Analyst Consensus ?
ConsensusBuy53 ratings
Bullish3362.3%
Neutral1833.9%
Bearish23.8%
Spotify Technology S.A. · SPOT · FY2026 Q1 · Calendar Q2 2026
Spotify: User Growth Holds, Monetization Execution Remains Key
Spotify's current evidence supports a constructive operating picture: user growth remains strong, gross margin is elevated, and AI-led product and advertising initiatives are expanding the monetization opportunity. The key test is whether engagement converts into faster advertising growth without eroding margins through higher compute and marketing costs.
Reported Before market openNYSECommunication Services
$119.99B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.04
Consensus $3.43
EPS surprise
+17.8%
Reported versus consensus
Reported revenue
$5.24B
Consensus $5.23B
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-12.4%
Event window
SPY move
-0.5%
Same window
Abnormal move
-11.9%
Stock minus SPY
Volume
6.1×
Versus trailing sessions
Subsequent drift
+18.1%
Up to 20 sessions
SPOTSPY benchmark
Ask FN2 about SPOT FY2026 Q1
Transcript, numbers and history already loaded
Why did SPOT fall 12.4% after beating EPS estimates in FY2026 Q1?What changed in SPOT's guidance and outlook in FY2026 Q1?Give me the bull and bear case for SPOT after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Spotify entered 2026 with MAU above 760 million, 293 million subscribers, 33% gross margin, and a more developed biddable advertising model. The company also introduced or expanded Song DNA, Taste Profile, Prompted Playlist, and a Peloton-content Fitness hub, shifting the focus from engagement gains toward monetization and cost discipline.
Guidance delta
Management maintained guidance. MAU and subscriber additions reached or exceeded guidance, while the call emphasized execution on advertising, product rollout, and monetization.
Key takeaways
- MAU reached 761 million and subscribers 293 million, with net additions meeting guidance.
- Gross margin reached 33%, supported by revenue mix and cost efficiencies.
- AI personalization, biddable advertising, and the Fitness hub are the main execution themes.
Management priorities
- Expand AI features including Taste Profile and Prompted Playlist
- Scale biddable programmatic advertising and additional ad inventory
- Roll out the Fitness hub and premium content partnerships
- Use product engagement to improve long-term lifetime value
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Estimate
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Miss
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Analyst 52W Price Targets
$580.99Current
$95Low
$450.66Average
$900High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 23, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Rosenblatt | Neutral | Neutral | Maintain | Oct 20, 2026 |
| StoneX | Hold | Buy | Downgrade | Oct 15, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Oct 12, 2026 |
| UBS | Buy | Buy | Maintain | Oct 5, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 29, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 13, 2026 |
| Guggenheim | Buy | Buy | Maintain | Aug 5, 2026 |
| Benchmark | Buy | Buy | Maintain | Jul 22, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 9, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 22, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 22, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | May 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 22, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 29, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Apr 29, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Jan 14, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Sep 9, 2025 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 18, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 23, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jun 26, 2025 |
| Pivotal Research | Buy | Buy | Maintain | Jun 17, 2025 |
| Loop Capital | Hold | Hold | Maintain | May 2, 2025 |
| Baird | Outperform | Outperform | Maintain | May 1, 2025 |
| Macquarie | Outperform | Outperform | Maintain | Apr 30, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Apr 21, 2025 |
| TD Cowen | Hold | Hold | Maintain | Nov 13, 2024 |
| Piper Sandler | Neutral | Neutral | Maintain | Nov 13, 2024 |
| Phillip Securities | Accumulate | Buy | Maintain | Nov 13, 2024 |
| Redburn Atlantic | Sell | Neutral | Downgrade | Jul 10, 2024 |
| HSBC | Buy | Buy | Maintain | Apr 24, 2024 |
| Raymond James | Outperform | Outperform | Maintain | Apr 15, 2024 |
| DZ Bank | Hold | Sell | Upgrade | Feb 7, 2024 |
| Truist Securities | Buy | Buy | Maintain | Oct 25, 2023 |
| Monness, Crespi, Hardt | Neutral | Buy | Downgrade | Sep 28, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 26, 2023 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Feb 6, 2023 |
| Jefferies | Hold | Buy | Downgrade | Jan 12, 2023 |
| Redburn Partners | Sell | Neutral | Downgrade | Jul 26, 2021 |
| Nordea Equity | Hold | Buy | Downgrade | Jan 27, 2021 |
| Nordea | Hold | Buy | Downgrade | Jan 27, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 15, 2020 |
| Redburn | Neutral | Buy | Downgrade | May 28, 2020 |
| Consumer Edge | Equal Weight | Equal Weight | Maintain | Aug 20, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Aug 1, 2019 |
| Stifel | Buy | Buy | Maintain | Aug 1, 2019 |
| Nomura | Buy | Buy | Maintain | Apr 30, 2019 |
| Buckingham Research | Buy | Buy | Maintain | Apr 22, 2019 |
| Buckingham | Buy | Buy | Maintain | Apr 22, 2019 |
| B. Riley Securities | Neutral | Neutral | Maintain | Jul 30, 2018 |
| B. Riley FBR | Neutral | Neutral | Maintain | Jul 30, 2018 |
| BTIG Research | Buy | Buy | Maintain | Jul 23, 2018 |
| Gabelli & Co. | Hold | Hold | Maintain | Apr 4, 2018 |
Named analyst price targets
Upside is calculated against the persisted current price $580.99. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Andrew Marok | $625 | $580.94 | +7.6% | Oct 22, 2026 |
| Jefferies | James Heaney | $620 | $518.76 | +6.7% | Oct 20, 2026 |
| UBS | Analyst unavailable | $490 | $529.14 | -15.7% | Oct 12, 2026 |
| KeyBanc | Justin Patterson | $660 | $512.92 | +13.6% | Oct 8, 2026 |
| Piper Sandler | Matt Farrell | $540 | $512.92 | -7.1% | Oct 8, 2026 |
| UBS | Batya Levi | $675 | $472.89 | +16.2% | Oct 5, 2026 |
| UBS | Analyst unavailable | $660 | $487.38 | +13.6% | Oct 1, 2026 |
| Cantor Fitzgerald | Deepak Mathivanan | $530 | $488.4 | -8.8% | Aug 5, 2026 |
| UBS | Analyst unavailable | $530 | $497.11 | -8.8% | Aug 5, 2026 |
| Morgan Stanley | Analyst unavailable | $640 | $499.66 | +10.2% | Aug 3, 2026 |
| UBS | Batya Levi | $690 | $484.17 | +18.8% | Jul 10, 2026 |
| Wells Fargo | Analyst unavailable | $570 | $485.22 | -1.9% | Jul 9, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $520 | $519.86 | -10.5% | May 26, 2026 |
| Morgan Stanley | Sean Diffley | $610 | $489.93 | +5.0% | May 22, 2026 |
| Wells Fargo | Analyst unavailable | $600 | $489.93 | +3.3% | May 22, 2026 |
| Barclays | Kannan Venkateshwar | $565 | $489.93 | -2.8% | May 22, 2026 |
| Jefferies | Analyst unavailable | $600 | $489.93 | +3.3% | May 21, 2026 |
| UBS | Batya Levi | $735 | $440.78 | +26.5% | Apr 30, 2026 |
| Canaccord Genuity | Maria Ripps | $720 | $434.2 | +23.9% | Apr 29, 2026 |
| Guggenheim | Analyst unavailable | $565 | $434.2 | -2.8% | Apr 29, 2026 |
| UBS | Analyst unavailable | $600 | $434.2 | +3.3% | Apr 29, 2026 |
| KeyBanc | Analyst unavailable | $680 | $434.2 | +17.0% | Apr 29, 2026 |
| Barclays | Kannan Venkateshwar | $500 | $434.2 | -13.9% | Apr 29, 2026 |
| UBS | Analyst unavailable | $720 | $433.95 | +23.9% | Apr 28, 2026 |
| KeyBanc | Analyst unavailable | $745 | $511.36 | +28.2% | Apr 15, 2026 |
| Bernstein | Analyst unavailable | $625 | $486.62 | +7.6% | Apr 9, 2026 |
| UBS | Analyst unavailable | $535 | $478.18 | -7.9% | Mar 26, 2026 |
| Guggenheim | Analyst unavailable | $600 | $467.83 | +3.3% | Feb 24, 2026 |
| Pivotal Research | Jeffrey Wlodarczak | $420 | $490 | -27.7% | Feb 11, 2026 |
| UBS | Analyst unavailable | $760 | $488.19 | +30.8% | Feb 11, 2026 |
| Cantor Fitzgerald | Deepak Mathivanan | $525 | $476.02 | -9.6% | Feb 11, 2026 |
| MoffettNathanson | Clay Griffin | $514 | $485.4 | -11.5% | Feb 11, 2026 |
| Morgan Stanley | Analyst unavailable | $650 | $476.02 | +11.9% | Feb 11, 2026 |
| Guggenheim | Michael Morris | $720 | $476.02 | +23.9% | Feb 11, 2026 |
| Evercore ISI | Analyst unavailable | $700 | $476.13 | +20.5% | Feb 10, 2026 |
| UBS | Analyst unavailable | $650 | $476.4 | +11.9% | Feb 10, 2026 |
| Canaccord Genuity | Maria Ripps | $750 | $476.4 | +29.1% | Feb 10, 2026 |
| KeyBanc | Analyst unavailable | $720 | $422.61 | +23.9% | Feb 9, 2026 |
| UBS | Analyst unavailable | $487 | $512.6 | -16.2% | Jan 27, 2026 |
| Barclays | Analyst unavailable | $625 | $504.5 | +7.6% | Jan 20, 2026 |
| Oppenheimer | Analyst unavailable | $750 | $529.03 | +29.1% | Jan 14, 2026 |
| Bernstein | Ian Moore | $650 | $534.64 | +11.9% | Jan 14, 2026 |
| Wells Fargo | Steven Cahall | $710 | $530 | +22.2% | Jan 13, 2026 |
| UBS | Analyst unavailable | $800 | $544.39 | +37.7% | Jan 9, 2026 |
| Guggenheim | Analyst unavailable | $750 | $561.32 | +29.1% | Jan 8, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $615 | $569.62 | +5.9% | Jan 8, 2026 |
| Morgan Stanley | Benjamin Swinburne | $775 | $566.23 | +33.4% | Dec 18, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $675 | $641.16 | +16.2% | Nov 5, 2025 |
| UBS | Analyst unavailable | $860 | $642.98 | +48.0% | Nov 5, 2025 |
| Barclays | Analyst unavailable | $700 | $629.6 | +20.5% | Nov 5, 2025 |
| Goldman Sachs | Eric Sheridan | $735 | $629.6 | +26.5% | Nov 4, 2025 |
| UBS | Analyst unavailable | $750 | $656.68 | +29.1% | Oct 31, 2025 |
| Bernstein | Ian Moore | $830 | $665.67 | +42.9% | Oct 30, 2025 |
| Morgan Stanley | Analyst unavailable | $800 | $675.53 | +37.7% | Oct 21, 2025 |
| Goldman Sachs | Analyst unavailable | $770 | $728.47 | +32.5% | Sep 30, 2025 |
| Argus Research | Analyst unavailable | $845 | $716.53 | +45.4% | Sep 29, 2025 |
| KeyBanc | Analyst unavailable | $830 | $696.4 | +42.9% | Sep 15, 2025 |
| Bank of America Securities | Jessica Reif Ehrlich | $900 | $650.47 | +54.9% | Jul 30, 2025 |
| Guggenheim | Analyst unavailable | $800 | $620.01 | +37.7% | Jul 29, 2025 |
| Wells Fargo | Analyst unavailable | $750 | $620.01 | +29.1% | Jul 29, 2025 |
| Morgan Stanley | Benjamin Swinburne | $850 | $715.37 | +46.3% | Jul 10, 2025 |
| Guggenheim | Michael Morris | $840 | $736.3 | +44.6% | Jun 25, 2025 |
| Canaccord Genuity | Maria Ripps | $775 | $658.61 | +33.4% | May 20, 2025 |
| Evercore ISI | Mark Mahaney | $650 | $602.93 | +11.9% | Apr 30, 2025 |
| UBS | John Hodulik | $680 | $551.74 | +17.0% | Apr 15, 2025 |
| Redburn Partners | Ed Vyvyan | $545 | $508.44 | -6.2% | Mar 11, 2025 |
| UBS | Mark Mahaney | $700 | $621.77 | +20.5% | Feb 4, 2025 |
| Morgan Stanley | Benjamin Swinburne | $550 | $448.65 | -5.3% | Dec 18, 2024 |
| Canaccord Genuity | Maria Ripps | $560 | $475.38 | -3.6% | Dec 2, 2024 |
| Canaccord Genuity | Maria Ripps | $525 | $339.9 | -9.6% | Nov 13, 2024 |
| Piper Sandler | Matt Farrell | $450 | $339.9 | -22.5% | Nov 13, 2024 |
| Loop Capital Markets | Alan Gould | $435 | $339.9 | -25.1% | Nov 13, 2024 |
| Deutsche Bank | Benjamin Black | $440 | $381.96 | -24.3% | Nov 6, 2024 |
| Rosenblatt Securities | Barton Crockett | $438 | $371.69 | -24.6% | Oct 17, 2024 |
| KeyBanc | Justin Patterson | $490 | $373.28 | -15.7% | Oct 16, 2024 |
| Goldman Sachs | Eric Sheridan | $430 | $371.45 | -26.0% | Oct 4, 2024 |
| Jefferies | James Heaney | $445 | $380.36 | -23.4% | Sep 25, 2024 |
| CFRA | Kenneth Leon | $425 | $380.36 | -26.8% | Sep 24, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $510 | $363.54 | -12.2% | Sep 19, 2024 |
| KeyBanc | Justin Patterson | $440 | $337.58 | -24.3% | Sep 16, 2024 |
| KeyBanc | Justin Patterson | $420 | $324.92 | -27.7% | Sep 10, 2024 |
| Cantor Fitzgerald | Deepak Mathivanan | $340 | $329.25 | -41.5% | Sep 4, 2024 |
| Goldman Sachs | Eric Sheridan | $425 | $332.08 | -26.8% | Jul 24, 2024 |
| Deutsche Bank | Benjamin Black | $430 | $341.44 | -26.0% | Jul 24, 2024 |
| Guggenheim | Michael Morris | $420 | $330.79 | -27.7% | Jul 24, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $460 | $330.79 | -20.8% | Jul 23, 2024 |
| Wolfe Research | Mark Zgutowicz | $405 | $295.45 | -30.3% | Jul 22, 2024 |
| Wolfe Research | Devin Brisco | $390 | $305.13 | -32.9% | Jul 12, 2024 |
| KeyBanc | Justin Patterson | $410 | $304.99 | -29.4% | Jul 10, 2024 |
| Redburn Partners | Agnieszka Pustula | $230 | $306.47 | -60.4% | Jul 10, 2024 |
| KeyBanc | Justin Patterson | $400 | $318.96 | -31.2% | Jun 26, 2024 |
| Canaccord Genuity | Maria Ripps | $370 | $310.71 | -36.3% | Jun 3, 2024 |
| Piper Sandler | Matt Farrell | $320 | $281.71 | -44.9% | Apr 24, 2024 |
| Evercore ISI | Mark Mahaney | $340 | $310.28 | -41.5% | Apr 23, 2024 |
| CFRA | Kenneth Leon | $325 | $318.11 | -44.1% | Apr 23, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $400 | $305.56 | -31.2% | Apr 23, 2024 |
| Goldman Sachs | Eric Sheridan | $277 | $298.08 | -52.3% | Apr 17, 2024 |
| Piper Sandler | Matt Farrell | $250 | $309.07 | -57.0% | Apr 9, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $390 | $295.96 | -32.9% | Apr 5, 2024 |
| Rosenblatt Securities | Barton Crockett | $315 | $291.77 | -45.8% | Apr 4, 2024 |
| Evercore ISI | Mark Mahaney | $285 | $287.23 | -50.9% | Apr 3, 2024 |
| KeyBanc | Justin Patterson | $300 | $262.81 | -48.4% | Mar 27, 2024 |
| HSBC | Joseph Thomas | $310 | $262.81 | -46.6% | Mar 27, 2024 |
| Macquarie | Tim Nollen | $300 | $238.54 | -48.4% | Feb 7, 2024 |
| UBS | Batya Levi | $274 | $217.62 | -52.8% | Jan 30, 2024 |
| Pivotal Research | Jeffrey Wlodarczak | $265 | $192.46 | -54.4% | Jan 5, 2024 |
| Morgan Stanley | Tim Nollen | $232 | $199.32 | -60.1% | Dec 5, 2023 |
| Raymond James | Andrew Marok | $210 | $161.82 | -63.9% | Oct 25, 2023 |
| Piper Sandler | Matt Farrell | $150 | $156.57 | -74.2% | Oct 11, 2023 |
| Morgan Stanley | Benjamin Swinburne | $185 | $159.58 | -68.2% | Oct 4, 2023 |
| Truist Financial | Matthew Thornton | $176 | $157.3 | -69.7% | Oct 2, 2023 |
| Deutsche Bank | Benjamin Black | $180 | $140.38 | -69.0% | Jul 26, 2023 |
| Truist Financial | Matthew Thornton | $170 | $158.62 | -70.7% | Jun 27, 2023 |
| Wolfe Research | Zach Morrissey | $190 | $156.1 | -67.3% | Jun 21, 2023 |
| Atlantic Equities | Hamilton Faber | $160 | $124.02 | -72.5% | Feb 6, 2023 |
| Wells Fargo | Steven Cahall | $180 | $121.17 | -69.0% | Feb 6, 2023 |
| Truist Financial | Analyst unavailable | $132 | $118.14 | -77.3% | Feb 2, 2023 |
| Morgan Stanley | Benjamin Swinburne | $130 | $116.97 | -77.6% | Feb 1, 2023 |
| Rosenblatt Securities | Analyst unavailable | $110 | $112.72 | -81.1% | Feb 1, 2023 |
| Pivotal Research | Analyst unavailable | $130 | $112.72 | -77.6% | Feb 1, 2023 |
| Raymond James | Analyst unavailable | $130 | $112.72 | -77.6% | Feb 1, 2023 |
| Jefferies | Andrew Uerkwitz | $95 | $91.75 | -83.6% | Jan 12, 2023 |
| Morgan Stanley | Analyst unavailable | $105 | $73.26 | -81.9% | Dec 19, 2022 |
| Raymond James | Andrew Marok | $110 | $97.05 | -81.1% | Oct 26, 2022 |
| Barclays | Mario Lu | $135 | $97.05 | -76.8% | Oct 26, 2022 |
| Bank of America Securities | Jessica Reif Cohen | $120 | $97.05 | -79.3% | Oct 26, 2022 |
| Truist Financial | Matthew Thornton | $125 | $92.25 | -78.5% | Oct 7, 2022 |
| Loop Capital Markets | Justin Patterson | $148 | $89.14 | -74.5% | Sep 27, 2022 |
| Morgan Stanley | Benjamin Swinburne | $140 | $121.16 | -75.9% | Aug 4, 2022 |
| Citigroup | Analyst unavailable | $145 | $116.61 | -75.0% | Jul 28, 2022 |
| Evercore ISI | Analyst unavailable | $230 | $105.86 | -60.4% | Jul 7, 2022 |
| Citigroup | Analyst unavailable | $150 | $103.74 | -74.2% | Jul 7, 2022 |
| Wells Fargo | Steven Cahall | $124 | $94.42 | -78.7% | Jun 30, 2022 |
| Morgan Stanley | Benjamin Swinburne | $170 | $97.8 | -70.7% | Jun 16, 2022 |
| Goldman Sachs | Eric Sheridan | $133 | $111.93 | -77.1% | Jun 9, 2022 |
| Bank of America Securities | Jessica Reif Cohen | $164 | $111.93 | -71.8% | Jun 9, 2022 |
| Raymond James | Andrew Marok | $150 | $112.86 | -74.2% | Jun 6, 2022 |
| Raymond James | Andrew Marok | $150 | $111.04 | -74.2% | Jun 6, 2022 |
| KeyBanc | Justin Patterson | $210 | $112.19 | -63.9% | Jun 3, 2022 |
| Truist Financial | Matthew Thornton | $150 | $108.86 | -74.2% | May 3, 2022 |
| Citigroup | Analyst unavailable | $165 | $105.32 | -71.6% | Apr 29, 2022 |
| Barclays | Analyst unavailable | $170 | $103.22 | -70.7% | Apr 28, 2022 |
| Wells Fargo | Analyst unavailable | $101 | $103.26 | -82.6% | Apr 28, 2022 |
| Loop Capital Markets | Justin Patterson | $210 | $96.62 | -63.9% | Apr 28, 2022 |
| Goldman Sachs | Eric Sheridan | $150 | $96.99 | -74.2% | Apr 28, 2022 |
| Guggenheim | Analyst unavailable | $95 | $97.77 | -83.6% | Apr 27, 2022 |
| Rosenblatt Securities | Analyst unavailable | $150 | $138.1 | -74.2% | Apr 19, 2022 |
| KeyBanc | Justin Patterson | $235 | $134.51 | -59.6% | Apr 18, 2022 |
| Truist Financial | Matthew Thornton | $210 | $141.28 | -63.9% | Apr 9, 2022 |
| UBS | Eric Sheridan | $185 | $148.91 | -68.2% | Apr 5, 2022 |
| Deutsche Bank | Benjamin Black | $140 | $133.58 | -75.9% | Mar 16, 2022 |
| Benchmark Co. | Matthew Harrigan | $260 | $135.17 | -55.2% | Mar 4, 2022 |
| Bank of America Securities | Jessica Reif Ehrlich | $262 | $165.92 | -54.9% | Feb 8, 2022 |
| Credit Suisse | Douglas Mitchelson | $238 | $159.76 | -59.0% | Feb 3, 2022 |
| Wells Fargo | Steven Cahall | $153 | $159.76 | -73.7% | Feb 3, 2022 |
| Monness | Brian White | $240 | $159.76 | -58.7% | Feb 3, 2022 |
| Atlantic Equities | Hamilton Faber | $210 | $159.76 | -63.9% | Feb 3, 2022 |
| Wolfe Research | Deepak Mathivanan | $220 | $159.76 | -62.1% | Feb 3, 2022 |
| Barclays | Mario Lu | $280 | $159.76 | -51.8% | Feb 3, 2022 |
| J.P. Morgan | Doug Anmuth | $280 | $159.76 | -51.8% | Feb 3, 2022 |
| Jefferies | Andrew Uerkwitz | $275 | $159.76 | -52.7% | Feb 3, 2022 |
| Pivotal Research | Jeffrey Wlodarczak | $235 | $191.92 | -59.6% | Feb 2, 2022 |
| LightShed Partners | Richard Greenfield | $260 | $191.92 | -55.2% | Feb 2, 2022 |
| Citigroup | Jason Bazinet | $240 | $196.26 | -58.7% | Jan 31, 2022 |
| Redburn Partners | Nick Delfas | $170 | $240.59 | -70.7% | Jul 26, 2021 |
| Loop Capital Markets | Alan Gould | $280 | $252.12 | -51.8% | Apr 30, 2021 |
Track every rating change on SPOT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationSpotify 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.
Historical context
All SPOT earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RCI Rogers Communications Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -2.0% | Rogers: Guidance Reaffirmed as Capex Falls and ARPU Faces Pressure |
| OMC Omnicom Group Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.2% | +2.6% | Omnicom pairs resilient demand with AI and integration progress |
| CMCSA Comcast Corporation | FY2026 Q3 · Calendar Q4 2026 | +8.5% | +3.4% | Comcast balances wireless and Peacock gains against Q4 costs |
Latest beats and misses
Who reports nextBeat on EPS
- DECKFY2027 Q2 · October 22, 2026+13.4% EPS-0.2% move
- OMCFY2026 Q3 · October 22, 2026+2.2% EPS+2.6% move
- SSNCFY2026 Q3 · October 22, 2026+0.6% EPS+2.8% move
- BEFY2026 Q3 · October 22, 2026+36.0% EPS-8.7% move
- ROPFY2026 Q3 · October 22, 2026+1.7% EPS+9.7% move
- BPOPFY2026 Q3 · October 22, 2026+5.8% EPS-2.8% move
Missed on EPS
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
- HBANPFY2026 Q3 · October 22, 2026-5.3% EPS0.0% move
- PCGFY2026 Q3 · October 22, 2026-0.8% EPS-1.3% move
Get the SPOT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-23T13:50:44.432527+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T13:50:44.429565+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-23. For educational purposes only; not investment advice.