SPOT Stock Earnings Estimates Decreased by Erste Group Bank

Spotify Technology (NYSE:SPOT) – Research analysts at Erste Group Bank lowered their FY2026 earnings per share estimates for Spotify Technology in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $13.71 per share for the year, down from their previous estimate of $14.07. The consensus estimate for Spotify Technology’s current full-year earnings is $13.81 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $17.16 EPS.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) earnings per share.

A number of other research analysts have also weighed in on the company. Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 target price for the company in a report on Tuesday, August 11th. Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Benchmark cut their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Moffett Nathanson boosted their price objective on shares of Spotify Technology from $492.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, June 17th. Finally, KeyCorp reduced their price objective on shares of Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $610.25.

Spotify Technology Stock Down 0.0%

Shares of NYSE SPOT opened at $528.96 on Tuesday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $700.12. The business has a 50-day simple moving average of $518.49 and a two-hundred day simple moving average of $494.22. The company has a market cap of $108.90 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.62 and a beta of 1.61.

Institutional Trading of Spotify Technology

Several institutional investors and hedge funds have recently modified their holdings of SPOT. NorthCrest Asset Manangement LLC bought a new stake in shares of Spotify Technology during the 3rd quarter valued at about $588,000. Avior Wealth Management LLC purchased a new position in shares of Spotify Technology during the third quarter worth about $215,000. JGP Wealth Management LLC bought a new position in shares of Spotify Technology in the third quarter worth approximately $241,000. Kaizen Financial Strategies bought a new position in shares of Spotify Technology in the third quarter worth approximately $203,000. Finally, Wedmont Private Capital increased its position in shares of Spotify Technology by 30.2% in the third quarter. Wedmont Private Capital now owns 1,895 shares of the company’s stock worth $998,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of Spotify Technology stock in a transaction on Monday, September 14th. The shares were sold at an average price of $544.19, for a total value of $11,380,645.47. Following the sale, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 47,182 shares of company stock worth $24,677,392 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Joe Rogan deal extended: Spotify signed a new multiyear licensing agreement with The Joe Rogan Experience. Retaining one of the platform’s most popular podcasts could support user engagement, advertising revenue and subscription retention. Spotify Won’t Let Go of Joe Rogan, Podcast King Secures Another Multiyear Deal
• Positive Sentiment: Audiobooks expanding globally: Spotify plans to increase audiobook availability from 22 markets to more than 180 by the end of 2026. The rollout broadens Spotify’s addressable market and could create another revenue stream beyond music and podcasts. Spotify Stock Is Up Nearly 9% Since September 30 as Audiobooks Go Global
• Positive Sentiment: New software commercialization initiative: Spotify launched “Spotify Technology” to sell internal software tools to other companies. Management describes the effort as part of Spotify becoming an “R&D operating system,” potentially creating incremental enterprise revenue and improving returns on its technology investments. Spotify launches Spotify Technology to sell its internal software tools
• Neutral Sentiment: Strong long-term narrative: Commentary highlights Spotify’s roughly 235% three-year share-price increase, expanding product lines and potential cash-flow growth. However, bullish valuation scenarios remain well above the current analyst consensus, making execution important. Spotify Stock Looks Discounted As Its 235% Run Continues
• Negative Sentiment: Cantor Fitzgerald cuts target: Cantor lowered its price target from $530 to $490 and kept a neutral rating, implying approximately 7.4% downside from the referenced price. The downgrade reflects a more cautious view of near-term valuation and is the clearest immediate pressure on SPOT. Spotify Technology Price Target Cut to $490 by Cantor Fitzgerald

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.