Jahr um 94.4%

Analysten sind sich einig, dass der Aktienkurs um 35%

Risikoanalyse

Bei unseren Risikoprüfungen wurden keine Risiken für SPOT festgestellt.

SPOT Community Fair Values

Create Narrative

See what 365 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Spotify Technology

Industry Tailwinds, Increased Monetization and Changing Cost Structure Will Lead To Higher Cash Flows

Key Takeaways Spotify is wisely focusing on long-term objectives over short-term profitability. Leverage will shift from labels (suppliers) to Spotify (the aggregator) as scale continues to grow.
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US$703.12
FV
32.7% unterbewertet intrinsischer Abschlag
19.00%
Revenue growth p.a.
14.2k
users have viewed this narrative
19users have liked this narrative
7users have commented on this narrative
32users have followed this narrative
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Spotify Technology

Spotify - A Fundamental and Historical Valuation

️Business Overview Key Metrics Total: -1/17 +1 ✅ Projected Operating Margin: 17.56% +1 ✅ Projected 5-Year Revenue CAGR: 10.87% +0 ⚠️ Last 5-Year ROIC: 4.68% -2 ❌ Estimated Cost of Capital: 7.71% (greater than ROIC) -1 ❌ Last 5-Year Shares Outstanding CAGR: +2.07% +1 ✅ Projected 5-Year EPS CAGR: 15.46% +0 ⚠️ Projected 5-Year Dividend CAGR: N/A +1 ✅ Estimated Debt Rating: A1 -1 ❌ Morningstar Moat: Narrow -1 ❌ Morningstar Uncertainty: High Despite its Narrow Moat rating by Morningstar, Spotify still shows an operating margin around ~15-20% and expanding. Its revenue and EPS growth is also solid between 10-15%.
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US$357.76
FV
32.3% überbewertet intrinsischer Abschlag
7.02%
Revenue growth p.a.
133
users have viewed this narrative
1users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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Spotify Technology

Billions will be generated year over year. It's just the beginning.

Spotify: It's just the beginning. Het monetiseringsproces is nog maar net begonnen.
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US$769.91
FV
38.5% unterbewertet intrinsischer Abschlag
18.03%
Revenue growth p.a.
225
users have viewed this narrative
5users have liked this narrative
0users have commented on this narrative
9users have followed this narrative
SPOT logo
Spotify Technology

Expanding Smartphone Penetration And AI Will Redefine Digital Streaming

Key Takeaways Accelerating AI innovation and evolving monetization strategies position Spotify for durable user and revenue growth, extending its lead through compounding engagement and new payment flows. Flexible global expansion and strong capital allocation create long-term scalability, with untapped upside in mature markets and robust support for investing in future initiatives.
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US$767.84
FV
38.4% unterbewertet intrinsischer Abschlag
16.10%
Revenue growth p.a.
73
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
7users have followed this narrative
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Spotify Technology

GDPR And AI Commoditization Will Erode Fundamentals

Key Takeaways Escalating regulatory constraints and rising content costs threaten Spotify's revenue growth, margins, and long-term profitability prospects. Intensifying competition and shifting market trends risk capping user growth, elevating churn, and stalling the company's efforts to diversify and expand earnings.
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US$571.21
FV
17.2% unterbewertet intrinsischer Abschlag
13.14%
Revenue growth p.a.
100
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
7users have followed this narrative
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Spotify Technology

Ad Revenue and Margin Improvement Will Lead to Stronger Cash Flows

Key Takeaways Premium revenue to be kept in check by competition and market saturation. Gross margin will improve, but remain below 30%.
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US$222
FV
113.2% überbewertet intrinsischer Abschlag
304
users have viewed this narrative
5users have liked this narrative
2users have commented on this narrative
7users have followed this narrative
SPOT logo
Spotify Technology

Tailwinds, Monetization and Cost Structure Will Lead To Higher Cash Flows

Catalysts (optional) User Growth and Engagement Will Remain The Focus Over Profitability Streaming Economics Will Favour The Suppliers, Users AND The Aggregators. Being An Audio Platform Will Lead To Less Reliance on Variable-Cost Music The Market Will Come To Understand Spotify’s Current and Future Profitability Assumptions (optional) Retain Dominant Market Share Position In Paid Music Streaming 325m paid subs by 2028 (35% of 930m market).
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US$343.15
FV
37.9% überbewertet intrinsischer Abschlag
17.00%
Revenue growth p.a.
16
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
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Eva Live

Is this the AI replacing marketing professionals?

Key Takeaways EVA Live (Nasdaq:GOAI) has launched NeuroServer , a purpose-built AI system trained specifically for digital advertising rather than built on off-the-shelf AI models. Its custom neural architecture is designed for multi-objective optimisation across real campaign KPIs, and was trained using reinforcement learning in an agency environment, positioning it very differently from typical AI-powered ad-tech tools.Read more

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1.5k
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8users have liked this narrative
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39users have followed this narrative
US$7.43
50.2% unterbewertet intrinsischer Abschlag
Fair Value
Revenue
36.8% p.a.
Profit Margin
25%
Future PE
20x
Price in 2031
US$11.97

Spotify Technology S.A. Wettbewerber

Preisentwicklung & Leistung

Zusammenfassung der Höchst- und Tiefststände sowie der Veränderungen der Aktienkurse für Spotify Technology
Historische Aktienkurse
Aktueller AktienkursUS$473.21
52-Wochen-HochUS$785.00
52-Wochen-TiefUS$405.00
Beta1.72
1 Monat Veränderung1.15%
3 Monate Veränderung-19.33%
1 Jahr Veränderung-17.90%
3 Jahre Veränderung264.37%
5 Jahre Veränderung76.60%
Veränderung seit IPO217.57%

Aktuelle Nachrichten und Updates

Spotify Is A Buy Despite Stiff Competition

Mar 15

Recent updates

Spotify Is A Buy Despite Stiff Competition

Mar 15

Spotify (SPOT): The Audio Super-Platform – Scaling Profitability in the "Year of Raising Ambition"

Spotify Technology (SPOT) has decisively silenced the skeptics who questioned its ability to turn massive scale into meaningful profit. Following its Q4 fiscal 2025 earnings report on February 10, 2026 , the stock experienced a powerful 12% surge , eventually stabilizing around $511.84 as of February 27.

Spotify - A Fundamental and Historical Valuation

️Business Overview Key Metrics Total: -1/17 +1 ✅ Projected Operating Margin: 17.56% +1 ✅ Projected 5-Year Revenue CAGR: 10.87% +0 ⚠️ Last 5-Year ROIC: 4.68% -2 ❌ Estimated Cost of Capital: 7.71% (greater than ROIC) -1 ❌ Last 5-Year Shares Outstanding CAGR: +2.07% +1 ✅ Projected 5-Year EPS CAGR: 15.46% +0 ⚠️ Projected 5-Year Dividend CAGR: N/A +1 ✅ Estimated Debt Rating: A1 -1 ❌ Morningstar Moat: Narrow -1 ❌ Morningstar Uncertainty: High Despite its Narrow Moat rating by Morningstar, Spotify still shows an operating margin around ~15-20% and expanding. Its revenue and EPS growth is also solid between 10-15%.

Spotify Technology S.A.'s (NYSE:SPOT) 26% Cheaper Price Remains In Tune With Earnings

Feb 05
Spotify Technology S.A.'s (NYSE:SPOT) 26% Cheaper Price Remains In Tune With Earnings

We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve

Nov 11
We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve

Spotify Technology S.A. Just Recorded A 63% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 07
Spotify Technology S.A. Just Recorded A 63% EPS Beat: Here's What Analysts Are Forecasting Next

Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?

Jul 31
Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?

Spotify Technology (NYSE:SPOT) Could Easily Take On More Debt

Jul 02
Spotify Technology (NYSE:SPOT) Could Easily Take On More Debt

We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve

May 07
We Think Spotify Technology's (NYSE:SPOT) Profit Is Only A Baseline For What They Can Achieve

Subdued Growth No Barrier To Spotify Technology S.A. (NYSE:SPOT) With Shares Advancing 28%

May 05
Subdued Growth No Barrier To Spotify Technology S.A. (NYSE:SPOT) With Shares Advancing 28%

Spotify Is Executing Brilliantly, But The Stock Isn't A Buy Anymore (Rating Downgrade)

Apr 16

Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?

Apr 02
Is It Too Late To Consider Buying Spotify Technology S.A. (NYSE:SPOT)?

Spotify: The Road Ahead Is Tough, But It Is Positioned Well

Mar 14

Spotify: Just Getting Started

Feb 14

Spotify Q4: Profitability Is Only Getting Better

Feb 05
User avatar

Narrative update from Michael Paige

Retain Dominant Market Share Position In Paid Music StreamingThis assumptions appears to be tracking well and ahead of my conservative estimates. I estimated 8% growth per year in MAU and premium subs

Spotify Q4 Preview: Changing Creator Incentives

Jan 22

Spotify: The Operational Leverage Run Is Close To Being Over, What's Next?

Jan 15

Spotify: My Top Investment Pick For 2025

Dec 15

From $15 Billion To $100 Billion: Lessons From Our Spotify Investment

Dec 08
User avatar

Expanding Audiobook Offerings And AI Innovation Propel Dynamic Growth Trajectory

Expansion into audiobooks and AI-enhanced music discovery are set to boost user engagement and revenue growth.

Spotify Q3: Strong Subscriber Growth And Margin Improvement

Nov 12

Spotify: Who's There? TikTok - Buy

Oct 03
User avatar

Narrative update from Richard Bowman

Monthly active users up 2% Q/Q and 14% Y/Y

Spotify: Why We Remain Confident In The Position We've Built

Sep 13

Spotify: Beware Slowing MAU Growth, Lock In Gains And Sell (Rating Downgrade)

Aug 24
User avatar

Narrative update from Michael Paige

In terms of market share, nothing has particularly changed, and reports still indicate that it has around one-third of market share in the industry. 

Spotify Q2: Subscriber Gains With Improved Monetization

Jul 23

Spotify: Ready To Jump As Price And Bundling Adjustment Flow To Earnings

Jul 16

Spotify's Price Hikes Make It Expensive For Everyone

Jul 08

Spotify: Price Increases Are Helping To Mask Weaker User Growth

Jun 07

Aktionärsrenditen

SPOTUS EntertainmentUS Markt
7D-8.4%-1.9%-0.1%
1Y-17.9%-0.1%15.9%

Rendite im Vergleich zur Industrie: SPOT unter dem Niveau der Branche US Entertainment , die im vergangenen Jahr eine Rendite von -0.1% erzielte.

Rendite vs. Markt: SPOT hinter dem Markt US zurück, der im vergangenen Jahr eine Rendite von 15.9 erzielte.

Preisvolatilität

Is SPOT's price volatile compared to industry and market?
SPOT volatility
SPOT Average Weekly Movement8.0%
Entertainment Industry Average Movement9.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market3.3%

Stabiler Aktienkurs: SPOT hatte in den letzten 3 Monaten im Vergleich zum US -Markt keine signifikante Preisvolatilität.

Volatilität im Zeitverlauf: SPOTDie wöchentliche Volatilität (8%) ist im vergangenen Jahr stabil geblieben.

Über das Unternehmen

GegründetMitarbeiterCEOWebsite
20067,000Alex Norströmwww.spotify.com

Spotify Technology S.A. bietet zusammen mit seinen Tochtergesellschaften weltweit Audio-Streaming-Dienste an. Das Unternehmen ist in zwei Segmenten tätig: Premium und werbefinanziert. Das Premium-Segment bietet Online- und Offline-Streaming-Zugang zu seinem Musik- und Podcast-Katalog, einschließlich Videos, verlustfreier Musik und Hörbüchern in ausgewählten Märkten über Abonnement-Angebote, die hauptsächlich direkt an Endnutzer und Partner verkauft werden.

Spotify Technology S.A.'s Grundlagenzusammenfassung

Wie verhalten sich die Erträge und Einnahmen von Spotify Technology im Vergleich zum Marktanteil des Unternehmens?
SPOT grundlegende Statistiken
MarktanteilUS$99.80b
Gewinn(TTM)US$2.56b
Umsatz(TTM)US$19.88b
38.1x
Kurs-Gewinn-Verhältnis
4.9x
Kurs-Umsatz-Verhältnis

Ist SPOT zu teuer?

Siehe Fair Value und Bewertungsanalyse

Erträge & Einnahmen

Wichtige Rentabilitätsstatistiken aus dem letzten Ergebnisbericht (TTM)
SPOT Gewinn- und Verlustrechnung (TTM)
Einnahmen€17.19b
Kosten der Einnahmen€11.69b
Bruttogewinn€5.50b
Sonstige Ausgaben€3.28b
Gewinn€2.21b

Zuletzt gemeldete Gewinne

Dec 31, 2025

Datum des nächsten Gewinnberichts

k.A.

Gewinn per Aktie (EPS)10.75
Bruttomarge31.98%
Nettogewinnspanne12.87%
Schulden/Eigenkapital-Verhältnis17.5%

Wie hat sich SPOT auf lange Sicht entwickelt?

Historische Performance und Vergleiche

Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/03/25 11:20
Aktienkurs zum Tagesende2026/03/25 00:00
Gewinne2025/12/31
Jährliche Einnahmen2025/12/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Details des Analysemodells, das zur Erstellung dieses Berichts verwendet wurde, finden Sie auf unserer Github-Seite; außerdem bieten wir Leitfäden zur Nutzung unserer Berichte sowie Tutorials auf Youtube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

Spotify Technology S.A. wird von 68 Analysten beobachtet. 35 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
William Noel MilnerArete Research Services LLP
Samuel LourenszArete Research Services LLP
Richard KramerArete Research Services LLP