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Spotify Technology S.A.NYSE:SPOT Stok Raporu

Piyasa Değeri US$99.8b
Hisse Fiyatı
US$473.21
Kullanılamıyor
1Y-17.9%
7D-8.4%
Portföy Değeri
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Görünüm

Spotify Technology S.A.

NYSE:SPOT Stok Raporu

Piyasa değeri: US$99.8b

Spotify Technology (SPOT) Hisse Özeti

Spotify Technology S.A., iştirakleri ile birlikte dünya çapında ses akışı abonelik hizmetleri sunmaktadır. Daha fazla detay

Ödüller

Adil değer tahminimizden 31.9% daha düşük bir oranda işlem görüyor

Kazançların yılda 16.28% oranında artması öngörülüyor

Kazançlar geçen yıl 94.4% oranında arttı

Analistler hisse senedi fiyatının 35% oranında artacağı konusunda hemfikir

Risk Analizi

Risk kontrollerimizden SPOT için herhangi bir risk tespit edilmedi.

SPOT Community Fair Values

Create Narrative

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

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Spotify Technology

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

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

Spotify - A Fundamental and Historical Valuation

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

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

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

Expanding Smartphone Penetration And AI Will Redefine Digital Streaming

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

GDPR And AI Commoditization Will Erode Fundamentals

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

Ad Revenue and Margin Improvement Will Lead to Stronger Cash Flows

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

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

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

Is this the AI replacing marketing professionals?

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

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1.5k
users have viewed this narrative
8users have liked this narrative
0users have commented on this narrative
39users have followed this narrative
US$7.43
50.2% değerinin altında içsel indirim
Fair Value
Revenue
36.8% p.a.
Profit Margin
25%
Future PE
20x
Price in 2031
US$11.97

Spotify Technology S.A. Rakipler

Fiyat Geçmişi ve Performans

Hisse fiyatlarındaki yükseliş, düşüş ve değişimlerin özeti Spotify Technology
Tarihsel hisse senedi fiyatları
Güncel Hisse FiyatıUS$473.21
52 Haftanın En Yüksek SeviyesiUS$785.00
52 Haftanın En Düşük SeviyesiUS$405.00
Beta1.72
1 Aylık Değişim1.15%
3 Aylık Değişim-19.33%
1 Yıllık Değişim-17.90%
3 Yıllık Değişim264.37%
5 Yıllık Değişim76.60%
Halka arzdan bu yana değişim217.57%

Son Haberler & Güncellemeler

Spotify Is A Buy Despite Stiff Competition

Mar 15

Recent updates

Spotify Is A Buy Despite Stiff Competition

Mar 15

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

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

Spotify - A Fundamental and Historical Valuation

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Apr 16

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

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

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

Mar 14

Spotify: Just Getting Started

Feb 14

Spotify Q4: Profitability Is Only Getting Better

Feb 05
User avatar

Narrative update from Michael Paige

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

Spotify Q4 Preview: Changing Creator Incentives

Jan 22

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

Jan 15

Spotify: My Top Investment Pick For 2025

Dec 15

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

Dec 08
User avatar

Expanding Audiobook Offerings And AI Innovation Propel Dynamic Growth Trajectory

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

Spotify Q3: Strong Subscriber Growth And Margin Improvement

Nov 12

Spotify: Who's There? TikTok - Buy

Oct 03
User avatar

Narrative update from Richard Bowman

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

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

Sep 13

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

Aug 24
User avatar

Narrative update from Michael Paige

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

Spotify Q2: Subscriber Gains With Improved Monetization

Jul 23

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

Jul 16

Spotify's Price Hikes Make It Expensive For Everyone

Jul 08

Spotify: Price Increases Are Helping To Mask Weaker User Growth

Jun 07

Hissedar Getirileri

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

Getiri vs. Endüstri: SPOT geçen yıl % -0.1 oranında getiri sağlayan US Entertainment sektörünün gerisinde kaldı.

Getiri vs Piyasa: SPOT geçen yıl % 15.9 oranında getiri sağlayan US Piyasasının altında performans gösterdi.

Fiyat Oynaklığı

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

İstikrarlı Hisse Senedi Fiyatı: SPOT son 3 ayda US piyasasına kıyasla önemli bir fiyat oynaklığı yaşamadı.

Zaman İçindeki Volatilite: SPOT 'nin haftalık oynaklığı ( 8% ) son bir yıldır istikrarlı seyretti.

Şirket Hakkında

KurulduÇalışanlarCEOWeb sitesi
20067,000Alex Norströmwww.spotify.com

Spotify Technology S.A., bağlı ortaklıklarıyla birlikte dünya çapında ses akışı abonelik hizmetleri sunmaktadır. Premium ve Reklam Destekli olmak üzere iki segmentte faaliyet göstermektedir. Premium segment, öncelikle doğrudan son kullanıcılara ve iş ortaklarına satılan abonelik teklifleri aracılığıyla belirli pazarlarda video, kayıpsız müzik ve sesli kitaplar dahil olmak üzere müzik ve podcast kataloğuna çevrimiçi ve çevrimdışı akış erişimi sunar.

Spotify Technology S.A. Temel Bilgiler Özeti

Spotify Technology'un kazançları ve gelirleri piyasa değeriyle nasıl karşılaştırılır?
SPOT temel i̇stati̇sti̇kler
Piyasa değeriUS$99.80b
Kazançlar(TTM)US$2.56b
Gelir(TTM)US$19.88b
38.1x
F/K Oranı
4.9x
P/S Oranı

SPOT aşırı değerli mi?

Gerçeğe Uygun Değer ve değerleme analizine bakınız

Kazanç ve Gelir

En son kazanç raporundan temel karlılık istatistikleri (TTM)
SPOT gelir tablosu (TTM)
Gelir€17.19b
Gelir Maliyeti€11.69b
Brüt Kâr€5.50b
Diğer Giderler€3.28b
Kazançlar€2.21b

Son Raporlanan Kazançlar

Dec 31, 2025

Sonraki Kazanç Tarihi

n/a

Hisse başına kazanç (EPS)10.75
Brüt Marj31.98%
Net Kâr Marjı12.87%
Borç/Özkaynak Oranı17.5%

SPOT uzun vadede nasıl bir performans gösterdi?

Geçmiş performansı ve karşılaştırmayı görün

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2026/03/25 14:03
Gün Sonu Hisse Fiyatı2026/03/25 00:00
Kazançlar2025/12/31
Yıllık Kazançlar2025/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına Github sayfamızdan ulaşabilirsiniz; ayrıca raporlarımızı nasıl kullanacağınıza ilişkin kılavuzlarımız ve YouTube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Spotify Technology S.A. 68 Bu analistlerden 35, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

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