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SPOT logo

Spotify Technology S.A. Stock Price

NYSE:SPOT Community·US$108.7b Market Cap
  • 8 Narratives written by author
  • 2 Comments on narratives written by author
  • 554 Fair Values set on narratives written by author
Author Program NEWCreate Narrative

SPOT Share Price Performance

US$523.00
-181.09 (-25.72%)
​
US$606.38
Fair Value
US$523.00
-181.09 (-25.72%)
13.7% undervalued intrinsic discount
US$606.38
Fair Value
Price US$523.00
AnalystConsensusTarget US$606.38
MichaelP US$703.12
andre_santos US$357.76
Fri, 31 Jul 26
Fair ValueUS$606.38
Share Pricen/a

SPOT Community Narratives

AN
AnalystConsensusTarget
AnalystConsensusTarget's
Fair Value
·
Fair Value US$606.38 13.7% undervalued intrinsic discount

SPOT: Upcoming Price Increases And Product Changes Will Drive Future Upside

3users have liked this narrative
0users have commented on this narrative
143users have followed this narrative
MI
MichaelP
MichaelP's
Fair Value
·
Fair Value US$703.12 25.6% undervalued intrinsic discount

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

19users have liked this narrative
7users have commented on this narrative
46users have followed this narrative
AN
andre_santos
andre_santos's
Fair Value
·
Fair Value US$357.76 46.2% overvalued intrinsic discount

Spotify - A Fundamental and Historical Valuation

1users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
SPOT logo
Spotify Technology
46.2% overvalued intrinsic discount

Spotify - A Fundamental and Historical Valuation

View narrative
AN
andre_santos
andre_santos
Published 13 Feb
Read Narrative
SPOT logo
Spotify Technology
32.1% undervalued intrinsic discount

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

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FR
Fre
Published 14 Feb 2025
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SPOT logo
Spotify Technology
135.6% overvalued intrinsic discount

Ad Revenue and Margin Improvement Will Lead to Stronger Cash Flows

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RI
Richard_Bowman
Richard_Bowman
Published 19 Feb 2024
Read Narrative
SPOT logo
Spotify Technology
25.6% undervalued intrinsic discount

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

View narrative
MI
MichaelP
MichaelP
Updated 31 Jul 2025
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SPOT logo
Spotify Technology
52.4% overvalued intrinsic discount

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

View narrative
MI
Michael1234
Published 5 Aug 2024
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SPOT logo
Spotify Technology
13.7% undervalued intrinsic discount

SPOT: Upcoming Price Increases And Product Changes Will Drive Future Upside

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 31 Jul
Read Narrative
SPOT logo
Spotify Technology
7.7% overvalued intrinsic discount

GDPR And AI Commoditization Will Erode Fundamentals

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AN
AnalystLowTarget
AnalystLowTarget
Updated 14 Aug
Read Narrative
SPOT logo
Spotify Technology
26.8% undervalued intrinsic discount

Expanding Smartphone Penetration And AI Will Redefine Digital Streaming

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AN
AnalystHighTarget
AnalystHighTarget
Updated 30 Jun
Read Narrative

Trending Discussion

No trending discussion available.

Recently Updated Narratives

AN
andre_santos
SPOT logo

Spotify - A Fundamental and Historical Valuation

Fair Value: US$357.76 46.2% overvalued intrinsic discount
2 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
MI
MichaelP
SPOT logo

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

Fair Value: US$703.12 25.6% undervalued intrinsic discount
46 fair values setusers have set this as their fair value
7 commentsusers have commented on this narrative
3 likesusers have liked this narrative
FR
SPOT logo

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

Fair Value: US$769.91 32.1% undervalued intrinsic discount
9 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative

Snowflake Analysis

Outstanding track record with flawless balance sheet.

1 Risk
3 Rewards
View Full Analysis

Spotify Technology S.A. Key Details

€18.1b

Revenue

€12.2b

Cost of Revenue

€5.9b

Gross Profit

€2.6b

Other Expenses

€3.3b

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
16.24
32.77%
18.43%
0%
View Full Analysis

About SPOT

Founded
2006
Employees
7000
CEO
Alex Norström
WebsiteView website
www.spotify.com

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

Recent SPOT News & Updates

Seeking Alpha • 10h

Spotify Still Looks Like A Hold Despite Better Fundamentals

Summary Spotify has shifted focus from pure growth to disciplined profitability, with Q2 2026 gross margin at 33.4% and strong free cash flow. SPOT’s monetization is expanding via higher ARPU, Audiobooks+ add-ons, and a revamped, more automated ad business supporting double-digit ad growth targets. Management maintains mid-teen revenue growth and 35–40% gross margin targets, with operating margin aimed above 20% by 2030 and a robust €9.4B net cash position. Despite operational improvements, SPOT’s premium valuation and visible risks justify a Hold rating, as most upside appears priced in and cost risks remain material. Read the full article on Seeking Alpha

Recent updates

No updates

Spotify Technology S.A. Competitors

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