View ValuationSpotify Technology 향후 성장Future 기준 점검 4/6Spotify Technology (는) 각각 연간 13.2% 및 11.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 24.6% 로 예상됩니다.핵심 정보13.2%이익 성장률13.28%EPS 성장률Entertainment 이익 성장59.8%매출 성장률11.6%향후 자기자본이익률24.55%애널리스트 커버리지Good마지막 업데이트22 May 2026최근 향후 성장 업데이트공시 • 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.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • 7hInvestor sentiment improves as stock rises 21%After last week's 21% share price gain to €455, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 9x in the Entertainment industry in Italy. Total returns to shareholders of 227% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €679 per share.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 2.7% growth forecast for the Entertainment industry in Italy. 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.Buy Or Sell Opportunity • Apr 28Now 30% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €372. The fair value is estimated to be €527, 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 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.공시 • 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, 2026공시 • 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 €462, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 10x in the Entertainment industry in Italy. Total returns to shareholders of 286% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €627 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 7.1% growth forecast for the Entertainment industry in Italy. 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.공시 • 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 €355, 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 201% over the past three years.New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% 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. This is currently the only risk that has been identified for the company.공시 • 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, 2026공시 • 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.공시 • 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 12% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has increased by 102% per year whereas the company’s share price has increased by 100% per year.공시 • 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.공시 • 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.공시 • 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 4.3% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth.New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.6% 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. This is currently the only risk that has been identified for the company.공시 • 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 2.6% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 74% per year.Buy Or Sell Opportunity • Apr 11Now 21% undervaluedOver the last 90 days, the stock has risen 7.2% to €485. The fair value is estimated to be €614, 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 24% per annum over the same time period.Board Change • Apr 10Insufficient 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.이익 및 매출 성장 예측BIT:1SPOT - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202825,0774,0234,8634,8232312/31/202722,2033,3394,1444,1973612/31/202619,4762,6723,4433,423333/31/202617,5292,7083,1703,230N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1SPOT 의 연간 예상 수익 증가율(13.2%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: 1SPOT 의 연간 수익(13.2%)이 Italian 시장(10.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 1SPOT 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1SPOT 의 수익(연간 11.6%)이 Italian 시장(연간 5.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 1SPOT 의 수익(연간 11.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1SPOT의 자본 수익률은 3년 후 24.6%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 00:51종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Spotify Technology S.A.는 71명의 분석가가 다루고 있습니다. 이 중 36명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Samuel LourenszArete Research Services LLPRichard KramerArete Research Services LLPWilliam Noel MilnerArete Research Services LLP68명의 분석가 더 보기
공시 • 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 • 7hInvestor sentiment improves as stock rises 21%After last week's 21% share price gain to €455, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 9x in the Entertainment industry in Italy. Total returns to shareholders of 227% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €679 per share.
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 2.7% growth forecast for the Entertainment industry in Italy. 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.
Buy Or Sell Opportunity • Apr 28Now 30% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €372. The fair value is estimated to be €527, 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 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
공시 • 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
공시 • 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 €462, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 10x in the Entertainment industry in Italy. Total returns to shareholders of 286% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €627 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 7.1% growth forecast for the Entertainment industry in Italy. 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.
공시 • 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 €355, 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 201% over the past three years.
New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% 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. This is currently the only risk that has been identified for the company.
공시 • 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
공시 • 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.
공시 • 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 12% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has increased by 102% per year whereas the company’s share price has increased by 100% per year.
공시 • 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.
공시 • 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.
공시 • 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 4.3% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.6% 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. This is currently the only risk that has been identified for the company.
공시 • 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 2.6% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 74% per year.
Buy Or Sell Opportunity • Apr 11Now 21% undervaluedOver the last 90 days, the stock has risen 7.2% to €485. The fair value is estimated to be €614, 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 24% per annum over the same time period.
Board Change • Apr 10Insufficient 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.