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Communication Services - Internet Content & Information - NYSE - LU
$ 707.42
-0.39 %
$ 142 B
Market Cap
109.34
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SPOT stock under the worst case scenario is HIDDEN Compared to the current market price of 707 USD, Spotify Technology S.A. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SPOT stock under the base case scenario is HIDDEN Compared to the current market price of 707 USD, Spotify Technology S.A. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one SPOT stock under the best case scenario is HIDDEN Compared to the current market price of 707 USD, Spotify Technology S.A. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SPOT

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$750.0$750.0$700.0$700.0$650.0$650.0$600.0$600.0$550.0$550.0$500.0$500.0$450.0$450.0$400.0$400.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
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%
4.19 B REVENUE
-1.23%
509 M OPERATING INCOME
6.71%
225 M NET INCOME
-38.69%
539 M OPERATING CASH FLOW
-38.96%
-314 M INVESTING CASH FLOW
73.79%
126 M FINANCING CASH FLOW
-48.36%
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 4.74 B
Operating Expenses 3.38 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
30.25% GROSS MARGIN
30.25%
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 $474 , with forecasts ranging from a low of $230 to a high of $775 .
SPOT Lowest Price Target Wall Street Target
230 USD -67.49%
SPOT Average Price Target Wall Street Target
474 USD -33.01%
SPOT Highest Price Target Wall Street Target
775 USD 9.55%
Price
Max Price Target
Min Price Target
Average Price Target
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4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership Spotify Technology S.A.
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Sold
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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 Soared 57% in 2025, but Here's 1 Big Reason Investors Should Be Cautious The S&P 500 (^GSPC -0.03%) was down by as much as 15% earlier this year on the back of simmering global trade tensions, which were ignited by President Trump's "Liberation Day" tariffs in April. The index has since recovered its losses, and it's now sitting on a modest year-to-date gain of 2%. fool.com - 2 days ago
Spotify's Q1 Profitability Takes Off: What's the Secret Sauce? SPOT's Q1 profit surges y/y on strong revenues, margin gains and cost cuts. It still trails AAPL and AMZN in key returns. zacks.com - 3 days ago
Here's Why Spotify (SPOT) Fell More Than Broader Market Spotify (SPOT) closed the most recent trading day at $710.19, moving 1.54% from the previous trading session. zacks.com - 4 days ago
2 Breakout Growth Stocks You Can Buy and Hold for the Next Decade After dipping by more than 10% each earlier this year, the major stock market indexes are once again on the upswing. As of this writing, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average are between 2% and 6% below their all-time highs. fool.com - 4 days ago
Committee stocks on the move: Live Nation, Nike, UnitedHealth and Spotify The Investment Committee discuss how to trade some of their stocks on the move today. youtube.com - 5 days ago
3 Tech Stocks You Can't Miss in This Market Cycle There comes a point in each stock market cycle when most investors begin to focus on a specific type of company to target. In the past, these companies might have been the tried-and-tested commodities of everyday life, but today's market is much more focused on names that offer some of this stability with an additional growth factor, which is where the technology sector comes into play. marketbeat.com - 5 days ago
Prediction: These 2 Stocks Will Split This Year Two global streaming giants are on a rally this year and both are ready for a stock split. 247wallst.com - 5 days ago
Spotify's Daniel Ek leads $694 million investment in defense startup Helsing European defense tech firm Helsing's 600-million-euro funding round was led by Prima Materia, Spotify founder Daniel Ek's venture capital firm. Defense tech has become a hot area for investors lately amid major global conflicts. cnbc.com - 5 days ago
Spotify: What's Driving the Rally, Key Dates To Watch Spotify (SPOT) is currently in its 10th Phase out of the 18-phase Adhishthana Cycle. While the stock has been extremely bullish lately, some key dates ahead could mark a potential peak. benzinga.com - 6 days ago
Spotify Widens Lead As Go-To Music App A new survey shows that Spotify is widening its lead as the preferred music streaming app among consumers in the U.S. and U.K. investors.com - 1 week ago
Spotify price target raised to $750 from $650 at Evercore ISI Evercore ISI raised the firm's price target on Spotify to $750 from $650 and keeps an Outperform rating on the shares in the wake of "positive" results from its 13th annual U.S. and 8th annual U.K. Online Music Surveys. The firm said the trend results are "clear," namely that Spotify is the U.S. and U.K. streaming leader in terms of users, and its leadership position is widening. The service enjoys intrinsically very high user satisfaction, less price sensitivity than any competitor despite its recent price hike, and an increasingly strong attach rate with Podcasts and now Audiobooks, the analyst tells investors in a research note. https://thefly.com - 1 week ago
Spotify Stock Soars 124% in a Year: Time to Buy, Hold or Fold? SPOT's premium subscribers and MAUs rise, but lagging liquidity and lofty valuation raise red flags. zacks.com - 1 week ago
8. Profile Summary

Spotify Technology S.A. SPOT

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COUNTRY LU
INDUSTRY Internet Content & Information
MARKET CAP $ 142 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 7258
Officers Mr. Alex Norström Chief Business Officer & Co-President Mr. Daniel G. Ek Founder, Chief Executive Officer & Chairman Mr. Sven Martin Lorentzon Co-Founder & Director Mr. Christian Luiga Chief Financial Officer Ms. Anna Lundström Chief Human Resources Officer Mr. Gustav Söderström Co-President, Chief Product & Technology Officer Mr. Bryan Daniel Goldberg Head of Investor Relations Ms. Dustee Tucker Jenkins Chief Public Affairs Officer Ms. Eve Konstan J.D. General Counsel