Spotify Technology (NYSE:SPOT – Get Free Report) is expected to be posting its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to post earnings of $3.18 per share and revenue of $5.64 billion for the quarter. Parties can check the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:00 AM ET.
Spotify Technology (NYSE:SPOT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the business posted ($0.42) EPS. Spotify Technology’s revenue was up 13.9% compared to the same quarter last year. On average, analysts expect Spotify Technology to post $13.71 EPS for the current fiscal year and $17.28 EPS for the next fiscal year.
Spotify Technology Trading Up 1.5%
SPOT stock opened at $526.72 on Wednesday. The stock has a 50-day moving average price of $522.79 and a two-hundred day moving average price of $496.36. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $696.95. The company has a market cap of $108.44 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.61.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on SPOT shares. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Argus reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Spotify Technology in a research note on Thursday, August 13th. Stonex Financia cut Spotify Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Guggenheim reiterated a “buy” rating and set a $565.00 target price on shares of Spotify Technology in a report on Wednesday, August 5th. Finally, Wells Fargo & Company dropped their target price on shares of Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $610.25.
Check Out Our Latest Stock Analysis on SPOT
Insiders Place Their Bets
In other news, CEO Gustav Söderström sold 20,913 shares of the firm’s 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 transaction, the chief executive officer owned 20,025 shares of the company’s stock, valued at approximately $10,897,404.75. This trade represents a 51.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the transaction, the chief executive officer owned 66,773 shares in the company, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 68,092 shares of company stock worth $35,762,410. Insiders own 0.40% of the company’s stock.
Key Headlines Impacting Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Jefferies raised its price target to $620 from $600 and reiterated a Buy rating ahead of Spotify’s third-quarter results. The firm cited muted expectations, moderating cost pressures, potential advertising improvement, and possible AI products as catalysts. Jefferies also views Spotify’s platform as highly defensible against AI competition. Spotify Q3 preview: Jefferies sees favorable set-up as AI products and ad growth offer upside
- Positive Sentiment: Premium revenue reportedly grew 15%, supported by subscriber gains and pricing increases. Stronger subscription monetization could help offset continuing pressure in Spotify’s advertising business. Spotify’s Premium Growth Gains Traction
- Positive Sentiment: Spotify launched paid podcast memberships, allowing creators to offer perks such as ad-free listening, early access, and exclusive audio or video while retaining 90% of revenue. The initiative could increase creator retention and add a higher-margin monetization channel. Spotify launches paid podcast memberships with perks beyond bonus content
- Positive Sentiment: Spotify said it removed more than 50 million AI-generated “slop” and spam tracks from recommendations this year. The cleanup may improve user trust, discovery quality, and the platform’s defenses against low-quality AI content, although it also highlights a growing content-management challenge. Spotify has pulled more than 50m AI slop and spam tracks out of its recommendations this year
- Neutral Sentiment: Rosenblatt reaffirmed a Neutral rating with a $527 price target, indicating limited near-term upside at the cited price. Investors are also awaiting third-quarter metrics, including monthly active users, Premium subscribers, and revenue.
- Negative Sentiment: Advertising remains a pressure point, while Spotify’s multiyear Joe Rogan renewal increases content commitments. Although the company expanded its buyback authorization by approximately $1.5 billion to about $2.22 billion, investors must weigh capital returns against higher content spending. StoneX also downgraded the shares from Buy to Hold.
About Spotify Technology
Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.
Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.
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