View ValuationSpotify Technology 将来の成長Future 基準チェック /46Spotify Technology利益と収益がそれぞれ年間12.9%と11.2%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に23.9% 12.5%なると予測されています。主要情報12.9%収益成長率12.51%EPS成長率Entertainment 収益成長0%収益成長率11.2%将来の株主資本利益率23.91%アナリストカバレッジGood最終更新日19 May 2026今後の成長に関する最新情報お知らせ • Feb 11Spotify Technology S.A. Provides Earnings Guidance for the First Quarter of 2026Spotify Technology S.A. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects total revenue of €4.5 billion,Assumes ~670 bps headwind to growth Y/Y (vs. ~580 bps in Q4) due to foreign exchange rate movements; based on currency rates as of Fourth Quarter close (e.g. USD: Euro of 0.8514 as of December 31st, 2025) and operating income of €660 million,Incorporates €10 million in Social Charges based on a Fourth Quarter close share price of $580.71.お知らせ • Apr 24Spotify Technology S.A. Provides Earnings Guidance for the Second Quarter of 2024Spotify Technology S.A. provided earnings guidance for the Second quarter of 2024. For the quarter, the company is forecasting 631 million MAU, implies the addition of approximately 16 million net new MAUs in the Quarter and 245 million total premium subscribers, implies the additionof approximately 6 million net new subscribers in the quarter. EUR 3.8 billion in total revenue and also anticipate a gross margin of 28.1% and an operating profit of EUR 250 million.Breakeven Date Change • Feb 16Forecast to breakeven in 2024The 28 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €681.1m in 2024. Earnings growth of 46% is required to achieve expected profit on schedule.Breakeven Date Change • Jan 02Forecast to breakeven in 2024The 29 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €363.9m in 2024. Average annual earnings growth of 58% is required to achieve expected profit on schedule.Breakeven Date Change • Sep 19No longer forecast to breakevenThe 14 analysts covering Spotify Technology no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €46.2m in 2024. New consensus forecast suggests the company will make a loss of €378.0m in 2025.すべての更新を表示Recent updatesReported Earnings • Apr 28Full year 2025 earnings released: EPS: €10.77 (vs €5.67 in FY 2024)Full year 2025 results: EPS: €10.77 (up from €5.67 in FY 2024). Revenue: €17.2b (up 9.7% from FY 2024). Net income: €2.21b (up 94% from FY 2024). Profit margin: 13% (up from 7.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €370, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 12x in the Entertainment industry in Europe. Total returns to shareholders of 199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €552 per share.お知らせ • Mar 26Spotify Technology S.A. to Report Q1, 2026 Results on Apr 28, 2026Spotify Technology S.A. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026お知らせ • Mar 07Spotify Technology S.A., Annual General Meeting, Apr 15, 2026Spotify Technology S.A., Annual General Meeting, Apr 15, 2026, at 16:00 W. Europe Standard Time. Location: arendt house, 41a, avenue j.f. kennedy, l-2082 luxembourg, grand duchy of luxembourg., LuxembourgValuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €460, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 11x in the Entertainment industry in Europe. Total returns to shareholders of 284% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €658 per share.Reported Earnings • Feb 12Full year 2025 earnings released: EPS: €10.77 (vs €5.67 in FY 2024)Full year 2025 results: EPS: €10.77 (up from €5.67 in FY 2024). Revenue: €17.2b (up 9.7% from FY 2024). Net income: €2.21b (up 94% from FY 2024). Profit margin: 13% (up from 7.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 11Spotify Technology S.A. Provides Earnings Guidance for the First Quarter of 2026Spotify Technology S.A. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects total revenue of €4.5 billion,Assumes ~670 bps headwind to growth Y/Y (vs. ~580 bps in Q4) due to foreign exchange rate movements; based on currency rates as of Fourth Quarter close (e.g. USD: Euro of 0.8514 as of December 31st, 2025) and operating income of €660 million,Incorporates €10 million in Social Charges based on a Fourth Quarter close share price of $580.71.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €357, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 12x in the Entertainment industry in Europe. Total returns to shareholders of 204% over the past three years.Board Change • Jan 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Co-CEO & Director Alex Norström was the last director to join the board, commencing their role in the last week. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 26Spotify Technology S.A. to Report Q4, 2025 Results on Feb 10, 2026Spotify Technology S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 10, 2026お知らせ • Dec 11Spotify Technology S.A. Announces Election of Alex Norström and Gustav Söderström as Directors, Effective January 1, 2026Spotify Technology S.A. held an extraordinary general meeting of shareholders and holders of beneficiary certificates on December 10, 2025. The Company's shareholders and holders of beneficiary certificates considered the proposal for the election of directors. Based on the votes set forth in the proxy statement dated November 5, 2025, Alex Norström (B Director) and Gustav Söderström (B Director) were elected as members of the Board of Directors, effective January 1, 2026, for a term ending at the general meeting approving the annual accounts for the financial year ending on December 31, 2025.Buy Or Sell Opportunity • Dec 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to €477. The fair value is estimated to be €606, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.お知らせ • Nov 20Spotify Appoints Tanmaya Trivedi as Director of SalesSpotify has appointed Tanmaya Trivedi as director of sales. He joins after spending more than ten years at Meta across category leadership roles spanning gaming, education, tech, auto, BFSI, travel, health, real estate and new business. Before Meta, Trivedi worked with Sony Pictures Networks India as assistant vice president, leading revenue and channel initiatives across SET, Sony MIX and the relaunch of SAB TV. His earlier experience includes roles at UTV during the launch of Hungama TV and sales responsibilities at Zee across news and entertainment channels. Trivedi has more than two decades of industry experience and has led teams across sales strategy, category development, cross functional planning and revenue operations.Reported Earnings • Nov 05Third quarter 2025 earnings released: EPS: €4.37 (vs €1.49 in 3Q 2024)Third quarter 2025 results: EPS: €4.37 (up from €1.49 in 3Q 2024). Revenue: €4.27b (up 7.1% from 3Q 2024). Net income: €899.0m (up 200% from 3Q 2024). Profit margin: 21% (up from 7.5% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Entertainment industry in Europe.お知らせ • Nov 05+ 1 more updateRBX, A Founding Father of West Coast Hip-Hop, Files A Class Action Lawsuit Against Spotify Concerning Alleged Streaming FraudBaron & Budd, P.C. alongside Irpino Avin & Hawkins, filed a class action lawsuit in federal court in Los Angeles on behalf of musician and hip-hop producer Eric Dwayne Collins, professionally known as RBX, against Spotify. The lawsuit asserts that, for years, the company failed to properly address streaming fraud on its platform. According to the lawsuit, "streaming fraud is carried out by deploying 'Bots,' which are automated software programs that run scripts to perform repetitive tasks on the internet at high speeds. In the context of streaming fraud, large numbers of Bots are programmed to repeatedly and continuously stream certain songs, thereby fraudulently inflating the total number of streams for that music." Among other things, the suit asserts that "billions of fraudulent streams have been generated with respect to songs of 'the most streamed artist of all time,' Aubrey Drake Graham, professionally known as Drake ("Drake")." The lawsuit explains that musicians, songwriters and others are paid. The lawsuit alleges that although streaming fraud is prohibited by Spotify and the company claims that it has policies and procedures in place to address streaming fraud, "Spotify has an incentive for turning a blind eye to the blatant streaming fraud occurring on its service." According to the lawsuit, "the more users (including fake users) Spotify has, the more advertisements it can sell, the more profits the company can report, all of which serves to increase the purported value delivered to shareholders." The lawsuit further alleges, "Spotify offers a free, ad-supported version of its streaming service, which does not require the use of a valid credit card to sign up. This creates the ideal conditions for fraudulent Bot Accounts to create fake Spotify accounts." In the lawsuit, Plaintiff Eric Dwayne Collins, who performs under the name RBX, seeks to represent a class of other artists in California and the United States who earn money from royalties on Spotify. "Not everyone who makes a living in the music business is a household name like Taylor Swift -- there are thousands of songwriters, performers, and producers who earn revenue from music streaming who you've never heard of. These people are the backbone of the music business and this case is about them," Mr. Pifko added. The complaint seeks monetary damages, injunctive relief and restitution from Spotify.New Risk • Oct 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.お知らせ • Sep 30Spotify Technology S.A. Announces Leadership Changes, Effective January 1, 2026Spotify Technology S.A. announced that Founder and Chief Executive Officer Daniel Ek will transition to the role of Executive Chairman effective January 1, 2026. The company also announced Gustav Söderström, co-President and Chief Product and Technology Officer, and Alex Norström, co-President and Chief Business Officer, as its co-Chief Executive Officers. They will report to Daniel Ek and will also serve on the company’s Board of Directors subject to shareholder approval. This evolution formalizes how Spotify has successfully operated since 2023 with the co-presidents largely leading strategic development and operational execution of Spotify. As Executive Chairman, Ek’s role will more closely reflect a European chairman setup, where he will determine capital allocation, map the long-term future of Spotify and continue to provide support and guidance to its senior team. These changes will all be effective January 1, 2026.お知らせ • Sep 25Spotify Technology S.A. to Report Q3, 2025 Results on Nov 04, 2025Spotify Technology S.A. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025Reported Earnings • Jul 30Second quarter 2025 earnings released: €0.42 loss per share (vs €1.37 profit in 2Q 2024)Second quarter 2025 results: €0.42 loss per share (down from €1.37 profit in 2Q 2024). Revenue: €4.19b (up 10% from 2Q 2024). Net loss: €86.0m (down 131% from profit in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Entertainment industry in Europe.お知らせ • Jun 26Spotify Technology S.A. to Report Q2, 2025 Results on Jul 29, 2025Spotify Technology S.A. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025Reported Earnings • Apr 30First quarter 2025 earnings released: EPS: €1.10 (vs €0.99 in 1Q 2024)First quarter 2025 results: EPS: €1.10 (up from €0.99 in 1Q 2024). Revenue: €4.19b (up 15% from 1Q 2024). Net income: €225.0m (up 14% from 1Q 2024). Profit margin: 5.4% (in line with 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Europe.New Risk • Apr 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.お知らせ • Mar 27Spotify Technology S.A. to Report Q1, 2025 Results on Apr 29, 2025Spotify Technology S.A. announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025Buy Or Sell Opportunity • Mar 26Now 22% undervaluedOver the last 90 days, the stock has risen 25% to €544. The fair value is estimated to be €697, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 27% per annum over the same time period.お知らせ • Mar 01Spotify Technology S.A., Annual General Meeting, Apr 09, 2025Spotify Technology S.A., Annual General Meeting, Apr 09, 2025, at 16:00 W. Europe Standard Time. Location: arendt house, 41a, avenue j.f. kennedy, l-2082, grand duchy of luxembourg., LuxembourgReported Earnings • Feb 04Full year 2024 earnings released: EPS: €5.67 (vs €2.73 loss in FY 2023)Full year 2024 results: EPS: €5.67 (up from €2.73 loss in FY 2023). Revenue: €15.7b (up 18% from FY 2023). Net income: €1.14b (up €1.67b from FY 2023). Profit margin: 7.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Entertainment industry in Europe.Board Change • Jan 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. Independent Director Mona Sutphen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 02Spotify Technology S.A. to Report Q4, 2024 Results on Feb 04, 2025Spotify Technology S.A. announced that they will report Q4, 2024 results Pre-Market on Feb 04, 2025Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: €1.49 (vs €0.33 in 3Q 2023)Third quarter 2024 results: EPS: €1.49 (up from €0.33 in 3Q 2023). Revenue: €3.99b (up 19% from 3Q 2023). Net income: €300.0m (up 362% from 3Q 2023). Profit margin: 7.5% (up from 1.9% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Europe.Buy Or Sell Opportunity • Nov 04Now 22% undervaluedOver the last 90 days, the stock has risen 17% to €350. The fair value is estimated to be €446, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 31% per annum over the same time period.お知らせ • Sep 27Spotify Technology S.A. to Report Q3, 2024 Results on Nov 12, 2024Spotify Technology S.A. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024New Risk • Aug 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.8% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.1% increase in shares outstanding).Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: €1.37 (vs €1.55 loss in 2Q 2023)Second quarter 2024 results: EPS: €1.37 (up from €1.55 loss in 2Q 2023). Revenue: €3.81b (up 20% from 2Q 2023). Net income: €274.0m (up €576.0m from 2Q 2023). Profit margin: 7.2% (up from net loss in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in Europe.お知らせ • Jun 27Spotify Technology S.A. to Report Q2, 2024 Results on Jul 23, 2024Spotify Technology S.A. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: €0.99 (vs €1.16 loss in 1Q 2023)First quarter 2024 results: EPS: €0.99 (up from €1.16 loss in 1Q 2023). Revenue: €3.64b (up 20% from 1Q 2023). Net income: €197.0m (up €422.0m from 1Q 2023). Profit margin: 5.4% (up from net loss in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in Europe.お知らせ • Apr 24Spotify Technology S.A. Provides Earnings Guidance for the Second Quarter of 2024Spotify Technology S.A. provided earnings guidance for the Second quarter of 2024. For the quarter, the company is forecasting 631 million MAU, implies the addition of approximately 16 million net new MAUs in the Quarter and 245 million total premium subscribers, implies the additionof approximately 6 million net new subscribers in the quarter. EUR 3.8 billion in total revenue and also anticipate a gross margin of 28.1% and an operating profit of EUR 250 million.New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).お知らせ • Apr 04Spotify Technology S.A. Announces CFO ChangesSpotify Technology S.A. announced the appointment of Christian Luiga as its new Chief Financial Officer. Christian joins Spotify from Saab AB, a European defense and security company, where he served as Deputy Chief Executive Officer and Chief Financial Officer. Prior to joining Saab AB, Christian also held several key leadership roles including CFO and acting CEO and President at European telecommunications company, Telia. He will be based in Sweden and have responsibility for the following functions: financial planning and analysis, audit and risk, investor relations, accounting, corporate development, tax and treasury. The company currently plans for Christian to join in Third Quarter of 2024. Ben Kung, Spotify Vice President of Financial Planning and Analysis, who has been a leader on finance team for several years will serve as interim CFO.お知らせ • Mar 27Spotify Technology S.A. to Report Q1, 2024 Results on Apr 23, 2024Spotify Technology S.A. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024New Risk • Mar 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Mar 08Spotify Technology S.A., Annual General Meeting, Apr 17, 2024Spotify Technology S.A., Annual General Meeting, Apr 17, 2024, at 16:00 Central European Standard Time. Location: Arendt House, 41A, avenue J.F. Kennedy, L-2082Luxembourg, Grand Duchy of Luxembourg Luxembourg United States Agenda: To Approve the Company's annual accounts for the financial year ended December31, 2023 and the Company's consolidated financial statements for the financial year ended December31, 2023; to approve the allocation of the Company's annual results for the financial year ended December31, 2023; to grant discharge of the liability of the members of the Board of Directors of the Company for, and in connection with, the financial year ended December31, 2023;to appoint the members of the Board of Directors of the Company for the period ending at the general meeting approving the annual accounts for the financial year ending on December31, 2024; and to discuss other matters.Breakeven Date Change • Feb 16Forecast to breakeven in 2024The 28 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €681.1m in 2024. Earnings growth of 46% is required to achieve expected profit on schedule.Reported Earnings • Feb 07Full year 2023 earnings released: €2.73 loss per share (vs €2.23 loss in FY 2022)Full year 2023 results: €2.73 loss per share (further deteriorated from €2.23 loss in FY 2022). Revenue: €13.2b (up 13% from FY 2022). Net loss: €532.0m (loss widened 24% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe.Breakeven Date Change • Jan 02Forecast to breakeven in 2024The 29 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €363.9m in 2024. Average annual earnings growth of 58% is required to achieve expected profit on schedule.お知らせ • Dec 23Spotify Technology S.A. to Report Q4, 2023 Results on Feb 06, 2024Spotify Technology S.A. announced that they will report Q4, 2023 results Pre-Market on Feb 06, 2024Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: €0.33 (vs €0.86 loss in 3Q 2022)Third quarter 2023 results: EPS: €0.33 (up from €0.86 loss in 3Q 2022). Revenue: €3.36b (up 11% from 3Q 2022). Net income: €65.0m (up €231.0m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe.お知らせ • Sep 26Spotify Technology S.A. to Report Q3, 2023 Results on Oct 24, 2023Spotify Technology S.A. announced that they will report Q3, 2023 results Pre-Market on Oct 24, 2023Breakeven Date Change • Sep 19No longer forecast to breakevenThe 14 analysts covering Spotify Technology no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €46.2m in 2024. New consensus forecast suggests the company will make a loss of €378.0m in 2025.Reported Earnings • Jul 26Second quarter 2023 earnings released: €1.55 loss per share (vs €0.65 loss in 2Q 2022)Second quarter 2023 results: €1.55 loss per share (further deteriorated from €0.65 loss in 2Q 2022). Revenue: €3.18b (up 11% from 2Q 2022). Net loss: €302.0m (loss widened 142% from 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Entertainment industry in Europe.Board Change • Jul 26Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Mona Sutphen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.業績と収益の成長予測WBAG:SPOT - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202825,0004,0154,8454,7992312/31/202722,1703,3304,0984,1443612/31/202619,4782,6733,4433,422333/31/202617,5292,7083,1703,230N/A12/31/202517,1862,2122,8722,933N/A9/30/202516,8971,4052,9152,960N/A6/30/202516,6138062,8202,846N/A3/31/202516,2271,1662,6112,629N/A12/31/202415,6731,1382,2842,301N/A9/30/202415,1027011,8031,815N/A6/30/202414,4714661,3021,311N/A3/31/202413,841-110823832N/A12/31/202313,247-532674680N/A9/30/202312,742-732203213N/A6/30/202312,421-9632842N/A3/31/202312,108-7865168N/A12/31/202211,727-4302146N/A9/30/202211,250-199199235N/A6/30/202210,715-31262318N/A3/31/202210,18274262333N/A12/31/20219,668-34276361N/A9/30/20219,147-120245349N/A6/30/20218,621-223252348N/A3/31/20218,179-559243333N/A12/31/20207,880-581181259N/A9/30/20207,567-665280355N/A6/30/20207,323-323220304N/A3/31/20207,101-43245355N/A12/31/20196,764-186N/A573N/A9/30/20196,404465N/A520N/A6/30/20196,025267N/A529N/A3/31/20195,631-51N/A469N/A12/31/20185,259-78N/A344N/A9/30/20184,913-1,116N/A289N/A6/30/20184,593-1,437N/A128N/A3/31/20184,327-1,231N/A170N/A12/31/20174,090-1,235N/A179N/A12/31/20162,952-539N/A101N/A1/1/20161,940-230N/A-38N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SPOTの予測収益成長率 (年間12.9% ) は 貯蓄率 ( 2.3% ) を上回っています。収益対市場: SPOTの収益 ( 12.9% ) はAustrian市場 ( 11.2% ) よりも速いペースで成長すると予測されています。高成長収益: SPOTの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: SPOTの収益 ( 11.2% ) Austrian市場 ( 3.8% ) よりも速いペースで成長すると予測されています。高い収益成長: SPOTの収益 ( 11.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SPOTの 自己資本利益率 は、3年後には高くなると予測されています ( 23.9 %)成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 20:04終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Spotify Technology S.A. 36 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。71 アナリスト機関William Noel MilnerArete Research Services LLPRichard KramerArete Research Services LLPSamuel LourenszArete Research Services LLP68 その他のアナリストを表示
お知らせ • Feb 11Spotify Technology S.A. Provides Earnings Guidance for the First Quarter of 2026Spotify Technology S.A. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects total revenue of €4.5 billion,Assumes ~670 bps headwind to growth Y/Y (vs. ~580 bps in Q4) due to foreign exchange rate movements; based on currency rates as of Fourth Quarter close (e.g. USD: Euro of 0.8514 as of December 31st, 2025) and operating income of €660 million,Incorporates €10 million in Social Charges based on a Fourth Quarter close share price of $580.71.
お知らせ • Apr 24Spotify Technology S.A. Provides Earnings Guidance for the Second Quarter of 2024Spotify Technology S.A. provided earnings guidance for the Second quarter of 2024. For the quarter, the company is forecasting 631 million MAU, implies the addition of approximately 16 million net new MAUs in the Quarter and 245 million total premium subscribers, implies the additionof approximately 6 million net new subscribers in the quarter. EUR 3.8 billion in total revenue and also anticipate a gross margin of 28.1% and an operating profit of EUR 250 million.
Breakeven Date Change • Feb 16Forecast to breakeven in 2024The 28 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €681.1m in 2024. Earnings growth of 46% is required to achieve expected profit on schedule.
Breakeven Date Change • Jan 02Forecast to breakeven in 2024The 29 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €363.9m in 2024. Average annual earnings growth of 58% is required to achieve expected profit on schedule.
Breakeven Date Change • Sep 19No longer forecast to breakevenThe 14 analysts covering Spotify Technology no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €46.2m in 2024. New consensus forecast suggests the company will make a loss of €378.0m in 2025.
Reported Earnings • Apr 28Full year 2025 earnings released: EPS: €10.77 (vs €5.67 in FY 2024)Full year 2025 results: EPS: €10.77 (up from €5.67 in FY 2024). Revenue: €17.2b (up 9.7% from FY 2024). Net income: €2.21b (up 94% from FY 2024). Profit margin: 13% (up from 7.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €370, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 12x in the Entertainment industry in Europe. Total returns to shareholders of 199% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €552 per share.
お知らせ • Mar 26Spotify Technology S.A. to Report Q1, 2026 Results on Apr 28, 2026Spotify Technology S.A. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026
お知らせ • Mar 07Spotify Technology S.A., Annual General Meeting, Apr 15, 2026Spotify Technology S.A., Annual General Meeting, Apr 15, 2026, at 16:00 W. Europe Standard Time. Location: arendt house, 41a, avenue j.f. kennedy, l-2082 luxembourg, grand duchy of luxembourg., Luxembourg
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €460, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 11x in the Entertainment industry in Europe. Total returns to shareholders of 284% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €658 per share.
Reported Earnings • Feb 12Full year 2025 earnings released: EPS: €10.77 (vs €5.67 in FY 2024)Full year 2025 results: EPS: €10.77 (up from €5.67 in FY 2024). Revenue: €17.2b (up 9.7% from FY 2024). Net income: €2.21b (up 94% from FY 2024). Profit margin: 13% (up from 7.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 11Spotify Technology S.A. Provides Earnings Guidance for the First Quarter of 2026Spotify Technology S.A. provided earnings guidance for the first quarter of 2026. For the quarter, the company expects total revenue of €4.5 billion,Assumes ~670 bps headwind to growth Y/Y (vs. ~580 bps in Q4) due to foreign exchange rate movements; based on currency rates as of Fourth Quarter close (e.g. USD: Euro of 0.8514 as of December 31st, 2025) and operating income of €660 million,Incorporates €10 million in Social Charges based on a Fourth Quarter close share price of $580.71.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €357, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 12x in the Entertainment industry in Europe. Total returns to shareholders of 204% over the past three years.
Board Change • Jan 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Co-CEO & Director Alex Norström was the last director to join the board, commencing their role in the last week. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 26Spotify Technology S.A. to Report Q4, 2025 Results on Feb 10, 2026Spotify Technology S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 10, 2026
お知らせ • Dec 11Spotify Technology S.A. Announces Election of Alex Norström and Gustav Söderström as Directors, Effective January 1, 2026Spotify Technology S.A. held an extraordinary general meeting of shareholders and holders of beneficiary certificates on December 10, 2025. The Company's shareholders and holders of beneficiary certificates considered the proposal for the election of directors. Based on the votes set forth in the proxy statement dated November 5, 2025, Alex Norström (B Director) and Gustav Söderström (B Director) were elected as members of the Board of Directors, effective January 1, 2026, for a term ending at the general meeting approving the annual accounts for the financial year ending on December 31, 2025.
Buy Or Sell Opportunity • Dec 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to €477. The fair value is estimated to be €606, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.
お知らせ • Nov 20Spotify Appoints Tanmaya Trivedi as Director of SalesSpotify has appointed Tanmaya Trivedi as director of sales. He joins after spending more than ten years at Meta across category leadership roles spanning gaming, education, tech, auto, BFSI, travel, health, real estate and new business. Before Meta, Trivedi worked with Sony Pictures Networks India as assistant vice president, leading revenue and channel initiatives across SET, Sony MIX and the relaunch of SAB TV. His earlier experience includes roles at UTV during the launch of Hungama TV and sales responsibilities at Zee across news and entertainment channels. Trivedi has more than two decades of industry experience and has led teams across sales strategy, category development, cross functional planning and revenue operations.
Reported Earnings • Nov 05Third quarter 2025 earnings released: EPS: €4.37 (vs €1.49 in 3Q 2024)Third quarter 2025 results: EPS: €4.37 (up from €1.49 in 3Q 2024). Revenue: €4.27b (up 7.1% from 3Q 2024). Net income: €899.0m (up 200% from 3Q 2024). Profit margin: 21% (up from 7.5% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Entertainment industry in Europe.
お知らせ • Nov 05+ 1 more updateRBX, A Founding Father of West Coast Hip-Hop, Files A Class Action Lawsuit Against Spotify Concerning Alleged Streaming FraudBaron & Budd, P.C. alongside Irpino Avin & Hawkins, filed a class action lawsuit in federal court in Los Angeles on behalf of musician and hip-hop producer Eric Dwayne Collins, professionally known as RBX, against Spotify. The lawsuit asserts that, for years, the company failed to properly address streaming fraud on its platform. According to the lawsuit, "streaming fraud is carried out by deploying 'Bots,' which are automated software programs that run scripts to perform repetitive tasks on the internet at high speeds. In the context of streaming fraud, large numbers of Bots are programmed to repeatedly and continuously stream certain songs, thereby fraudulently inflating the total number of streams for that music." Among other things, the suit asserts that "billions of fraudulent streams have been generated with respect to songs of 'the most streamed artist of all time,' Aubrey Drake Graham, professionally known as Drake ("Drake")." The lawsuit explains that musicians, songwriters and others are paid. The lawsuit alleges that although streaming fraud is prohibited by Spotify and the company claims that it has policies and procedures in place to address streaming fraud, "Spotify has an incentive for turning a blind eye to the blatant streaming fraud occurring on its service." According to the lawsuit, "the more users (including fake users) Spotify has, the more advertisements it can sell, the more profits the company can report, all of which serves to increase the purported value delivered to shareholders." The lawsuit further alleges, "Spotify offers a free, ad-supported version of its streaming service, which does not require the use of a valid credit card to sign up. This creates the ideal conditions for fraudulent Bot Accounts to create fake Spotify accounts." In the lawsuit, Plaintiff Eric Dwayne Collins, who performs under the name RBX, seeks to represent a class of other artists in California and the United States who earn money from royalties on Spotify. "Not everyone who makes a living in the music business is a household name like Taylor Swift -- there are thousands of songwriters, performers, and producers who earn revenue from music streaming who you've never heard of. These people are the backbone of the music business and this case is about them," Mr. Pifko added. The complaint seeks monetary damages, injunctive relief and restitution from Spotify.
New Risk • Oct 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
お知らせ • Sep 30Spotify Technology S.A. Announces Leadership Changes, Effective January 1, 2026Spotify Technology S.A. announced that Founder and Chief Executive Officer Daniel Ek will transition to the role of Executive Chairman effective January 1, 2026. The company also announced Gustav Söderström, co-President and Chief Product and Technology Officer, and Alex Norström, co-President and Chief Business Officer, as its co-Chief Executive Officers. They will report to Daniel Ek and will also serve on the company’s Board of Directors subject to shareholder approval. This evolution formalizes how Spotify has successfully operated since 2023 with the co-presidents largely leading strategic development and operational execution of Spotify. As Executive Chairman, Ek’s role will more closely reflect a European chairman setup, where he will determine capital allocation, map the long-term future of Spotify and continue to provide support and guidance to its senior team. These changes will all be effective January 1, 2026.
お知らせ • Sep 25Spotify Technology S.A. to Report Q3, 2025 Results on Nov 04, 2025Spotify Technology S.A. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025
Reported Earnings • Jul 30Second quarter 2025 earnings released: €0.42 loss per share (vs €1.37 profit in 2Q 2024)Second quarter 2025 results: €0.42 loss per share (down from €1.37 profit in 2Q 2024). Revenue: €4.19b (up 10% from 2Q 2024). Net loss: €86.0m (down 131% from profit in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Entertainment industry in Europe.
お知らせ • Jun 26Spotify Technology S.A. to Report Q2, 2025 Results on Jul 29, 2025Spotify Technology S.A. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025
Reported Earnings • Apr 30First quarter 2025 earnings released: EPS: €1.10 (vs €0.99 in 1Q 2024)First quarter 2025 results: EPS: €1.10 (up from €0.99 in 1Q 2024). Revenue: €4.19b (up 15% from 1Q 2024). Net income: €225.0m (up 14% from 1Q 2024). Profit margin: 5.4% (in line with 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Europe.
New Risk • Apr 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
お知らせ • Mar 27Spotify Technology S.A. to Report Q1, 2025 Results on Apr 29, 2025Spotify Technology S.A. announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025
Buy Or Sell Opportunity • Mar 26Now 22% undervaluedOver the last 90 days, the stock has risen 25% to €544. The fair value is estimated to be €697, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 27% per annum over the same time period.
お知らせ • Mar 01Spotify Technology S.A., Annual General Meeting, Apr 09, 2025Spotify Technology S.A., Annual General Meeting, Apr 09, 2025, at 16:00 W. Europe Standard Time. Location: arendt house, 41a, avenue j.f. kennedy, l-2082, grand duchy of luxembourg., Luxembourg
Reported Earnings • Feb 04Full year 2024 earnings released: EPS: €5.67 (vs €2.73 loss in FY 2023)Full year 2024 results: EPS: €5.67 (up from €2.73 loss in FY 2023). Revenue: €15.7b (up 18% from FY 2023). Net income: €1.14b (up €1.67b from FY 2023). Profit margin: 7.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Entertainment industry in Europe.
Board Change • Jan 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. Independent Director Mona Sutphen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 02Spotify Technology S.A. to Report Q4, 2024 Results on Feb 04, 2025Spotify Technology S.A. announced that they will report Q4, 2024 results Pre-Market on Feb 04, 2025
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: €1.49 (vs €0.33 in 3Q 2023)Third quarter 2024 results: EPS: €1.49 (up from €0.33 in 3Q 2023). Revenue: €3.99b (up 19% from 3Q 2023). Net income: €300.0m (up 362% from 3Q 2023). Profit margin: 7.5% (up from 1.9% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Europe.
Buy Or Sell Opportunity • Nov 04Now 22% undervaluedOver the last 90 days, the stock has risen 17% to €350. The fair value is estimated to be €446, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 31% per annum over the same time period.
お知らせ • Sep 27Spotify Technology S.A. to Report Q3, 2024 Results on Nov 12, 2024Spotify Technology S.A. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024
New Risk • Aug 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.8% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: €1.37 (vs €1.55 loss in 2Q 2023)Second quarter 2024 results: EPS: €1.37 (up from €1.55 loss in 2Q 2023). Revenue: €3.81b (up 20% from 2Q 2023). Net income: €274.0m (up €576.0m from 2Q 2023). Profit margin: 7.2% (up from net loss in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in Europe.
お知らせ • Jun 27Spotify Technology S.A. to Report Q2, 2024 Results on Jul 23, 2024Spotify Technology S.A. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: €0.99 (vs €1.16 loss in 1Q 2023)First quarter 2024 results: EPS: €0.99 (up from €1.16 loss in 1Q 2023). Revenue: €3.64b (up 20% from 1Q 2023). Net income: €197.0m (up €422.0m from 1Q 2023). Profit margin: 5.4% (up from net loss in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in Europe.
お知らせ • Apr 24Spotify Technology S.A. Provides Earnings Guidance for the Second Quarter of 2024Spotify Technology S.A. provided earnings guidance for the Second quarter of 2024. For the quarter, the company is forecasting 631 million MAU, implies the addition of approximately 16 million net new MAUs in the Quarter and 245 million total premium subscribers, implies the additionof approximately 6 million net new subscribers in the quarter. EUR 3.8 billion in total revenue and also anticipate a gross margin of 28.1% and an operating profit of EUR 250 million.
New Risk • Apr 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).
お知らせ • Apr 04Spotify Technology S.A. Announces CFO ChangesSpotify Technology S.A. announced the appointment of Christian Luiga as its new Chief Financial Officer. Christian joins Spotify from Saab AB, a European defense and security company, where he served as Deputy Chief Executive Officer and Chief Financial Officer. Prior to joining Saab AB, Christian also held several key leadership roles including CFO and acting CEO and President at European telecommunications company, Telia. He will be based in Sweden and have responsibility for the following functions: financial planning and analysis, audit and risk, investor relations, accounting, corporate development, tax and treasury. The company currently plans for Christian to join in Third Quarter of 2024. Ben Kung, Spotify Vice President of Financial Planning and Analysis, who has been a leader on finance team for several years will serve as interim CFO.
お知らせ • Mar 27Spotify Technology S.A. to Report Q1, 2024 Results on Apr 23, 2024Spotify Technology S.A. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024
New Risk • Mar 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Mar 08Spotify Technology S.A., Annual General Meeting, Apr 17, 2024Spotify Technology S.A., Annual General Meeting, Apr 17, 2024, at 16:00 Central European Standard Time. Location: Arendt House, 41A, avenue J.F. Kennedy, L-2082Luxembourg, Grand Duchy of Luxembourg Luxembourg United States Agenda: To Approve the Company's annual accounts for the financial year ended December31, 2023 and the Company's consolidated financial statements for the financial year ended December31, 2023; to approve the allocation of the Company's annual results for the financial year ended December31, 2023; to grant discharge of the liability of the members of the Board of Directors of the Company for, and in connection with, the financial year ended December31, 2023;to appoint the members of the Board of Directors of the Company for the period ending at the general meeting approving the annual accounts for the financial year ending on December31, 2024; and to discuss other matters.
Breakeven Date Change • Feb 16Forecast to breakeven in 2024The 28 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €681.1m in 2024. Earnings growth of 46% is required to achieve expected profit on schedule.
Reported Earnings • Feb 07Full year 2023 earnings released: €2.73 loss per share (vs €2.23 loss in FY 2022)Full year 2023 results: €2.73 loss per share (further deteriorated from €2.23 loss in FY 2022). Revenue: €13.2b (up 13% from FY 2022). Net loss: €532.0m (loss widened 24% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe.
Breakeven Date Change • Jan 02Forecast to breakeven in 2024The 29 analysts covering Spotify Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €363.9m in 2024. Average annual earnings growth of 58% is required to achieve expected profit on schedule.
お知らせ • Dec 23Spotify Technology S.A. to Report Q4, 2023 Results on Feb 06, 2024Spotify Technology S.A. announced that they will report Q4, 2023 results Pre-Market on Feb 06, 2024
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: €0.33 (vs €0.86 loss in 3Q 2022)Third quarter 2023 results: EPS: €0.33 (up from €0.86 loss in 3Q 2022). Revenue: €3.36b (up 11% from 3Q 2022). Net income: €65.0m (up €231.0m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe.
お知らせ • Sep 26Spotify Technology S.A. to Report Q3, 2023 Results on Oct 24, 2023Spotify Technology S.A. announced that they will report Q3, 2023 results Pre-Market on Oct 24, 2023
Breakeven Date Change • Sep 19No longer forecast to breakevenThe 14 analysts covering Spotify Technology no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €46.2m in 2024. New consensus forecast suggests the company will make a loss of €378.0m in 2025.
Reported Earnings • Jul 26Second quarter 2023 earnings released: €1.55 loss per share (vs €0.65 loss in 2Q 2022)Second quarter 2023 results: €1.55 loss per share (further deteriorated from €0.65 loss in 2Q 2022). Revenue: €3.18b (up 11% from 2Q 2022). Net loss: €302.0m (loss widened 142% from 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Entertainment industry in Europe.
Board Change • Jul 26Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Mona Sutphen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.