Spotify Technology S.A. (SPOT)
| Market Cap | 35.69B |
| Revenue (ttm) | 13.56B |
| Net Income (ttm) | -778.72M |
| Shares Out | 189.94M |
| EPS (ttm) | -4.06 |
| PE Ratio | n/a |
| Forward PE | 158.73 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,250,383 |
| Open | 189.31 |
| Previous Close | 188.75 |
| Day's Range | 187.89 - 189.97 |
| 52-Week Range | 76.53 - 202.88 |
| Beta | 1.65 |
| Analysts | Buy |
| Price Target | 190.80 (+1.54%) |
| Earnings Date | Feb 6, 2024 |
About SPOT
Spotify Technology S.A., together with its subsidiaries, provides audio streaming 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. 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 on their computers, tablets, and compatible mobile devices. The company also... [Read more]
Financial Performance
In 2022, SPOT's revenue was 11.73 billion, an increase of 21.30% compared to the previous year's 9.67 billion. Losses were -430.00 million, 1164.7% more than in 2021.
Financial numbers in EUR Financial StatementsAnalyst Forecast
According to 26 analysts, the average rating for SPOT stock is "Buy." The 12-month stock price forecast is $190.8, which is an increase of 1.54% from the latest price.
News
Netflix Has a Great Pricing Model That Spotify Is Following, Says Bull
KeyBanc analysts bullish on Netflix like that the streaming firm raised prices when engagement rose. They applaud Spotify for similar steps, but see challenges for Match Group.
Spotify Withdraws Support From Music Festivals to Protest French Tax
Spotify has withdrawn its support from two music festivals in France in response to the country's introduction of a new tax that is opposed by music-streaming platforms.
Spotify starts divesting from France in response to new music-streaming tax
Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating in France, and threatened more action will follow in the c...
3 Charts For Investors to Watch Friday: Nike, Spotify, Marathon Digital
Here's our daily look at three charts tied to recent news-driven price moves, with key technical levels to eye.
Spotify Technology S.A. to Announce Financial Results for Fourth Quarter 2023
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its fourth quarter 2023 financial results and deck to shareholders on Tuesday, February 6, 2024 before market open. The compan...
Spotify Has ‘Won' the Music Streaming War. The Stock Gets an Upgrade.
Pivotal Research analyst Jeffrey Wlodarczak upgraded shares of audio-streaming firm Spotify to Buy from Hold.
Super investors suddenly buying these stocks
Every time an investing legend invests, you can count on their expertise, experience, and undeniable track record to assume that there is some gold in the name they selected to allocate some of their ...
Spotify confirms test of prompt-based AI playlists feature
Earlier this fall, Spotify was found to be developing a new feature that would allow its streaming app users to create playlists using AI technology and prompts. Now, that “AI playlists” feature has b...
Apple to Be Hit by EU Antitrust Order in Fight With Spotify
Apple is set to be hit by a ban on its App Store rules that govern music-streaming rivals and a potential hefty fine in the European Union's latest attempt to limit the power of Big Tech. Bloomberg's ...
Spotify u-turns on Uruguay exit after government gives assurances on artist payments
Spotify has reversed course on a decision to exit the Uruguayan market, after gaining assurances from the government that copyright law changes it's introducing won't result in Spotify incurring extra...
IKEA, Absolut, and Spotify are Among the Winners of the 2023 - 2024 World Branding Awards
LONDON--(BUSINESS WIRE)-- #worldbranding--The 17th edition of the World Branding Awards honoured the success and achievements of some of the World's Best Brands as National, Regional, and Global Winne...
The Score: Spotify Technology, CVS Health, Alphabet and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
Spotify CFO becomes one of thousands departing the streaming service, after selling $9M in shares
Spotify's chief financial officer will step down next year, according to the music streaming service, just days after it announced its third round of layoffs for 2023.
Spotify's CFO Paul Vogel announces exit days after company lays off 17% of workforce
Spotify's chief financial officer will leave the music-streaming giant in the coming months, the company said — just three days after it revealed plans to lay off 17% of its workforce in the third rou...
Spotify announces CFO to leave, days after he cashed in $9.3m in shares
Paul Vogel moved to sell stock as shares soared after it was revealed 1,500 jobs would be cut
Spotify, Broadcom, Lululemon, Docusign, and More Market Movers
These are the stocks making moves on Friday.
It's not just layoffs, Spotify's CFO is on his way out too
It's been a tumultuous week for music-streaming giant Spotify. The company said on Thursday that its CFO Paul Vogel will leave the company in March 2024.
Spotify Seeks New CFO as Company ‘Enters a New Phase'
Spotify has announced that it is seeking a new chief financial officer as the company “enters a new phase.” CFO Paul Vogel will leave Spotify on March 31, and the company is now conducting an external...
Spotify's Chief Financial Officer Paul Vogel To Step Down In March
Spotify said chief financial officer Paul Vogel will be leaving at the end of March. The news comes several days after the music streamer announced about 1,500 layoffs, some 17% of its workforce.
Spotify CFO Paul Vogel is departing
Spotify Technology S.A. SPOT, +1.05% said Thursday its chief financial officer, Paul Vogel, is leaving March 31, 2024, and the company has launched an external search for his successor.
Spotify Announces CFO Transition March 31, 2024
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) today announced its Chief Financial Officer, Paul Vogel will be leaving the company on March 31, 2024. The company has launched an exter...
Spotify CFO cashes in £7.2m in shares after value surges on news of job cuts
Price of shares in music streaming service leapt after announcement it was laying off almost a fifth of its workforce
Spotify Cancels Two Acclaimed Podcasts: ‘Heavyweight' and ‘Stolen'
The shows will finish out their seasons on Spotify and then have the option to shop their shows somewhere else.
Spotify is being hammered for wrapping 2023 with big layoffs just before Christmas
Spotify is laying off close to a fifth of its workforce just ahead of the holiday season. Users on X are mocking the company's timing with its signature Spotify Wrapped style.
Bitcoin Rally, Spotify Layoffs | Bloomberg Technology
Bloomberg's Caroline Hyde and Ed Ludlow break down Spotify's steepest job cuts this year. Plus, Bitcoin tops $42,000 for the first time since April of 2022, and Anduril unveils a tiny, reusable fighte...