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Communication Services - Internet Content & Information - NYSE - LU
$ 518.97
3.11 %
$ 104 B
Market Cap
86.64
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one SPOT stock under the worst case scenario is HIDDEN Compared to the current market price of 519 USD, Spotify Technology S.A. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one SPOT stock under the base case scenario is HIDDEN Compared to the current market price of 519 USD, Spotify Technology S.A. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one SPOT stock under the best case scenario is HIDDEN Compared to the current market price of 519 USD, Spotify Technology S.A. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SPOT

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$650.0$650.0$600.0$600.0$550.0$550.0$500.0$500.0$450.0$450.0$400.0$400.0$350.0$350.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
15.7 B REVENUE
18.31%
1.36 B OPERATING INCOME
406.05%
1.14 B NET INCOME
313.91%
2.3 B OPERATING CASH FLOW
238.38%
-1.49 B INVESTING CASH FLOW
-584.79%
729 M FINANCING CASH FLOW
211.54%
4.24 B REVENUE
6.37%
477 M OPERATING INCOME
5.07%
367 M NET INCOME
22.33%
883 M OPERATING CASH FLOW
23.50%
-1.2 B INVESTING CASH FLOW
-1360.98%
244 M FINANCING CASH FLOW
146.46%
Balance Sheet Spotify Technology S.A.
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Current Assets 8.38 B
Cash & Short-Term Investments 7.45 B
Receivables 799 M
Other Current Assets 132 M
Non-Current Assets 3.63 B
Long-Term Investments 1.64 B
PP&E 414 M
Other Non-Current Assets 1.58 B
62.04 %6.66 %13.62 %3.45 %13.14 %Total Assets$12.0b
Current Liabilities 4.45 B
Accounts Payable 933 M
Short-Term Debt 0
Other Current Liabilities 3.52 B
Non-Current Liabilities 2.03 B
Long-Term Debt 2 B
Other Non-Current Liabilities 29 M
14.40 %54.27 %30.88 %Total Liabilities$6.5b
EFFICIENCY
Earnings Waterfall Spotify Technology S.A.
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Revenue 15.7 B
Cost Of Revenue 10.9 B
Gross Profit 4.72 B
Operating Expenses 3.36 B
Operating Income 1.36 B
Other Expenses 227 M
Net Income 1.14 B
16b16b14b14b12b12b10b10b8b8b6b6b4b4b2b2b0016b(11b)5b(3b)1b(227m)1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
30.14% GROSS MARGIN
30.14%
8.71% OPERATING MARGIN
8.71%
7.26% NET MARGIN
7.26%
20.60% ROE
20.60%
9.48% ROA
9.48%
15.33% ROIC
15.33%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Spotify Technology S.A.
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3b3b2b2b2b2b1b1b500m500m00(500m)(500m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.14 B
Depreciation & Amortization 121 M
Capital Expenditures -17 M
Stock-Based Compensation 267 M
Change in Working Capital 376 M
Others 244 M
Free Cash Flow 2.28 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Spotify Technology S.A.
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Wall Street analysts predict an average 1-year price target for SPOT of $433 , with forecasts ranging from a low of $230 to a high of $700 .
SPOT Lowest Price Target Wall Street Target
230 USD -55.68%
SPOT Average Price Target Wall Street Target
433 USD -16.50%
SPOT Highest Price Target Wall Street Target
700 USD 34.88%
Price
Max Price Target
Min Price Target
Average Price Target
700700650650600600550550500500450450400400350350300300250250200200May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership Spotify Technology S.A.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Spotify Stock Has One Knock Against It, Analyst Says Investors are looking for growth stocks that aren't exposed to the U.S. tariff war and possible recession. For many, Spotify stock fits the bill. investors.com - 1 week ago
Tariff Turmoil: 2 Spectacular Stocks to Confidently Buy With $1,500 During the Nasdaq Correction On April 2, President Trump announced sweeping tariffs on America's trading partners, which will increase the cost of physical goods coming into the country. The president's goal is to encourage more companies to manufacture products domestically to drive job creation, but there is likely to be significant economic pain in the short term, especially as other countries are expected to respond with tariffs of their own. fool.com - 1 week ago
Market Turmoil: 3 Stocks to Steady Any Portfolio The recent correction in the stock market is making many investors uneasy. Amid several days of considerable sell-offs, shareholders are likely questioning past investments, and others may ask themselves whether they want to stay in the stock market at all. fool.com - 2 weeks ago
Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? Even though the so-called magnificent seven stocks in the technology sector have been the subject of the front-running in participant selling within the stock market, investors need to pay attention to the narratives—or preferences—that the market might start looking for in recently volatile times for the United States economy. What this means is that as new trade tariffs come online, safety and stability within business models might become top of mind for capital moving forward. marketbeat.com - 2 weeks ago
Spotify royalty payouts to Nigerian, South African artists boom in 2024 Audio streaming giant Spotify's royalty payments to artists from Nigeria and South Africa - its two biggest African markets - spiked to around $59 million last year as performers rode a wave of growing interest in music from the continent. reuters.com - 2 weeks ago
Spotify Steps Up Advertising Push With New Tools, Partnerships Music and podcast streamer Spotify Technology has announced new initiatives to boost its advertising revenue. Spotify stock analysts were positive on the news. investors.com - 2 weeks ago
Spotify Technology (SPOT) Is a Trending Stock: Facts to Know Before Betting on It Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock. zacks.com - 2 weeks ago
Spotify debuts Gen AI ads, programmatic ad buying Spotify announced Gen AI ads, among other changes to its advertising business, at an event in New York City on Thursday. Notably, the company introduced a new programmatic offering, the Spotify Ad Exchange (SAX), which allows advertisers to reach Spotify's logged-in users via real-time auctions. techcrunch.com - 2 weeks ago
Billionaire Investors Are Dumping Apple to Buy This Stock Instead Where last year was another remarkable performance for the stock market with all the major indices posting double-digit gains, 2025 is shaping up differently. 247wallst.com - 2 weeks ago
1 Stock to Buy and Hold Forever Spotify (SPOT 0.32%) has fought off formidable competitors to build a dominant position in streaming music and that moat will grow over time. Add in the expansion into podcasts, audiobooks, and now video and this is a great stock to buy and hold forever. fool.com - 2 weeks ago
Spotify (SPOT) Rises Yet Lags Behind Market: Some Facts Worth Knowing In the closing of the recent trading day, Spotify (SPOT) stood at $551.73, denoting a +0.31% change from the preceding trading day. zacks.com - 2 weeks ago
Spotify Audiobooks, Ad Growth Drive Analyst Confidence On Tuesday, Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Spotify Technology SPOT with a price target of $700. benzinga.com - 2 weeks ago
8. Profile Summary

Spotify Technology S.A. SPOT

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COUNTRY LU
INDUSTRY Internet Content & Information
MARKET CAP $ 104 B
Dividend Yield 0.00%
Description Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. 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 offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.
Contact 42-44, avenue de la Gare, Luxembourg City, 1610 https://www.spotify.com
IPO Date April 3, 2018
Employees 7691
Officers Mr. Daniel G. Ek Founder, Chief Executive Officer & Chairman Mr. Christian Luiga Chief Financial Officer Ms. Katarina Berg Chief Human Resources Officer Mr. Bryan Daniel Goldberg Head of Investor Relations Mr. Alex Norström Chief Business Officer & Co-President Ms. Eve Konstan J.D. General Counsel Mr. Sven Martin Lorentzon Co-Founder & Director Ms. Dustee Tucker Jenkins Chief Public Affairs Officer Mr. Gustav Söderström Co-President, Chief Product & Technology Officer