MAUs

Premium Subs

Ad-Supported MAUs

Monthly Active Users

% change MAUs

% change Premium Subs

% change Ad-Supported MAUs

Revenue segments as reported by the company.

Premium

Ad-Supported

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales & Marketing

General & Administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Spotify

Gimlet Media operates as a network of high-quality, narrative podcasts.

Gimlet Media

SoundBetter is a marketplace for music production for sound engineers, singers, studios, and session musicians.

SoundBetter

Parcast is the premier storytelling podcast network focused on creating scripted, story-driven programming.

Parcast

Soundtrap operates an online music recording studio that enables users to record, edit, collaborate, and share their recordings.

Soundtrap

The Echo Nest is a music intelligence company that offers music services to developers and media companies.

The Echo Nest

Anchor allows anyone to record or upload high-quality audio, host unlimited episodes, and distribute everywhere with just one click.

Anchor

Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with online and offline streaming access of music and podcasts on computers, tablets, and mobile devices. The Ad-Supported segment offers users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. The company was founded by Daniel Ek and Martin Lorentzon on December 27, 2006 and is headquartered in Luxembourg.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Spotify reports strong Q4 performance and eyes user growth

Spotify's Q4 2022 showcased robust performance with strong user and subscriber growth, exceeding revenue guidance.
Efficient cost management and strategic investments position Spotify for positive financial outlook in 2023.
Despite challenges like negative free cash flow and competition, Spotify's focus on user experience and ecosystem enablement presents growth opportunities.

Spotify surpasses user and revenue expectations, eyes AI innovation

Spotify's Q1 2023 earnings call highlighted robust user and subscriber growth, exceeding expectations. The company's focus on long-term investments and operational efficiency drove financial performance. Challenges include industry concerns like copyrights and managing operating expenses amidst growth, while opportunities lie in AI technology, new verticals, and advertising growth drivers.

Spotify reports record growth, eyes AI integration and revenue strategies

Spotify's Q2 performance showcased strong growth and revenue strategies. Challenges include forecasted operating loss and advertising revenue impact. Opportunities lie in AI integration, revenue growth, and podcast data analysis for user improvements.

Spotify excels in Q3, eyes 1 billion users by 2030

Spotify's Q3 2023 showcased strong financial performance, exceeding growth expectations and demonstrating operational efficiencies.
The company's focus on innovation, efficiency, and performance marketing mix positions it well for continued growth and progress towards profitability.
While challenges in managing expenses persist, opportunities in user growth, product innovation, and revenue enhancement are key focus areas.
Overall, Spotify's strategic initiatives and financial performance in Q3 indicate a positive trajectory for future growth and profitability.

Spotify reports robust Q4 earnings, eyes growth in podcasts

Spotify's Q4 2023 showcased strong financial performance, operational efficiency, and strategic foresight amidst growth in MAU and subscribers.
The company's focus on innovation, user engagement, and revenue diversification presents opportunities for sustained growth and market leadership.
Challenges in balancing profitability with growth initiatives, regulatory changes, and strategic realignment require agility and adaptability.
Overall, Spotify's performance highlights a resilient business model, commitment to long-term success, and potential for continued innovation and growth.

Spotify reports solid Q1 earnings, eyes pricing flexibility and innovation

Spotify's Q1 performance was strong, with a focus on revenue acceleration, profitability improvement, and innovation with label partners. While facing challenges in MAU growth and strategic adjustments, the company is eyeing opportunities in pricing flexibility, education expansion, and programmatic advertising. The new CFO is expected to enhance financial performance and resourcefulness.

Spotify excels in Q2 2024, eyes growth with premium tier

Spotify's Q2 2024 performance showcased strong subscriber trends, improved monetization, and record profitability, exceeding expectations.
The company's focus on enhancing MAU growth through marketing and product enhancements, along with the potential ultra-premium tier, positions it for continued success.
While facing challenges in a competitive market, Spotify's strategic initiatives and forecasted growth opportunities indicate a positive outlook for the future.

Spotify reports stellar Q3 performance, eyes growth through innovation

Spotify's Q3 2024 earnings call highlighted robust performance, strategic focus on growth and profitability, and a commitment to innovation. While facing challenges in capital allocation and market competition, the company is well-positioned to leverage opportunities in ad revenue, AI investments, and marketplace expansion for sustained success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

I believe Spotify's 20% CAGR justifies paying 29x forward operating profits, as the company is still in high-growth mode. I trust Spotify's strong net cash position allows it to navigate any headwinds and continue expanding its margins. I see that its loyal subscriber base ensures stable long-term revenues, supporting its attractive valuation.

Spotify: Paying 29x Operating Profits Makes This A Sound Investment

Spotify is expanding its tool that helps create playlists using generative artificial intelligence for premium users to four new markets, including the United States and Canada, the Swedish streaming giant said on Tuesday.

Spotify expands AI Playlist feature to new markets including US, Canada

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is Spotify (SPOT) a Buy as Wall Street Analysts Look Optimistic?

Spotify has expanded the availability of its AI Playlist tool to the U.S., Canada, Ireland, and New Zealand after initially launching it for Premium subscribers in the U.K. and Australia.

Spotify's AI playlist feature rolls out to the U.S. and more markets

CrowdStrike

The stock market has performed well in 2024 so far, thanks partly to the fast-growing artificial intelligence (AI) industry. AI is likely to remain a dominant theme for the broader stock market in 2025.

2 Magnificent Artificial Intelligence (AI) Stocks to Start Buying Ahead of 2025

Amazon

Arista Networks

Amazon stock is nearing a buy point of a base. Mutual funds have been adding shares along with two other leading stocks in buy zones.

Funds Are Adding Amazon, Spotify And This Networking Stock

Spotify (SPOT) shares rose for a tenth straight session on Friday, ending the day at their first record close since February 2021.

Spotify Stock Finishes at a Record High After a 10-Day Rally

Interactive Brokers

Meta Stock, Two Others Break Out To New Highs

AppLovin Corp

The Fed rate decision is spurring some stocks higher — but the fundamentals and this factor are more critical for investors.

Fed Rate Rally Boosts Some But Not All — What Market Cycles Tell Prudent Investors

Let's check out if SPOT is still a compelling option to consider for investors looking to gain exposure to the music-streaming sector.

Spotify Stock Rises 83% Year to Date: Is Your FOMO Warranted?

General Electric

Investors are infatuated with the likes of Nvidia and Tesla. But Arista Networks, GE Aerospace and Spotify are among strong alternatives.

The New Magnificent Seven? These Stocks Not Named Nvidia Clear Buy Points

Spotify Technology stock surged on Thursday after an analyst raised his price target on the music streamer to the highest on Wall Street.

Spotify Stock Hits High Note After Getting Big Price-Target Hike

A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).

Meta and Spotify blast EU decisions on AI

Spotify stock is on fire, and new growth engines like advertising are becoming a bigger part of the company's growth.

Up 115% in a Year, Spotify Needs This Growth Engine to Kick In

DocuSign

Universal Health Services

Ubiquiti Inc

Vertiv Holdings Co

Ubiquiti, Spotify, DocuSign, Vertiv and Universal Health are included in this Analyst Blog.

The Zacks Analyst Blog Ubiquiti, Spotify, DocuSign, Vertiv and Universal Health

Investment in growth stocks should be fruitful on rate cut hope. Five growth stocks to be purchased for September are DOCU, SPOT, UI, UHS and VRT.

Buy 5 Large-Cap Growth Stocks for September on Rate Cut Expectations

After conquering the streaming music market, Spotify is looking to broaden its subscription service with video.

Spotify Looks To Beef Up Audio Service With Videos

Advanced Micro Devices

UBS analysts have unveiled their top stock picks for the remainder of 2024 across the Technology, Media, and Telecom (TMT) sectors. Broad themes across the US technology, media, and telecom sectors in 2024 center on market competition, AI-driven growth, and cost optimization.

AMD, Amazon, Spotify named top tech picks by UBS analysts

Amphenol

Datadog

Micron Technology

Five beaten-down technology giant of past month with excellent price upside for short term are: MU, ANET, APH, DDOG, SPOT.

Buy 5 Beaten Down Tech Stocks of Past Month With Huge Near-Term Upside

Byrna Technologies

Byrna Technologies, Spotify and Climb Global have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Byrna Technologies, Spotify and Climb Global

A man has been charged in an alleged scheme to defraud music streaming platforms of over $10 million by using artificial intelligence to trick their algorithms. The indictment alleges that Michael Smith of North Carolina, US, used bots to artificially inflate streams on platforms including Spotify, Apple Music, and YouTube, manipulating royalty payments for his AI-generated songs.

Man accused of using AI bots to trick streaming platforms out of millions

Significant growth since the pandemic, driven by the frequent adoption of remote work and other technological advancements, should help the Zacks Technology Services industry thrive. BYRN, SPOT and CLMB are well-positioned to make the most of the exploding demand.

3 Stocks to Buy From the Flourishing Technology Services Market

Spotify's growth has been stellar, with EPS growing 185% and sales moving 19% higher throughout its latest period.

Bull of the Day: Spotify Technology (SPOT)

This streaming stock soared during the pandemic, then fell off a cliff once lockdown restrictions eased. Rising profitability, driven by cost-cutting and price hikes, has re-invigorated its stock price.

Up 82% This Year, Should Investors Still Buy This Red-Hot Growth Stock?

Apple

Spotify claims Apple may be again in violation of European regulation, the Digital Markets Act (DMA), which requires interoperability from big technology companies dubbed “gatekeepers.” This time, the issue isn't about in-app purchases, links or pricing information, but rather how Apple has discontinued the technology that allows Spotify users to control the volume on their connected devices.

News for Spotify Stock (SPOT)