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Communication Services - Internet Content & Information - NYSE - LU
$ 725.05
2.19 %
$ 146 B
Market Cap
112.59
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one SPOT stock under the worst case scenario is HIDDEN Compared to the current market price of 725 USD, Spotify Technology S.A. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one SPOT stock under the base case scenario is HIDDEN Compared to the current market price of 725 USD, Spotify Technology S.A. is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one SPOT stock under the best case scenario is HIDDEN Compared to the current market price of 725 USD, Spotify Technology S.A. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SPOT

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$800.0$800.0$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$450.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '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%
4.19 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 $501 , with forecasts ranging from a low of $340 to a high of $840 .
SPOT Lowest Price Target Wall Street Target
340 USD -53.11%
SPOT Average Price Target Wall Street Target
501 USD -30.96%
SPOT Highest Price Target Wall Street Target
840 USD 15.85%
Price
Max Price Target
Min Price Target
Average Price Target
900900800800700700600600500500400400300300200200Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '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
Can Spotify's Reliance on AI-Powered Offerings Drive Growth? SPOT's AI-powered features, from DJ to dynamic playlists, are fueling user growth, ad gains and global audiobook reach. zacks.com - 1 week ago
Spotify (SPOT) Beats Stock Market Upswing: What Investors Need to Know In the most recent trading session, Spotify (SPOT) closed at $725.05, indicating a +2.19% shift from the previous trading day. zacks.com - 1 week ago
Trade Tracker: Kevin Simpson sells Howmet and Spotify covered calls Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest trades. youtube.com - 1 week ago
Netflix in talks with Spotify to expand life TV offering: report Netflix Inc (NASDAQ:NFLX, ETR:NFC) is in discussions with Spotify Technology SA (NYSE:SPOT) to potentially collaborate on expanding its live TV content to include music award shows or live concert series, according to a Wall Street Journal report. The company has also discussed high-profile celebrity interviews and quick-turnaround documentaries, per the report, which cited people with knowledge of the matter. proactiveinvestors.com - 1 week ago
Netflix holds talks with Spotify to expand live TV content, WSJ reports Netflix has held talks with Spotify to partner on projects such as music award shows or live concert series as part of its live TV push, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. reuters.com - 1 week ago
Why Spotify (SPOT) Dipped More Than Broader Market Today In the most recent trading session, Spotify (SPOT) closed at $722.35, indicating a -5.86% shift from the previous trading day. zacks.com - 1 week ago
VNET or SPOT: Which Is the Better Value Stock Right Now? Investors interested in Internet - Software stocks are likely familiar with VNET Group (VNET) and Spotify (SPOT). But which of these two stocks is more attractive to value investors? zacks.com - 1 week ago
7 Killer European Stocks To Buy In July As you look at the stock markets around the world, it's always a balance of trying to decide when is the right time to buy. 247wallst.com - 1 week ago
Streaming Winners Netflix, Spotify Gets Price-Target Hikes Netflix and Spotify stock are in record-high territory and Wall Street analysts are raising their price targets to keep up. investors.com - 2 weeks ago
Spotify's Massive Rally: Can New Features Sustain the Momentum? Audio streaming giant Spotify Technology S.A. NYSE: SPOT is about to enter fourth month of massive rallies that have seen shares rise from around $500 in early April to nearly $750 in late June. marketbeat.com - 2 weeks ago
Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know 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 Technology S.A. to Announce Results for Second Quarter 2025 NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its second quarter 2025 results and deck to shareholders on Tuesday, July 29, 2025 before market open. The company will hold a question and answer session to discuss second quarter 2025 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 #SpotifyEarningsQ225. A live webcast of the earnings call will b. businesswire.com - 2 weeks ago
8. Profile Summary

Spotify Technology S.A. SPOT

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COUNTRY LU
INDUSTRY Internet Content & Information
MARKET CAP $ 146 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