Track market-moving stories before they get noisy

Spotify (SPOT - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this music-streaming service operator have returned +4.2% over the past month versus the Zacks S&P 500 composite's +0.4% change. The Zacks Internet - Software industry, to which Spotify belongs, has gained 7.3% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Spotify is expected to post earnings of $3.28 per share for the current quarter, representing a year-over-year change of +783.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.1%.

For the current fiscal year, the consensus earnings estimate of $14.51 points to a change of +22% from the prior year. Over the last 30 days, this estimate has changed -1.2%.

For the next fiscal year, the consensus earnings estimate of $18.16 indicates a change of +25.2% from what Spotify is expected to report a year ago. Over the past month, the estimate has changed -1.1%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Spotify is rated Zacks Rank #4 (Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Spotify, the consensus sales estimate of $5.58 billion for the current quarter points to a year-over-year change of +17.3%. The $22.62 billion and $25.86 billion estimates for the current and next fiscal years indicate changes of +16.4% and +14.3%, respectively.

Last Reported Results and Surprise HistorySpotify reported revenues of $5.3 billion in the last reported quarter, representing a year-over-year change of +20.3%. EPS of $4.04 for the same period compares with $1.13 a year ago.

Compared to the Zacks Consensus Estimate of $5.36 billion, the reported revenues represent a surprise of -1.09%. The EPS surprise was +8.6%.

Over the last four quarters, Spotify surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Spotify is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Spotify. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

Posted by Defense World Staff on Jul 23rd, 2026

Alamar Capital Management LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,802 shares of the company’s stock, valued at approximately $2,329,000. Spotify Technology makes up approximately 1.4% of Alamar Capital Management LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in shares of Spotify Technology in the third quarter valued at $35,000. Kemnay Advisory Services Inc. bought a new position in Spotify Technology in the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. acquired a new stake in Spotify Technology in the 4th quarter valued at $35,000. Osbon Capital Management LLC acquired a new stake in Spotify Technology in the 4th quarter valued at $35,000. Finally, Wilmington Savings Fund Society FSB lifted its position in Spotify Technology by 85.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock worth $38,000 after buying an additional 30 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance Spotify Technology stock opened at $474.72 on Thursday. The stock has a 50-day simple moving average of $479.93 and a 200 day simple moving average of $489.13. The stock has a market capitalization of $97.74 billion, a P/E ratio of 37.83, a PEG ratio of 1.22 and a beta of 1.56. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $748.30.

Spotify Technology (NYSE:SPOT – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share. Research analysts forecast that Spotify Technology will post 14.51 earnings per share for the current year.

Analyst Upgrades and Downgrades SPOT has been the subject of a number of recent research reports. KeyCorp reduced their price objective on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Canaccord Genuity Group decreased their price target on Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Pivotal Research lowered their price target on Spotify Technology from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, April 29th. Finally, Rosenblatt Securities dropped their price objective on Spotify Technology from $534.00 to $531.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $630.70.

Check Out Our Latest Research Report on Spotify Technology

Insiders Place Their Bets In other Spotify Technology news, Director Sven Hans Martin Lorentzon sold 35,380 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total value of $18,600,327.40. Following the transaction, the director directly owned 6,383 shares of the company’s stock, valued at $3,355,734.59. This represents a 84.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher P. Marshall sold 2,650 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the sale, the director owned 4,039 shares of the company’s stock, valued at $2,099,714.54. This trade represents a 39.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,442 shares of company stock worth $54,757,553 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology Company Profile (Free Report)

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

Read More Five stocks we like better than Spotify Technology Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBessemer Group Inc. Buys 13,654 Shares of Vanguard Total International Stock ETF $VXUS

Posted by Defense World Staff on Jul 22nd, 2026

Alesco Advisors LLC An ESL Co purchased a new stake in Spotify Technology (NYSE:SPOT – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,721 shares of the company’s stock, valued at approximately $835,000.

A number of other large investors have also recently bought and sold shares of SPOT. Portus Wealth Advisors LLC purchased a new position in shares of Spotify Technology in the 1st quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new position in Spotify Technology during the 4th quarter worth $32,000. Whipplewood Advisors LLC raised its position in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Palladiem LLC purchased a new stake in shares of Spotify Technology in the first quarter valued at about $34,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Spotify Technology during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Up 0.2% Shares of NYSE:SPOT opened at $493.37 on Wednesday. The company has a market cap of $101.57 billion, a P/E ratio of 39.31, a P/E/G ratio of 1.22 and a beta of 1.56. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $748.30. The business has a fifty day simple moving average of $479.05 and a 200-day simple moving average of $489.88.

Spotify Technology (NYSE:SPOT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the firm posted $1.07 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that Spotify Technology will post 14.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Spotify Technology In related news, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction on Monday, July 6th. The shares were sold at an average price of $480.86, for a total transaction of $2,613,954.96. Following the transaction, the chief executive officer owned 67,582 shares in the company, valued at approximately $32,497,480.52. The trade was a 7.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the sale, the director directly owned 6,383 shares of the company’s stock, valued at approximately $3,355,734.59. This trade represents a 84.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 111,442 shares of company stock worth $54,757,553. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages have recently issued reports on SPOT. Cantor Fitzgerald increased their target price on Spotify Technology from $430.00 to $520.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Morgan Stanley upped their price target on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Citizens Jmp lifted their price target on shares of Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a research report on Friday, May 22nd. UBS Group decreased their price target on Spotify Technology from $735.00 to $690.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

View Our Latest Research Report on SPOT

About Spotify Technology (Free Report)

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

Recommended Stories Five stocks we like better than Spotify Technology Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology (NYSE:SPOT – Free Report).

Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEGrupo Televisa (TV) Projected to Post Earnings on Thursday

NEXT HEADLINE »Nichols (LON:NICL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Spotify (SPOT - Free Report) closed at $492.32 in the latest trading session, marking a +2.97% move from the prior day. This move outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.

Shares of the music-streaming service operator witnessed a gain of 2.15% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.32%, and the S&P 500's gain of 0.55%.

Investors will be eagerly watching for the performance of Spotify in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2026. In that report, analysts expect Spotify to post earnings of $3.28 per share. This would mark year-over-year growth of 783.33%. Alongside, our most recent consensus estimate is anticipating revenue of $5.58 billion, indicating a 17.27% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.51 per share and revenue of $22.62 billion. These totals would mark changes of +22.04% and +16.41%, respectively, from last year.

Investors should also pay attention to any latest changes in analyst estimates for Spotify. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.15% lower. Spotify is holding a Zacks Rank of #4 (Sell) right now.

Looking at its valuation, Spotify is holding a Forward P/E ratio of 32.95. This denotes a premium relative to the industry average Forward P/E of 20.12.

We can additionally observe that SPOT currently boasts a PEG ratio of 1.18. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.09.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow SPOT in the coming trading sessions, be sure to utilize Zacks.com.

Posted by Defense World Staff on Jul 20th, 2026

Boston Common Asset Management LLC grew its stake in Spotify Technology (NYSE:SPOT – Free Report) by 64.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,596 shares of the company’s stock after buying an additional 20,516 shares during the period. Spotify Technology accounts for 1.6% of Boston Common Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Boston Common Asset Management LLC’s holdings in Spotify Technology were worth $25,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Spotify Technology during the fourth quarter worth about $711,460,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Spotify Technology by 1,382.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,182 shares of the company’s stock valued at $724,251,000 after purchasing an additional 1,163,045 shares during the period. Coatue Management LLC boosted its position in shares of Spotify Technology by 35.9% in the 4th quarter. Coatue Management LLC now owns 2,450,881 shares of the company’s stock valued at $1,423,251,000 after purchasing an additional 647,708 shares during the period. National Pension Service purchased a new position in Spotify Technology during the 4th quarter worth approximately $316,278,000. Finally, Swedbank AB grew its stake in Spotify Technology by 37.9% during the 4th quarter. Swedbank AB now owns 1,616,321 shares of the company’s stock worth $938,614,000 after buying an additional 444,162 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Spotify Technology In other news, Director Sven Hans Martin Lorentzon sold 35,380 shares of Spotify Technology stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total value of $18,600,327.40. Following the sale, the director owned 6,383 shares of the company’s stock, valued at $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total transaction of $8,973,189.76. Following the transaction, the chief executive officer owned 20,492 shares in the company, valued at approximately $8,826,314.24. This trade represents a 50.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 111,442 shares of company stock worth $54,757,553 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Key Headlines Impacting Spotify Technology Here are the key news stories impacting Spotify Technology this week:

Positive Sentiment: Spotify unveiled a new AI assistant that lets users find songs, build playlists, and explore podcasts using natural language, which could improve engagement and support premium user growth. Spotify’s new AI assistant lets you find songs, create playlists and explore podcasts using natural language Positive Sentiment: Jefferies reiterated a Buy rating and a $600 price target ahead of earnings, signaling continued confidence in Spotify’s long-term growth and AI-related product roadmap. Spotify seen delivering steady Q2 results as investors await AI remixing updates Neutral Sentiment: Spotify was highlighted in an investor letter as having robust results, suggesting institutional investors still see the company as a strong operator despite recent market noise. Market Overlooked Spotify Technology S.A. (SPOT) Despite Robust Results Neutral Sentiment: Spotify partnered with Back Market for a back-to-school promotion, expanding brand visibility but with limited direct financial impact. Back Market Kicks Off Back-to-School Season with Survey Revealing How Parents Are Redefining the Smart Tech Purchase – And Debuting New Partnerships with Duolingo and Spotify Negative Sentiment: Zacks said Spotify’s growth story remains intact, but warned that a rich valuation, high royalty costs, and intensifying competition make the risk/reward less attractive. Spotify’s Growth Story Is Intact, but Faces Valuation Threat Negative Sentiment: Spotify also faced criticism after Lorde slammed the company over sloppy AI-generated song descriptions, adding a reputational headwind around its AI rollout. Lorde slams Spotify over sloppy AI-generated song descriptions Wall Street Analyst Weigh In Several research analysts have commented on SPOT shares. Morgan Stanley lifted their price target on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a research report on Thursday, March 26th. They set an “outperform” rating and a $535.00 target price on the stock. Canaccord Genuity Group cut their target price on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company reduced their price target on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, KeyCorp decreased their price target on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $638.58.

Get Our Latest Stock Report on SPOT

Spotify Technology Trading Up 0.2% NYSE:SPOT opened at $478.86 on Monday. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $748.30. The stock’s 50 day simple moving average is $476.38 and its 200-day simple moving average is $491.10. The firm has a market cap of $98.59 billion, a P/E ratio of 38.16, a PEG ratio of 1.18 and a beta of 1.56.

Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast that Spotify Technology will post 14.51 EPS for the current fiscal year.

Spotify Technology Profile (Free Report)

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

Read More Five stocks we like better than Spotify Technology Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology (NYSE:SPOT – Free Report).

Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEDecker Wealth Management LLC Purchases New Position in Waste Management, Inc. $WM

Spotify (SPOT - Free Report) closed the most recent trading day at $476.08, moving -1.92% from the previous trading session. This change lagged the S&P 500's 0.51% loss on the day. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 1.47%.

The stock of music-streaming service operator has risen by 6.54% in the past month, leading the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.

Market participants will be closely following the financial results of Spotify in its upcoming release. The company plans to announce its earnings on August 4, 2026. On that day, Spotify is projected to report earnings of $3.29 per share, which would represent year-over-year growth of 785.42%. Alongside, our most recent consensus estimate is anticipating revenue of $5.6 billion, indicating a 17.66% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.59 per share and revenue of $22.67 billion. These totals would mark changes of +22.71% and +16.66%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Spotify. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.61% lower. Spotify is currently a Zacks Rank #4 (Sell).

Valuation is also important, so investors should note that Spotify has a Forward P/E ratio of 33.27 right now. Its industry sports an average Forward P/E of 20.31, so one might conclude that Spotify is trading at a premium comparatively.

We can additionally observe that SPOT currently boasts a PEG ratio of 1.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.07.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 89, putting it in the top 37% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

HomeStock IdeasQuick Picks & Lists

SummaryArtisan Mid Cap Fund portfolio generated strong absolute returns and outpaced the Russell Midcap® Growth Index.Within IT, several semiconductor holdings produced exceptional returns, with multiple positions rising more than 100% during the period.During the quarter, we initiated new positions in Entegris, Modine Manufacturing and C.H. Robinson Worldwide. tsingha25/iStock via Getty Images

The following segment was excerpted from Artisan Mid Cap Fund Q2 2026 Commentary.

Performance Discussion The portfolio generated strong absolute returns and outpaced the Russell Midcap® Growth Index. The Russell Midcap® Growth Index returned 14.6%, the highest single-quarter return

115 Followers

Spotify is taking another step to infuse AI technology into its listening experience, with Tuesday’s news that Premium users will now be able to have interactive conversations with the app to choose what music or other audio they want to hear.

The feature is initially available in the U.S., Ireland, and Sweden across iOS and Android devices for users 18 years old and above in English. It’s considered a beta release, meaning that things may not always work perfectly, Spotify says, but user feedback will help to improve the product.

The company didn’t explicitly share more details about the AI technology under the hood in its announcement, but Spotify confirmed to TechCrunch that it uses a mix of its own AI technology and models from multiple providers, based on whatever is best for the task.

The addition is the latest example of how Spotify has put AI technology to use to help people interact with the app’s extensive catalog of music, podcasts, and audiobooks. The company also offers tools like an AI DJ, which speaks in an AI voice that you can engage with directly, plus AI features for building playlists with prompts and those for connecting Spotify with third-party AI chatbots, like ChatGPT.

Loading the player…

The new feature extends the ability to chat with Spotify beyond the AI DJ experience, allowing users to talk to Spotify across the app’s Home and Now Playing views on mobile devices. Users can either type or speak to the app and have back-and-forth conversations to help them choose what to play next. Beyond that, Spotify says the app will also be able to chat with users about their listening history and can help them learn more about their favorite music or go deeper into podcasts or audiobooks.

That means you could get into questions like what inspired a certain song, or dates of album releases, or even get suggestions of other artists you might like, based on what you’re playing. You can also ask about your own listening history, like when was the first time you played a certain track, or you could explore more into what sort of genres you’ve been streaming lately.

In the announcement about the new feature, Spotify also offers a few suggestions as to how to use this interactive technology. For instance, you could ask Spotify to “play some artists I haven’t heard before,” then continue to shape that selection with follow-ups, like asking it to add a specific artist by name, or narrow the selection to just more recent tracks. You could also shape the request further by asking it to be “more upbeat,” or give it other directions.

Plus, you can ask Spotify to save songs, add songs to your queue, or follow the artist via the new feature.

The feature is rolling out now to the markets on mobile devices.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

Spotify Technology SA (NYSE:SPOT) is expected to post accelerating revenue growth in the second quarter, according to UBS, with results likely to come in largely in line with management's outlook on the back of price increases and stable gross margins.

The bank forecasts second-quarter revenue of €4.8 billion, up 15.6% on a foreign exchange neutral basis, compared with 14.2% growth in the first quarter.

UBS expects 6 million premium net additions, down from 8 million a year earlier, citing longer conversion times tied to new free tier features, a shift in campaign marketing timing and a tougher iOS comparison.

Premium average revenue per user is expected to grow 8.1% year over year on an FXN basis, while advertising revenue growth is expected to improve as the company laps lower podcast inventory from last year, with further acceleration anticipated in the second half as self-serve and programmatic channels expand.

UBS forecasts gross margins expanding 160 basis points year over year to 33.1%, and operating income of €634 million for the quarter.

Looking further out, UBS is largely maintaining its 2026 estimates, projecting €19.4 billion in annual revenue, up 14.3% FXN, and gross margins of 33.3%. The bank expects free cash flow of €3.4 billion in 2026, up 18% year over year, and anticipates Spotify will ramp up share buybacks following the cash repayment of its convertible notes in March.

UBS rates Spotify shares Buy and lowered its price target to $690 from $735, reflecting slightly lower EBITDA estimates on higher opex and a reduced forward multiple. The bank pointed to new AI tools and premium tier offerings as potential drivers of deeper user engagement and improved premium conversion over the medium to long term.

Shares of Spotify (SPOT) continue to hit a "sour note," says Rick Ducat, who points out the streaming giant's underperformance compared to peers in the space. He highlights several key resistance levels shares need to break through for a long-term bull run to manifest.

© hocus-focus / iStock Unreleased via Getty Images

Netflix (NASDAQ: NFLX | NFLX Price Prediction) and Spotify (NYSE: SPOT) both closed the books on Q1 2026, and the reports tell two very different stories about scaled subscription media.

Netflix beat on revenue but missed on earnings while collecting a fat breakup fee. Spotify crushed EPS yet spooked investors with soft forward guidance. Same industry, opposite reactions.

Ad Tiers Carry Netflix. Premium Carries Spotify. Netflix pulled in $12.25 billion in revenue, up 16.19% year over year, with EPS of $1.23 versus the $1.345 estimate. The miss looks worse than it is. A $2.8 billion Warner Bros. termination fee distorted the bottom line, and management raised free cash flow guidance to roughly $12.5 billion.

The real engine is advertising. The ad-supported tier drove over 60% of Q1 sign-ups in ads-enabled countries, and the advertiser roster grew 70% year over year to more than 4,000 clients, on pace for $3 billion in ad revenue this year.

Spotify came in almost the opposite way. Revenue of $4.53 billion nudged past estimates, but EPS of $3.45 versus $2.95 was the headline. MAUs hit 761 million (+12%) and Premium subscribers reached 293 million (+9%).

Premium is the profit engine: gross margin expanded to 35% from 34%, helped by a €0.42 ARPU lift from price hikes. The blemish: Ad-Supported revenue fell 5% and its gross margin slipped to 13%.

One Widens the Bet. The Other Cleans House. Netflix is stretching into everything. It acquired InterPositive, Ben Affleck’s GenAI filmmaking tools company, launched the Netflix Playground kids gaming app, and is leaning into live sports (a Tyson Fury vs. Anthony Joshua fight) and video podcasts. Japan is a bright spot after the World Baseball Classic became the most-watched Netflix program ever in the country.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today.

Lens Netflix Spotify Core Bet Ad-supported streaming plus live events Premium audio at higher ARPU Operating Margin 31.5% target for 2026 ~16% Q1 Key Vulnerability Content amortization, ad concentration €410M MLC audiobook royalty lawsuit Spotify took the discipline route, settling its $1.5 billion Exchangeable Notes in March and shipping AI features like Prompted Playlist, Taste Profile, and SongDNA, still mostly in beta.

The Next Test Is Whether the Stock Follows the Business Netflix shares tell a strange story. NFLX is down 18.75% year to date and 40.93% over one year, closing at $76.18, despite raised guidance. Reddit sentiment turned sharply bearish this week, driven by a wallstreetbets thread about Netflix’s top shows losing 30-70% of their audience between seasons. Composite sentiment sits at 41.68, down 30.79 over 30 days.

Spotify, meanwhile, trades at $493.95, up 5.09% since its April earnings window, with a composite sentiment of 73.65 (bullish). I will be watching whether Netflix’s ad revenue actually hits $3 billion and whether Spotify can reverse the ad-tier slide before the MLC verdict lands.

Why I Lean Spotify, Cautiously For me, Spotify looks like the cleaner story right now. Premium ARPU is rising, debt is off the books, and the buyback continues with $1.024 billion remaining. It is not cheap at roughly 46x earnings, and the ad segment is a real problem.

Netflix is arguably the better business. Higher margins, stronger cash flow, and a genuine ad ramp. Yet retention concerns and a sliding share price make me hesitate. On a defensive-scale lens, Netflix at these levels screens as interesting. On a momentum-with-clean-balance-sheet lens, Spotify screens better. The audience retention question remains the key overhang for Netflix from here.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Spotify (SPOT - Free Report) ended the recent trading session at $493.95, demonstrating a +2.26% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.45%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 1.16%.

Coming into today, shares of the music-streaming service operator had lost 4% in the past month. In that same time, the Computer and Technology sector gained 0.38%, while the S&P 500 gained 2.14%.

Investors will be eagerly watching for the performance of Spotify in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2026. The company is forecasted to report an EPS of $3.29, showcasing a 785.42% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $5.6 billion, reflecting a 17.66% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.62 per share and revenue of $22.67 billion. These totals would mark changes of +22.96% and +16.66%, respectively, from last year.

Investors should also take note of any recent adjustments to analyst estimates for Spotify. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.42% lower. Spotify is currently a Zacks Rank #4 (Sell).

In terms of valuation, Spotify is presently being traded at a Forward P/E ratio of 33.04. Its industry sports an average Forward P/E of 19.77, so one might conclude that Spotify is trading at a premium comparatively.

Investors should also note that SPOT has a PEG ratio of 1.19 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.09 as trading concluded yesterday.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 39% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

 | 

Kalshi is looking into an incident in which streams of a song on Spotify may have been artificially boosted at the same time there was a jump in wagers on Kalshi’s prediction markets platform that the song would reach No. 1 on Spotify’s charts, the Financial Times reported Thursday (July 2).

The song, which was released in 2024, saw a nearly 70% leap in U.S. streams on Spotify between Sunday and Monday (June 28-29), according to the report.

During the preceding week, traders on Kalshi had priced only about a 2.5% probability that the song would reach No. 1 on the Spotify U.S. charts by the end of June.

Traders on Kalshi who placed wagers on the song during the week prior to Monday would have made about 20 times their initial outlay.

Spotify investigated the incident, determined that some of the streams were initiated by bots, and removed more than 500,000 streams of the song, which dropped the song to No. 4 in the charts.

There is no suggestion that the singer-songwriter of the song “Earrings,” Malcolm Todd, or his team were involved in any attempt to boost its ranking on Spotify, the report said.

Spotify said in the report that streaming services face all kinds of manipulation and that the company “has best-in-class detection and mitigation practices for manipulated streams, and we don’t pay out associated royalties.”

Kalshi told the FT, per the report: “We’re in touch with Spotify and are actively investigating this matter.”

Kalshi said in a June 9 blog post that it had implemented new market integrity updates that include risk scoring assigned to markets with heightened risk of insider trading or manipulation, employment verification to screen potential insiders, and enhanced whistleblower features that enable users to directly report abusive trading activity.

The company said that during the first quarter, it began more than 150 investigations, blocked more than 100 potential insider trades, made more than 20 referrals to law enforcement and implemented five disciplinary actions.

The Commodity Futures Trading Commission (CFTC) said in February that exchanges such as Kalshi are adhering to their oversight responsibilities and that they are the regulator’s first line of defense against insider trading in prediction markets.

© PeopleImages.com - Yuri A / Shutterstock.com

Spotify (NYSE:SPOT | SPOT Price Prediction) and Netflix (NASDAQ:NFLX) both reported Q1 2026 earnings that sent each stock lower, but for very different reasons.

Spotify beat on profit and kept stacking subscribers. Netflix posted a headline-friendly cash flow number that was mostly a one-time check from a deal it walked away from. Two subscription giants. Two very different stories about where the money is actually coming from.

Audio Profits Land. A Termination Check Pads Video. Spotify pulled $4.53 billion in revenue, up 8.19% year over year, with EPS of $3.45 against a $2.950 consensus. Premium subscribers reached 293 million, MAUs hit 761 million, and Premium gross margin expanded from 34% to 35%.

Price hikes added €0.42 to Premium ARPU. Ad-supported revenue fell 5%, and ad gross margin slipped to 13%. New features like SongDNA, Prompted Playlist, and a Spotify integration inside ChatGPT lean into personalization.

Netflix booked $12.25 billion in revenue, up 16.19%, but EPS of $1.23 missed the $1.345 consensus. The eye-popping $5.09 billion free cash flow was inflated by a $2.80 billion termination fee from the abandoned Warner Bros. deal. The ad tier was over 60% of sign-ups in ads markets, and advertiser count grew 70% to over 4,000 clients.

One Tightens Focus. One Widens the Net. Spotify is doubling down on what it already owns: audio. The Partner Program courts video podcasters, audiobooks slot into Premium bundles, and the Spotify Ad Exchange leans into biddable inventory.

Netflix is sprinting in five directions at once: GenAI filmmaking tools from acquiring InterPositive, the Netflix Playground kids gaming app, video podcasts, live boxing, and the World Baseball Classic that became its most-watched program ever in Japan.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today.

Lens Spotify Netflix Core Bet Audio plus audiobooks Ads, live events, gaming Big Risk MLC lawsuit, ~€410M exposure Content amortization peaks in Q2 2026 2026 Margin Target Expanding Premium margin 31.5% operating margin The Next Test Is Ads Becoming Real Money Netflix guided ad revenue to roughly $3 billion in 2026, double last year. Polymarket traders see Q2 operating margin landing between 32% and 36% with 80% combined probability.

Spotify’s path is narrower: keep nudging Premium ARPU higher without losing the price-sensitive cohort and stop the ad business from leaking. I’ll be watching whether Spotify’s biddable ad rollout halts that 5% ad revenue slide before it becomes a trend.

Both stocks have been punished. SPOT is down 39.32% over one year. NFLX is down 43.84%.

Why I Lean Spotify for the Cleaner Story For my money, Spotify’s quarter was simply cleaner. Profit growth came from real operating leverage rather than a one-time deal-breakup check. Premium margin expansion and $824 million in free cash flow tell me the audio model is finally compounding. The 42 P/E asks a lot, and the MLC lawsuit could sting, so it isn’t risk-free.

Netflix fits a different investor. If you believe ads scale toward $3 billion, live sports keep printing sign-up records, and the 31.5% margin target holds, the post-earnings drawdown reflects a meaningful reset.

A couple of clean quarters without one-time inflation would strengthen the thesis. Walking away from Warner Bros. was disciplined, but it leaves the content engine relying on its own slate at exactly the moment competition from YouTube and TikTok keeps thickening.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today.

Spotify has recently benefited from several positive catalysts improving its outlook. I maintained a neutral stance previously, which proved prudent as SPOT declined 21% over six months. Recent developments now warrant a reassessment of SPOT's investment case.

BERLIN, GERMANY - JANUARY 21: The Logo of streeming services Amazon Music and Spotify is displayed on the screen of a smartphone. (Photo by Thomas Trutschel/Photothek via Getty Images)

Photothek via Getty Images

It defies what most in the music biz have believed until now: Spotify pays itself more than what it pays to the record labels, according to a streaming royalty calculator launched by leading law firm Manatt Phelps & Phillips.

Most assumed Spotify and the other DSPs (digital service providers) took a 30% cut off the top of music streaming revenues before remitting the rest to the record labels and music publishers, who in turn pay artists and songwriters.

But according to Manatt’s number-crunching machine, and the lawyers and analysts who stand behind it, Spotify takes a 46% cut of gross revenue and Apple Music takes a 25% cut “off the top.” That leaves labels with 43% from Spotify and 60% from Apple, with the rest going to music publishers.

Recording artists and songwriters are, in turn, typically paid by their music distributors and music publishers, unless they own their own companies.

The numbers coming out of Manatt’s calculator are surprising when it comes to just how much streamers are paying into the music eco-system.

And there’s one most-surprising revelation: Amazon Music doesn’t pay itself anything before remitting streaming revenue to the labels and publishers.

According to the Manatt calculator, Spotify is taking more for itself than was thought and Amazon Music is taking nothing for itself.

MORE FOR YOU

Does Amazon Provide Streaming Music For Free?According to Trent Smith and Jordan Bromley, who developed Manatt’s calculator using data they’ve collected from the streamers, it indeed appears Amazon Music pays itself nothing “off the top."

“This is newsworthy,” says Bromley, who leads Manatt’s highly-regarded entertainment group. Smith, who engineered the calculator, is an analyst hired by Manatt from Music Reports, Inc., considered the largest registry of music rights and related business information in the world.

"The labels negotiated rates directly with Spotify, and if there’s a 43% split for labels, like what we’re seeing, well, that’s a big dip from 55%,” which is what most have assumed the labels were receiving from Spotify.

“We’re using comprehensive rate sheets that are provided by the DSPs,” says Bromley. “So anyone with a publisher account has access to this data, but we found a way to crack it open and gain insights from the data that others maybe weren’t looking at fully."

But is Amazon Music simply not paying itself any money from use of music on its platform by an estimated 100 million music subscribers worldwide? Especially when Spotify takes 47% and Apple Music takes 25% of gross streaming revenue “off the top” before sharing any revenue with the content owners?

From reports Smith is seeing, “Amazon reports zero revenue," he says. But it gets complicated, because "They have a mixed service bundle" that includes music along with other things in an Amazon Prime account. “Their royalty calculation is based on the number of subscribers to the service. I believe it’s $0.25 per subscriber per month," Smith says. But that’s not reported as streaming revenue at least for Manatt’s calculations, he says.

But twenty-five cents per subscriber per month adds up. Other sources hint at what Amazon’s gross streaming revenue may equal. In 2025, the total “wholesale” revenue paid by the DSPs to music companies was $22 billion, according to the respected IFPI Global Music Report 2026. The IFPI report does not specify the gross amount collected by the streamers from subscription fees and ad revenues pegged to music, but reports Polaris Market Research, it reaches $52 billion. If these numbers correspond, then streamers pay music companies about 42 percent of their gross global income from music streaming.

Music streaming income is small potatoes for Amazon, the world’s second biggest company after JP Morgan Chase according to a just-released Forbes report, showing that Bezos’ behemoth registered $742.8 billion in sales in 2025 and a market value of $2.8 trillion.

Unlike Spotify, which makes its living largely off of music streaming revenue, Amazon Music and Apple Music can view their music streaming businesses as mainly marketing tools.

And Spotify is clearly winning the battle for users against its much bigger rivals that don’t spotlight their music biz. Of the almost one 1 billion subscribers to music streaming services, Spotify holds a commanding lead with a 31.4% market share, according to Midia Research.

If Manatt’s streaming calculator results are accurate, music companies and creators should note how much more they’re paid by Amazon Music than Spotify, Apple, and others.

Manatt’s Bromley and Smith joined the author on his podcast Shmoozic Biz podcast to run the numbers and draw conclusions from their music streaming royalty calculator.

NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its second quarter 2026 results and deck to shareholders on Tuesday, August 4, 2026 before market open. The company will hold a question and answer session to discuss second quarter 2026 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 #SpotifyEarningsQ226. A live webcast of the earnings call will.

Spotify (SPOT - Free Report) ended the recent trading session at $455.60, demonstrating a -3.02% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.22% for the day. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.

Shares of the music-streaming service operator witnessed a gain of 6.39% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.19%, and the S&P 500's gain of 1.56%.

Analysts and investors alike will be keeping a close eye on the performance of Spotify in its upcoming earnings disclosure. On that day, Spotify is projected to report earnings of $3.3 per share, which would represent year-over-year growth of 787.5%. Simultaneously, our latest consensus estimate expects the revenue to be $5.59 billion, showing a 17.4% escalation compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.68 per share and revenue of $22.69 billion. These totals would mark changes of +23.47% and +16.78%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Spotify. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 1.32% fall in the Zacks Consensus EPS estimate. Right now, Spotify possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Spotify is presently being traded at a Forward P/E ratio of 32.01. This denotes a premium relative to the industry average Forward P/E of 18.64.

It is also worth noting that SPOT currently has a PEG ratio of 1.15. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.03 at the close of the market yesterday.

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 86, this industry ranks in the top 36% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

In the latest close session, Spotify (SPOT - Free Report) was up +2.74% at $468.08. This move outpaced the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.

The music-streaming service operator's stock has climbed by 5.14% in the past month, exceeding the Computer and Technology sector's gain of 0.22% and the S&P 500's gain of 0.29%.

Market participants will be closely following the financial results of Spotify in its upcoming release. The company's upcoming EPS is projected at $3.3, signifying a 787.50% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.6 billion, up 17.66% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $14.68 per share and revenue of $22.73 billion, which would represent changes of +23.47% and +16.98%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Spotify. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.32% lower. At present, Spotify boasts a Zacks Rank of #3 (Hold).

Digging into valuation, Spotify currently has a Forward P/E ratio of 31.04. This signifies a premium in comparison to the average Forward P/E of 18.05 for its industry.

Investors should also note that SPOT has a PEG ratio of 1.11 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Spotify SPOT is back online after an outage knocked some users off the platform and disrupted music streaming earlier Friday.

The issue hit people trying to log in and play songs, with reports coming in from users across different regions. Spotify said on X that it was aware of the problem, looked into it, and later confirmed that service had returned to normal.

The company has not said what caused the outage or exactly how many users were affected. That matters because Spotify is a daily-use app for music, podcasts and playlists, so even a short outage gets noticed quickly.

this does not look like a major financial event unless problems like this start happening more often. But it is still a reminder that reliability matters for a subscription platform built around habit and engagement.

Investors with an interest in Internet - Software stocks have likely encountered both StoneCo Ltd. (STNE) and Spotify (SPOT).

It’s about to get easier to share your favorite moments from a podcast, with the introduction of Spotify’s new Podcast clips feature, out on Wednesday.

In the app, a new scissors icon in the “Now Playing” view will allow you to clip a particular segment of interest from a podcast you’re listening to, then share it more broadly with your audience on social media or with friends, colleagues, or anyone else.

When clipping, you’ll be able to trim the portion of the audio and preview it to hear it back before sharing more publicly. You’ll then tap the sharing button, which offers options for the different ways you can share a podcast, including a link to the full episode, chapter, timestamp, or, now, the clip.

For those in the tech industry, the addition is particularly timely, given that major tech and AI executives now often avoid doing traditional media interviews to instead sit down with podcasters to expand their reach and, in some cases, avoid tougher questions. That means there’s now a lot more news breaking on podcasts, and not enough time to stream them all. This will make it easier for the key pieces from those otherwise lengthy interviews to find an audience.

Spotify also notes it has seen traction with people saving longer segments of podcasts called Chapters, since launching them earlier this year. Since then, Chapters have been saved and added to playlists over 2 million times per month.

Sharing clips can also aid in marketing by highlighting particularly interesting bits, encouraging users to tune in to the full show to hear more.

Saved clips are stored in your Spotify Library, allowing you to revisit them at any time or add them to one of your podcast playlists.

The feature is rolling out globally to Spotify’s free and Premium users on mobile, with availability expanding to more shows over time.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

LOS ANGELES, May 27, 2026 (GLOBE NEWSWIRE) --  The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Spotify Technology S.A. (“Spotify” or “the Company”) (NYSE: SPOT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Spotify reported its Q1 2026 financial results on April 28, 2026. The Company projected subscriber growth for Q2 that would fall short of consensus estimates while also reporting Q1 ad revenues that disappointed the market. Based on this news, shares of Spotify fell by more than 12.4% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com

Toronto, Ontario--(Newsfile Corp. - May 28, 2026) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0). 

The Great Canadian Treasure Hunt takes a trip to the Prairies this month with the announcement of the next regional bonus prize. Organized by The Northern Miner, the treasure hunt encourages hunters and the public alike to explore Canada's rich mining history. Six one-ounce gold coins valued at over $35,000 will be claimed by a hunter, or hunters, in Saskatchewan. While better known for its seemingly endless fields of wheat, Saskatchewan has a remarkable mining history and remains one of the most critical mining jurisdictions in the world. The Saskatchewan prize joins the Grand Prize & Quebec Bonus Prize, with New Brunswick treasure claimed earlier this week.

It seems only fitting that Saskatchewan, a province renowned for its incredible farming history, would contribute to the mining history of Canada with a mineral critical to food security across the globe - potash. This largely accidental discovery uncovered one of the largest potash deposits in the world. Today, thanks to the incredible resilience and ingenuity of early miners and engineers, Saskatchewan is the undisputed giant of global potash production. With remaining lifespans of potash operations in Saskatchewan estimated over 100 years, 'pink gold' will remain a fundamental part of the Canadian mining landscape for decades, or even centuries to come.

"Buried deep beneath the sweeping plains of Saskatchewan, the Prairie Evaporite Formation represents a true marvel of ancient geology. Left behind by a long-vanished Devonian sea, this colossal subterranean repository of potash has become one of the bedrocks of global agriculture. The ongoing extraction of this vital mineral wealth drives an unstoppable economic engine, transforming the province into an international powerhouse and cementing Canada's role in feeding the modern world."- Anthony Vaccaro, President, The Northern Miner Group

Tens of thousands of hunters continue their search for the grand prize, alongside the two active regional bonus prizes - Quebec, and Saskatchewan. The Great Canadian Treasure Hunt has inspired hunters from across the country to learn and engage with the incredible history of mining in Canada - and rewarding ingenious solutions to its challenges, just like the early miners and engineers of Saskatchewan.

Participants can join the hunt and view the Saskatchewan clue here.

Watch the Saskatchewan reveal video here: 

Cannot view this video? Visit:
https://www.youtube.com/watch?v=5xXHkCOtyhE

This campaign is proudly presented with the support of industry sponsors including Agnico Eagle Mines Limited, Sprott Money, EarthLabs Inc., IAMGOLD Corporation, Kinross Gold Corporation, The World Gold Council, McEwen Inc., Alamos Gold Inc., Ernst & Young LLP, Mining Matters, MINING.COM, CEO.CA and The Canadian Mining Journal.

For more information, including full contest rules, FAQs and updates, visit treasure.northernminer.com.

Follow @northernminer (X/FB/YouTube) | @thenorthernminer (IG) | @mining (X) | @miningdotcom (IG/FB/YouTube); @ceodotca (X/IG/FB/TikTok) | @ceocafilm (YouTube) for ongoing clues and community updates.

About The Northern Miner

The Northern Miner is a one-of-a-kind information resource. With over 110 years of experience serving the mining and exploration industry, crucial reports by The Northern Miner writing staff inform the decision-making process of thousands of high-performing mining professionals.

Founded in 1915, The Northern Miner remains the industry's most respected mining news authority, known for its on-the-ground journalism, editorial independence, and deep sector expertise. Now owned by EarthLabs Inc., it operates alongside platforms like MINING.COM, CEO.CA, and Canadian Mining Journal, delivering critical insight and trusted intelligence to the global mining community.

About EarthLabs Inc.

EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) is a mining investment, technology, and media company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData.

Disclaimer
18+. No purchase necessary. Open to residents of Canada only. All prize valuations are in Canadian dollars (CAD) and based on the spot gold prices as of January 29, 2026, and may fluctuate with market prices. Full contest rules, eligibility criteria, and redemption process available at treasure.northernminer.com.

Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "potential", "projected", "assumed", "planned", "to be", "may", "could", "should", or similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks include, but are not limited to, those described in the Company's filings on SEDAR+ at www.sedarplus.ca. While the Company has attempted to identify key risks and assumptions, actual outcomes may vary.

Forward-looking statements reflect the beliefs, expectations, and opinions of management as of the date of this release. The Company disclaims any obligation to update or revise these statements, whether as a result of new information, future events, or otherwise, unless required by law. Undue reliance should not be placed on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299219

Source: EarthLabs Inc.

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

The feature, which went live on Tuesday (May 26), brings more than 650 articles from publications including Rolling Stone, The Atlantic, Vogue, Variety, Billboard, Vibe, GQ, WIRED, Vanity Fair, and Pitchfork to the Spotify app. Each narrated article is under two hours long and has been produced in-house by Spotify‘s Audiobooks team.

Conde Nast via Getty Images

Spotify expands beyond music and podcasting by turning long-form magazine articles into an audio format.Spotify, the streaming giant, has added more than 650 narrated articles to its audiobook library. It is pulling in stories from major publications, including Spotify, Rolling Stone, WIRED, The Atlantic, Variety and Pitchfork.

Instead of inserting full news archives into its app, Spotify has strategically focused on the kind of stories its target audience is already likely to binge, such as deep dives into music, pop culture, entertainment and tech.

Each narrated article clocks in at under two hours, making them feel more like short audiobooks than traditional podcasts.

“With Articles, we’re introducing long-form journalism in audio as a natural extension of the music, podcasts, and audiobooks people already come to Spotify for, focused on topics we know they love,” said Colleen Prendergast, Licensing Lead at Spotify Audiobooks in a press statement. “By bringing shorter form content into the mix, we’re meeting audiences where they are to help build healthy listening habits, ultimately growing engagement with books over time.”

Rolling Stone is among the launch partners, and its CEO Julian Holguin frames the collaboration this way: “This allows us to deepen the connection between our readers and the artists, stories, and features they care about, while also providing an opportunity for discovery. By making Rolling Stone’s journalism more accessible on Spotify, we’re excited to bring our storytelling to an even wider audience.”

The logic behind the format essentially copies what Spotify has done with podcasts, which is shorter listens leading to longer-form engagement over time. Since launching audiobooks just over two years ago, Spotify has expanded into 22 markets, reached tens of millions of new readers, and grown listening hours 60% year over year. Articles adds another entry point to that ecosystem, sitting alongside existing features like Page Match, Recaps, and Follow Along.

MORE FOR YOU

For music and culture fans already living inside the Spotify ecosystem, Articles represents a direct pipeline from the artists they follow to the journalism written about them, surfaced through the platform’s personalization and discovery tools.

AFP via Getty Images

Premium subscribers can listen to narrated articles as part of their monthly audiobooks allowance – which offers 15 hours of listening time per month – alongside Spotify‘s existing audiobook catalog.

Free users can purchase individual articles for $1.99 each.

The articles will use a mix of human and digital voice narration, according to Spotify, with the sections using AI-generated narration clearly labeled for users.

In its press release, Spotify noted that it sees the format as a stepping stone toward audiobook engagement.

The Articles launch is another non-music initiative from Spotify, which has diversified away from streaming music.

Last month, Spotify launched fitness and wellness content through a partnership with Peloton, bringing more than 1,400 workout classes to Premium subscribers.

In podcasting, more than 390 million users had watched a video podcast on the platform as of the company’s Q3 2025 earnings call – a 54% year-over-year increase with close to 500,000 video podcast shows available on the service, as reported by MBW.

According to Spotify’s Investor Day presentation, audiobook listening hours have grown 60% year-over-year, with nearly half of its audiobook listeners globally under the age of 35.

dpa/picture alliance via Getty Images

Co-CEO Alex Norström said recently that Spotify has captured roughly 20% of the audiobooks market in the United States – a challenge to Amazon‘s Audible, which has long dominated the space. Last year, Amazon collapsed its Wondery podcast Network into Audible, seeking to both bolster that unit, and take advantage of Audible’s branding imprint.

Conversions and convergence between print and audio have been accelerating in the last decade. In 2017, for example, NPR began adapting its radio pieces into print articles, and vice versa. Reporters at NPR often write corresponding digital articles for NPR.org alongside their audio broadcasts, and subscribers can also access official written transcripts for almost all broadcasted segments on their website. The New York Times has often employed the same strategy, with its growing podcast network and its digital/print journalism.

Podcast transcripts In a convergent trend, significantly more podcasts have been offering full transcripts of all of their episodes. Driven by AI advancements and major app updates, platforms like Apple Podcasts and Spotify offer millions of auto-generated transcripts. Furthermore, discovery networks like Podchaser index over 150,000 podcasts, and most top-tier podcast hosting sites now include automatic transcripts for creators as a standard feature.

For listeners, transcripts make it easier to search for specific keywords, jump to relevant topics, or read along with synchronized text.

For example, the Tracing the Path podcast (hosted by Dan R. Morris) offers full transcripts for its episodes.

Tracing The Path: The Connected 20th Century is a history podcast hosted by Dan R Morris that explores surprising, hidden connections between 20th-century events, pop culture, and inventions.

Tracing The Path

You can find the written transcripts, along with trivia/discussion questions and a glossary of key terms, on official Tracing the Path website.

Full, detailed transcripts or in-depth episode breakdowns for A Beginner’s Guide to Design Thinking are available, offering comprehensive written versions of the podcast discussions. You can find these resources directly on the A Beginner’s Guide to Design Thinking Website.

Both of these independent podcasts use transcripts as learning tools for their audience.

A Beginner's Guide to Design Thinking can help listeners to develop the mental processes necessary to create and oversee design processes.

Lucy Patterson

Podcast transcripts make audio content universally accessible, significantly boost SEO, and allow for easy content repurposing. They open episodes to a wider audience, enable search engines to index your show, and serve as an invaluable tool for taking notes or creating.

Search engines cannot "listen" to audio. Text transcripts provide crawlable keywords and phrases, helping listeners find episodes on Google or specific apps.

Spotify continues to make smart expansion moves that leverage the primary part of their business model – streaming. Turning long-form magazine articles into an audio format utilizes its existing company assets and expertise and offers an expanding menu of services for its premium subscribers, with the expectation that more consumers will become paying customers as the value proposition grows.