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Spotify Technology S.A. (639.DE)
EUR414.00
-9.50 (-2.24%)
LU XETRA Technology Software - Application
Address
Regeringsgatan 19 111 53
Luxembourg, LU
Luxembourg, LU
CEO
Ralph Dommermuth
Website
spotify.com
IPO
2018-04-04
ISIN LU1778762911
Also trades on
Deutsche Börse · 639.DE (EUR)
New York Stock Exchange · SPOT (USD)
Swiss Exchange · SPF.SW (CHF)
Description
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR414.00
-9.50 (-2.24%)
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Volume Profile
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Liquidity & share structure
Average Volume
1.1K
Beta
1.55
Float Shares
156.44M
Free Float %
76.0%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.56% | -2.65% | +16.71% | +3.29% | -14.94% | -10.99% | -23.00% | +220.70% | +122.22% | +284.28% | +284.28% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (48 ratings, all time)
Buy
Price Targets & DCF
Current price
414.00
DCF (Unlevered)
234.09
-43.5%
DCF (Levered)
363.29
-12.2%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
13.26
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Software - Application: +13.0%+9.7% Q1'26: +9.5% (vs Q1'25)
-
EPS growth Software - Application: +28.6%+91.4% ★ Q1'26: +226.2% (vs Q1'25)
-
FCF margin FCF growth · Software - Application: +45.3%+14.6% ★ Q1'26: +18.3% (vs Q1'25)
-
EBIT margin Software - Application: +9.4%+13.1% ★ Q1'26: +15.8% (vs Q1'25)
-
ROIC Software - Application: +7.5%+274.2% ★ Q1'26: -859.4% (vs Q1'25)
-
Share dilution Software - Application: +0.0%+1.7% Q1'26: -0.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×0.83× ★ Q1'26: 0.16× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 33 Rev. Ana. 1 EPS Ana. |
Dec 2027 36 Rev. Ana. 1 EPS Ana. |
Dec 2028 18 Rev. Ana. 1 EPS Ana. |
Dec 2029 18 Rev. Ana. 1 EPS Ana. |
Dec 2030 18 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
5.43B
est: 5.27B (+3.0%)
|
6.74B
est: 6.80B (-0.8%)
|
7.34B
est: 7.83B (-6.3%)
|
10.05B
est: 9.63B (+4.4%)
|
11.52B
est: 11.72B (-1.8%)
|
13.25B
est: 13.34B (-0.7%)
|
15.67B
est: 15.57B (+0.7%)
|
17.19B
est: 17.19B (0.0%)
|
19.48B
19.05B – 19.68B
+13.3% YoY
|
22.28B
21.52B – 22.98B
+14.4% YoY
|
25.17B
24.46B – 25.71B
+13.0% YoY
|
28.92B
28.10B – 29.54B
+14.9% YoY
|
32.50B
31.58B – 33.20B
+12.4% YoY
|
| EBITDA |
-138.29M
est: 39.83M (-447.2%)
|
-997.1K
est: -355.11M (+99.7%)
|
-506.84M
est: -114.38M (-343.1%)
|
462.75M
est: -141.90M (+426.1%)
|
-138.46M
est: -165.80M (+16.5%)
|
-301.24M
est: -195.62M (-54.0%)
|
1.50B
est: 4.09B (-63.4%)
|
2.36B
est: 4.51B (-47.7%)
|
5.11B
5.00B – 5.16B
+13.3% YoY
|
5.84B
5.64B – 6.03B
+14.4% YoY
|
6.60B
6.41B – 6.74B
+13.0% YoY
|
7.58B
7.37B – 7.75B
+14.9% YoY
|
8.52B
8.28B – 8.70B
+12.4% YoY
|
| EBIT |
-167.00M
est: -24.65M (-577.5%)
|
-88.00M
est: -56.82M (-54.9%)
|
-655.00M
est: -85.20M (-668.8%)
|
330.69M
est: -105.70M (+412.9%)
|
-312.00M
est: -123.51M (-152.6%)
|
-456.00M
est: -145.72M (-212.9%)
|
1.38B
est: 4.12B (-66.6%)
|
2.26B
est: 4.54B (-50.4%)
|
5.15B
5.04B – 5.20B
+13.3% YoY
|
5.89B
5.69B – 6.07B
+14.4% YoY
|
6.65B
6.46B – 6.80B
+13.0% YoY
|
7.65B
7.43B – 7.81B
+14.9% YoY
|
8.59B
8.35B – 8.77B
+12.4% YoY
|
| Net Income |
-80.50M
est: -640.79M (+87.4%)
|
-185.46M
est: -100.72M (-84.1%)
|
-541.31M
est: -217.09M (-149.4%)
|
-35.36M
est: -269.32M (+86.9%)
|
-422.26M
est: -314.68M (-34.2%)
|
-532.00M
est: -371.28M (-43.3%)
|
1.14B
est: 1.21B (-6.1%)
|
2.21B
est: 1.51B (+46.4%)
|
2.68B
2.58B – 2.75B
+77.4% YoY
|
3.32B
3.19B – 3.41B
+23.8% YoY
|
4.09B
3.94B – 4.20B
+23.3% YoY
|
4.68B
4.50B – 4.81B
+14.3% YoY
|
5.62B
5.41B – 5.77B
+20.1% YoY
|
| SGA |
903.00M
est: 872.56M (+3.5%)
|
1.16B
est: 1.17B (-0.7%)
|
1.47B
est: 1.38B (+6.8%)
|
1.59B
est: 1.71B (-7.2%)
|
2.20B
est: 2.00B (+10.1%)
|
2.12B
est: 2.36B (-10.1%)
|
1.87B
est: 2.30B (-18.7%)
|
1.91B
est: 2.54B (-25.0%)
|
2.88B
2.82B – 2.91B
+13.3% YoY
|
3.29B
3.18B – 3.40B
+14.4% YoY
|
3.72B
3.61B – 3.80B
+13.0% YoY
|
4.27B
4.15B – 4.37B
+14.9% YoY
|
4.80B
4.67B – 4.90B
+12.4% YoY
|
| EPS |
-0.45
est: -3.10 (+85.5%)
|
-1.02
est: -0.22 (-359.2%)
|
-2.89
est: -3.00 (+3.6%)
|
-0.18
est: -0.81 (+77.8%)
|
-2.19
est: -2.41 (+9.3%)
|
-2.73
est: -2.59 (-5.6%)
|
5.65
est: 5.79 (-2.3%)
|
10.77
est: 7.18 (+50.1%)
|
12.73
12.26 – 13.09
+77.4% YoY
|
15.76
15.18 – 16.20
+23.8% YoY
|
19.43
18.71 – 19.97
+23.3% YoY
|
22.21
21.39 – 22.83
+14.3% YoY
|
26.68
25.69 – 27.42
+20.1% YoY
|
Recent Grade Changes (3M)
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-05-26 | Cantor Fitzgerald | Neutral | Neutral | Maintain |
| 2026-05-22 | JP Morgan | Overweight | Overweight | Maintain |
| 2026-04-30 | UBS | Buy | Buy | Maintain |
| 2026-04-29 | Keybanc | Overweight | Overweight | Maintain |
| 2026-04-15 | Keybanc | Overweight | Overweight | Maintain |
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-28 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-27 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-26 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-25 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-21 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-19 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-18 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-15 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-14 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-30 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-29 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-28 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-27 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-24 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-23 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 2/5 | 1/5 |
| 2026-04-21 | B | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-20 | B | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-17 | B | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-16 | B | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-15 | B | 3/5 | 3/5 | 5/5 | 5/5 | 2/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
3.27B
OE per share TTM
15.71
Owner's Yield
3.61%
Maintenance CapEx ratio
2.32%
Maint CapEx / Avg PPE
5.5%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
314.9K
Shares Outstanding
205.83M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Christian Luiga | Chief Financial Officer | 4M | male |
| Dustee Tucker Jenkins | Chief Public Affairs Officer | 738.1K | female |
| Daniel G. Ek | Founder & Executive Chairman | 596.0K | male |
| Gustav Söderström | Co-CEO & Director | 381.5K | male |
| Alex Norström | Co-CEO & Director | 381.5K | male |
| Sven Martin Lorentzon | Co-Founder & Director | — | male |
| Tanmaya Trivedi | Director of Sales | — | male |
| Anna Lundström | Chief Human Resources Officer | — | female |
| Bryan Daniel Goldberg | Head of Investor Relations | — | male |
| Dinesh Kumar Srinivasan | Head of Marketing for MENA, Trkiye, Pakistan & CIS | — | male |
| Paul Sawyer | Chief Accounting Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 639.DE
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
