Spotify Technology (SPOT06) Stock Overview

Provides audio streaming subscription services worldwide. More details

SPOT06 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 17.8% below our estimate of its fair value

Earnings are forecast to grow 27.74% per year

Earnings grew by 100.4% over the past year

Risk Analysis

No risks detected for SPOT06 from our risk checks.

SPOT06 Community Fair Values

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Spotify Technology S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Spotify Technology
Historical stock prices
Current Share Price	US$2.40
52 Week High	US$2.98
52 Week Low	US$2.36
Beta	1.65
1 Month Change	-12.41%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-17.81%

Recent updates

Shareholder Returns

	SPOT06	TH Entertainment	TH Market
7D	-7.7%	-5.2%	-1.2%
1Y	n/a	-41.8%	-12.3%

Return vs Industry: Insufficient data to determine how SPOT06 performed against the TH Entertainment industry.

Return vs Market: Insufficient data to determine how SPOT06 performed against the TH Market.

Price Volatility

Is SPOT06's price volatile compared to industry and market?
SPOT06 volatility
SPOT06 Average Weekly Movement	4.2%
Entertainment Industry Average Movement	6.1%
Market Average Movement	4.1%
10% most volatile stocks in TH Market	8.8%
10% least volatile stocks in TH Market	2.0%

Stable Share Price: SPOT06 has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: Insufficient data to determine SPOT06's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2006	7,691	Daniel Ek	www.spotify.com

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.

Spotify Technology S.A. Fundamentals Summary

How do Spotify Technology's earnings and revenue compare to its market cap?
SPOT06 fundamental statistics
Market cap	฿3.91t
Earnings (TTM)	฿52.70b
Revenue (TTM)	฿633.82b

74.1x

P/E Ratio

6.2x

P/S Ratio

Is SPOT06 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPOT06 income statement (TTM)
Revenue	€16.90b
Cost of Revenue	€11.52b
Gross Profit	€5.38b
Other Expenses	€3.98b
Earnings	€1.41b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	6.82
Gross Margin	31.85%
Net Profit Margin	8.32%
Debt/Equity Ratio	22.4%

How did SPOT06 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/24 22:22
End of Day Share Price	2025/11/24 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spotify Technology S.A. is covered by 71 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Samuel Lourensz	Arete Research Services LLP
Richard Kramer	Arete Research Services LLP
William Noel Milner	Arete Research Services LLP

Spotify Technology S.A.SET:SPOT06 Stock Report