Spotify Technology (NYSE:SPOT) Issues Earnings Results, Misses Estimates By $1.16 EPS

Spotify Technology (NYSE:SPOT) announced its earnings results on Tuesday. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($1.16), Zacks reports. Spotify Technology had a net margin of 7.26% and a return on equity of 25.56%. Spotify Technology updated its Q2 2025 guidance to EPS.

Spotify Technology Trading Down 10.2 %

Shares of SPOT opened at $557.50 on Tuesday. The stock’s fifty day simple moving average is $570.33 and its 200 day simple moving average is $509.96. Spotify Technology has a twelve month low of $280.37 and a twelve month high of $652.63. The firm has a market capitalization of $114.12 billion, a P/E ratio of 100.38 and a beta of 1.75.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Benchmark boosted their price target on Spotify Technology from $600.00 to $720.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Guggenheim reissued a “buy” rating and issued a $675.00 target price on shares of Spotify Technology in a report on Monday, February 24th. China Renaissance started coverage on Spotify Technology in a report on Wednesday, March 26th. They set a “buy” rating and a $740.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Spotify Technology from $550.00 to $695.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Citigroup raised their target price on shares of Spotify Technology from $540.00 to $720.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and an average price target of $596.26.

About Spotify Technology

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.