Equities Analysts Set Expectations for SPOT FY2026 Earnings

Spotify Technology (NYSE:SPOT) – Erste Group Bank raised their FY2026 earnings per share estimates for Spotify Technology in a report released on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings of $14.75 per share for the year, up from their prior estimate of $14.69. The consensus estimate for Spotify Technology’s current full-year earnings is $10.30 per share.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share.

Other analysts have also issued research reports about the company. Daiwa Securities Group assumed coverage on Spotify Technology in a report on Thursday, March 26th. They issued an “outperform” rating and a $535.00 target price for the company. KeyCorp reduced their target price on Spotify Technology from $830.00 to $720.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Cantor Fitzgerald reduced their target price on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Arete Research raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 target price for the company in a report on Thursday, February 26th. Finally, UBS Group reduced their target price on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $697.33.

Spotify Technology Trading Down 0.1%

Shares of NYSE:SPOT opened at $482.71 on Thursday. The stock has a market capitalization of $99.38 billion, a price-to-earnings ratio of 50.07, a PEG ratio of 1.07 and a beta of 1.70. The stock has a fifty day simple moving average of $488.13 and a two-hundred day simple moving average of $568.27. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00.

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 Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the sale, the chief executive officer owned 69,989 shares of the company’s stock, valued at $33,560,425.39. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the sale, the chief executive officer directly owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This represents a 50.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Several hedge funds have recently bought and sold shares of SPOT. Sivia Capital Partners LLC bought a new stake in Spotify Technology during the second quarter valued at about $312,000. Jump Financial LLC grew its holdings in Spotify Technology by 5.2% during the second quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock valued at $869,000 after purchasing an additional 56 shares during the period. Cary Street Partners Financial LLC bought a new stake in Spotify Technology during the second quarter valued at about $178,000. L2 Asset Management LLC grew its holdings in Spotify Technology by 7.4% during the second quarter. L2 Asset Management LLC now owns 582 shares of the company’s stock valued at $447,000 after purchasing an additional 40 shares during the period. Finally, State Street Corp grew its holdings in Spotify Technology by 1.7% during the second quarter. State Street Corp now owns 4,574,228 shares of the company’s stock valued at $3,509,988,000 after purchasing an additional 74,256 shares during the period. Institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Spotify expanded its AI “prompted” playlist tool to include podcasts, enabling personalized podcast playlists from simple text prompts — a meaningful product upgrade that can boost engagement, listen time and ad/subscription monetization. Spotify Expands AI Playlist Tool to Include Podcasts
• Positive Sentiment: Bank of America added Spotify to its U.S. 1 list (top investment ideas) and coverage notes highlighted a new HYBE ENHYPEN video-podcast partnership — institutional endorsement plus fresh content deals support growth and investor confidence. Microsoft, Spotify, Viking Added to BofA US 1 List
• Positive Sentiment: Erste Group slightly raised its FY2027 EPS estimate for Spotify, reflecting incremental analyst confidence in the company’s longer-term profitability trajectory. MarketBeat SPOT
• Neutral Sentiment: Media coverage and retail interest (Zacks/Yahoo trending pieces, broad press on the new podcast feature) are driving attention and volume; increased visibility can swing short-term flows but is not a direct earnings driver. Trending Stock: Facts to Know
• Neutral Sentiment: Corporate continuity: Spotify announced CFO Paul Sawyer will retire in May; John Giraldo (from NBCUniversal) will succeed as Chief Accounting Officer — orderly transition reduces governance risk. Bank of America’s U.S. 1 Nod and HYBE Deal
• Negative Sentiment: Barclays lowered its price target from $650 to $600 while keeping an overweight rating — a downward revision that can cap near-term upside and prompt some profit-taking despite the retained positive stance. Barclays Lowers PT

Spotify Technology Company Profile

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.