Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in 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. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
IPO Year: 2018
Exchange: NYSE
Website: spotify.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/13/2024 | $510.00 → $565.00 | Buy | Pivotal Research Group |
9/19/2024 | $460.00 → $510.00 | Buy | Pivotal Research Group |
9/5/2024 | $340.00 | Neutral | Cantor Fitzgerald |
7/24/2024 | $400.00 → $460.00 | Buy | Pivotal Research Group |
7/24/2024 | $320.00 → $425.00 | Neutral → Buy | Goldman |
7/24/2024 | $375.00 | Hold → Buy | DZ Bank |
7/12/2024 | $390.00 | Outperform | Wolfe Research |
7/11/2024 | $242.00 → $385.00 | Buy | Jefferies |
7/10/2024 | $230.00 | Neutral → Sell | Redburn Atlantic |
7/2/2024 | $370.00 → $380.00 | Buy | BofA Securities |
Pivotal Research Group reiterated coverage of Spotify with a rating of Buy and set a new price target of $565.00 from $510.00 previously
Pivotal Research Group reiterated coverage of Spotify with a rating of Buy and set a new price target of $510.00 from $460.00 previously
Cantor Fitzgerald initiated coverage of Spotify with a rating of Neutral and set a new price target of $340.00
Pivotal Research Group reiterated coverage of Spotify with a rating of Buy and set a new price target of $460.00 from $400.00 previously
Goldman upgraded Spotify from Neutral to Buy and set a new price target of $425.00 from $320.00 previously
DZ Bank upgraded Spotify from Hold to Buy and set a new price target of $375.00
Wolfe Research initiated coverage of Spotify with a rating of Outperform and set a new price target of $390.00
Jefferies resumed coverage of Spotify with a rating of Buy and set a new price target of $385.00 from $242.00 previously
Redburn Atlantic downgraded Spotify from Neutral to Sell and set a new price target of $230.00
BofA Securities reiterated coverage of Spotify with a rating of Buy and set a new price target of $380.00 from $370.00 previously
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Spotify Technology S.A. (NYSE:SPOT) has released its financial results for the third quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials. As previously announced, the company will host a live question and answer session to discuss third quarter 2024 financial results at 5:00 p.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Christian Luiga our Chief Financial Officer, will be on hand to answer questions submitted through slido.com using the event code #SpotifyEarningsQ324. What: Spotify Third Quarter 2024 Financial Results Q&A Webcast When: Tuesday, November 12, 2024 Time: 5:00 p.m. Eastern Time
Spotify Technology S.A. (NYSE:SPOT) will post its third quarter 2024 financial results and deck to shareholders on Tuesday, November 12, 2024 after market close. The company will hold a question and answer session to discuss third quarter 2024 financial results at 5:00 pm Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ324. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify's platform revolutionized music listening forever when
Cybersecurity Leader Brings Office Space at 1st Phase of Reston Station Development to 100% Leased Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today the signing of a 7,700 square foot office lease with GuidePoint Security at 1900 Reston Metro Plaza at Reston Station. GuidePoint Security is a trusted provider of cybersecurity services and expertise, acting as an advisor and partner while offering a wide range of cybersecurity solutions and technologies that help organizations make better decisions and minimize risks. The organization has
Spotify Technology S.A. (NYSE:SPOT) has released its financial results for the second quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials. As previously announced, the company will host a live question and answer session to discuss second quarter 2024 financial results at 8:00 a.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Ben Kung, our Interim Chief Financial Officer, will be on hand to answer questions submitted through slido.com using the event code #SpotifyEarningsQ224. What: Spotify Second Quarter 2024 Financial Results Q&A Webcast When: Tuesday, July 23, 2024 Time: 8:00 a.m. Eastern Tim
Spotify Technology S.A. (NYSE:SPOT) will post its second quarter 2024 financial results and deck to shareholders on Tuesday, July 23, 2024 before market open. The company will hold a question and answer session to discuss second quarter 2024 financial results at 8:00 am Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ224. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify's platform revolutionized music listening forever wh
Celebrate Summer with Free Concerts, Movies, Fitness, and Family Fun Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced that the highly anticipated Summerbration concert and event series at Reston Station Metro Plaza will kick off on May 24th and run through September 13th. Summerbration is an annual celebration of everything summer hosted at Comstock's Reston Station that showcases an array of free concerts, movies, family-friendly activities, and wellness events. Reston Station will come alive every Friday evening with the Fab Fridays Live M
Distinguished Guests Gather at Reston Station to Celebrate Major Milestone Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region announced the celebration of the topping out of Virginia's first-ever JW Marriott Hotel and Residences on Wednesday, May 8th. The event, held on-site at 1800 Reston Row Plaza, commemorated the significant progress that has been made on the development of The Row at Reston Station. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240510722223/en/(From Left to Right) Jeff Mc
Spotify Technology S.A. (NYSE:SPOT) has released its financial results for the first quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials. As previously announced, the company will host a live question and answer session to discuss first quarter 2024 financial results at 8:00 a.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Ben Kung, our Interim Chief Financial Officer, will be on hand to answer questions submitted through slido.com using the event code #SpotifyEarningsQ124. What: Spotify First Quarter 2024 Financial Results Q&A Webcast When: Tuesday, April 23, 2024 Time: 8:00 a.m. Eastern Time
Spotify Technology S.A. (NYSE:SPOT) today 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 i
Spotify Technology S.A. (NYSE:SPOT) will post its first quarter 2024 financial results and deck to shareholders on Tuesday, April 23, 2024 before market open. The company will hold a question and answer session to discuss first quarter 2024 financial results at 8:00 am Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ124. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify's platform revolutionized music listening forever whe
Celebrate Summer with Free Concerts, Movies, Fitness, and Family Fun Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced that the highly anticipated Summerbration concert and event series at Reston Station Metro Plaza will kick off on May 24th and run through September 13th. Summerbration is an annual celebration of everything summer hosted at Comstock's Reston Station that showcases an array of free concerts, movies, family-friendly activities, and wellness events. Reston Station will come alive every Friday evening with the Fab Fridays Live M
Spotify Technology S.A. (NYSE:SPOT) today 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 i
Guggenheim analyst Michael Morris maintains Spotify Technology (NYSE:SPOT) with a Buy and raises the price target from $400 to $420.
Barclays analyst Kannan Venkateshwar maintains Spotify Technology (NYSE:SPOT) with a Overweight and raises the price target from $350 to $360.
Shares of Spotify Technology SA (NYSE:SPOT) climbed in early trading on Wednesday, after the company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating, while raising the price target from $380 to $430. Goldman Sachs analyst Eric Sheridan upgraded the rating from Neutral to Buy, while lifting the price target from $320 to $425. JPMorgan analyst Doug Anmuth reiterated an Overweight rating, while raising the price target from $375 to $425. Rosenblatt Securities analyst Barton Crockett maintained a Buy rating, while lifting the price targ
Morgan Stanley analyst Manan Gosalia maintains Spotify Technology (NYSE:SPOT) with a Overweight and raises the price target from $370 to $400.
JP Morgan analyst Doug Anmuth maintains Spotify Technology (NYSE:SPOT) with a Overweight and raises the price target from $375 to $425.
Spotify Technologies S.A. (NYSE:SPOT) reported its second quarter results that show its turnaround efforts, including cost savings, are already bearing fruit. But with a high-resolution audio tier still in the works, Spotify is still behind Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) who already have this feature. CEO Daniel Ek addressed this issue during the earnings call, stating that the plan is to offer a much better version of Spotify. Meanwhile, Spotify continued to improve its financials throughout the second quarter. The Year Of Monetization Is Going As Planned Second quarter results show that the audio giant is effectively executing its turnaround strategy, reducing i
TD Cowen analyst Doug Creutz maintains Spotify Technology (NYSE:SPOT) with a Hold and raises the price target from $273 to $356.
Benchmark analyst Matthew Harrigan maintains Spotify Technology (NYSE:SPOT) with a Buy and raises the price target from $405 to $430.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Tesla, Inc. (NASDAQ:TSLA) from $205 to $300. Piper Sandler analyst Alexander Potter maintained an Overweight rating. Tesla shares fell 2% to close at $246.38 on Tuesday. See how other analysts view this stock. Truist Securities increased the price target for Zions Bancorporation (NASDAQ:ZION) from $45 to $54. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares gained 6.2% to close at $52.53 on Tuesday. See how othe
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Spotify Technology S.A. (NYSE:SPOT) will post its third quarter 2024 financial results and deck to shareholders on Tuesday, November 12, 2024 after market close. The company will hold a question and answer session to discuss third quarter 2024 financial results at 5:00 pm Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ324. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify's platform revolutionized music listening forever when
Spotify Technology S.A. (NYSE:SPOT) will post its third quarter 2022 financial results and deck to shareholders on Tuesday, October 25, 2022 after market close. The company will hold a question and answer session to discuss third quarter 2022 financial results at 4:30 pm Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ322. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify is the world's most popular audio streaming subscriptio
Spotify Technology S.A. (NYSE:SPOT): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220427005371/en/(Graphic: Business Wire) Dear Shareholders, Our business exhibited strength and resiliency in Q1. Nearly all of our key metrics surpassed guidance, led by MAU outperformance, healthy revenue growth, and better Gross Margin. Excluding the impact of our exit from Russia, subscriber growth exceeded expectations as well. Overall, we are very pleased with the performance of the business and remain highly encouraged by the traction we are seeing. First Quarter 2022 Earnings Highlights MAUs grew 19% Y/Y to 422 million or 419 million e
Spotify Technology S.A. (NYSE:SPOT): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220202005417/en/(Graphic: Business Wire) Dear Shareholders, We ended 2021 with strong Q4 results, led by outperformance in MAUs, continued momentum in our subscription business, and meaningful advertising results. Looking back on not just this quarter, but the past few years, we are increasingly excited about the investments we have made and see meaningful progress within a number of our initiatives. As we move into 2022 and beyond, the opportunities in front of us are large and we see a tremendous amount of greenfield on the horizon. Fourth Qua
Spotify Technology S.A. (NYSE:SPOT) will post its fourth quarter 2021 financial results and letter to shareholders on Wednesday, February 2, 2022 after market close. The company will hold a question and answer session to discuss fourth quarter 2021 financial results at 4:30pm Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted the day of the call at www.slido.com using the event code #SpotifyEarningsQ421. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify is the world's most popular audio streaming subscript
Spotify Technology S.A. (NYSE:SPOT): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211027005313/en/(Graphic: Business Wire) Dear Shareholders, The business performed very well in the quarter. Nearly all of our major metrics finished better than expected, including MAUs, Revenue, Gross Margin, and Operating Income. Subscriber growth was inline and importantly, ARPU growth increased Y/Y. Additionally, we saw another quarter of significant advertising strength and user engagement metrics across many markets showed encouraging signs of growth. During the quarter, we generated positive Free Cash Flow of €99 million. MONTHLY ACTIVE
Spotify Becomes Exclusive Home for WWE Podcasts Partnership Kicks Off this Week at SummerSlam with Live Recordings from MGM Grand in Las Vegas The Ringer, a Spotify Studio (NYSE:SPOT), and WWE (NYSE:WWE) will launch an exclusive audio network as part of a multi-year audio content partnership, the companies announced today. As part of the deal, The Ringer and WWE will also collaborate to develop new, original audio content exclusively for the Spotify platform and Ringer website. In addition, existing WWE audio programming, which offers a unique look at the world of WWE both in the ring and beyond, will become available exclusively on Spotify. The Ringer will be expanding its existing wres
Spotify Technology S.A. (NYSE:SPOT): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210728005343/en/(Graphic: Business Wire) Dear Shareholders, Most of our major metrics -- Subscriber growth, Revenue, Gross Margin, and Operating Income -- performed better than expected this quarter. The exception was MAUs, where we fell short of our guidance range. The quarter was led by improving ARPU, decreased churn, a return to per user consumption growth, and significant advertising strength. We did see a second quarter of greater MAU variability mainly due to ongoing COVID-19 headwinds and a temporary issue related to user intake on a thir
Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2021 ending March 31, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210428005327/en/(Graphic: Business Wire) Dear Shareholders, We are pleased with our performance in Q1. The business delivered subscriber growth and Gross Margin at the top end of our guidance range, a continued improvement in ARPU, and operating income better than plan. We saw greater MAU variability this quarter, but results were within our range of expectations given the outperformance in Q4 and the continued impact from COVID-19. Revenue grew by 16% (22
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the fourth fiscal quarter of 2020 ending December 31, 2020. Dear Shareholders, We ended 2020 with strong Q4 performance as the business delivered substantial MAU growth, subscriber additions that exceeded our guidance, an improvement in ARPU trends, acceleration of users who engage with podcast content, better than expected Gross Margin, and Free Cash Flow of €74 million. Headwinds included the negative effects from FX movements, which were more severe than forecast and impacted revenue growth by 690 bps. Given the strong Q4 performance, we believe we are well positioned for continu