Spotify Technology S.A. — SPOT
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $528.92 | $108.90B | 67.7 | 37.1 | 25.2% | 18.1% | - | 12.0 |
Latest Headlines
- · Spotify Stock Has Hit an Air Pocket. Don’t Give Up Hope, Analysts Say.
- · Here is What to Know Beyond Why Spotify Technology (SPOT) is a Trending Stock
- · Is Spotify (SPOT) Using Video Podcast Monetization to Quietly Reframe Its Core Platform Strategy?
- · Spotify Is Fighting Listener Fatigue. AI Is Central to the Plan
- · Here’s What Wall Street Thinks About Spotify Technology (SPOT)
- · Spotify (SPOT) Lowers Entry Bar for Video Creators
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $7.9B | $-581.0M | $-3.10 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $9.7B | $-34.0M | $-0.18 | 22.7% | -94.1% | -94.2% |
| 2 | 2022-12-31 | $11.7B | $-430.0M | $-2.23 | 21.3% | 1164.7% | 1138.9% |
| 3 | 2023-12-31 | $13.2B | $-532.0M | $-2.73 | 13.0% | 23.7% | 22.4% |
| 4 | 2024-12-31 | $15.7B | $1.1B | $5.67 | 18.3% | -313.9% | -307.7% |
| 5 | TTM 2025-03-31 | $16.2B | $1.2B | $6.38 | 3.5% | 2.5% | 12.5% |
| 6 | Average | 15.8% | 156.6% | 154.4% |
EPS
Forecasts
Y/Y % Change
SPOT Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 22.7% | 21.3% | 13.0% | 18.3% | 24.9% | 13.7% | 19.0% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 5 | 5 | |
| EPS Growth (%) | -94.1% | 1164.7% | 23.7% | -313.9% | 43.1% | 79.8% | 150.6% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | Sales & Marketing ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|---|---|
| 2021 | $9.7B | $7.0B | $912.0M | $1.1B | $450.0M | $1.6B | $127.0M |
| 2022 | $11.7B | $8.6B | $1.4B | $1.6B | $626.0M | $2.2B | $171.0M |
| 2023 | $13.2B | $9.7B | $1.7B | $1.5B | $585.0M | $2.1B | $158.0M |
| 2024 | $15.7B | $10.8B | $1.5B | $1.4B | $481.0M | $1.9B | $121.0M |
| TTM | $16.9B | $11.4B | $1.5B | $1.4B | $492.0M | $1.9B | $107.0M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | Sales & Marketing Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|---|---|
| 2022 | 21.30 | 24.17 | 52.08 | 38.50 | 39.11 | 38.68 | 34.65 |
| 2023 | 12.96 | 12.31 | 24.37 | -2.48 | -6.55 | -3.64 | -7.60 |
| 2024 | 18.31 | 11.72 | -13.86 | -9.20 | -17.78 | -11.57 | -23.42 |
| TTM | 7.81 | 5.51 | -0.47 | 2.01 | 2.29 | 2.08 | -11.57 |
No unmapped expenses.
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $13,465M |
| 1 | Cash | $5,161M |
| 2 | Total Liabilities | $6,838M |
| 3 | Total Debt | $2,382M |
| 4 | Total Equity | $6,627M |
| 5 | Debt to Equity Ratio | 0.36 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $528.92 | 4.1% | Nicks Growth: 9% Nick's Expected Margin: 10% FINVIZ Growth: 41% |
Nicks: 16 Finviz: 234 |
Nick's: 1.607 | 6.4 | 67.7 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $7.81 EPS | TTM | $125.53 | -76.3% | $1827.08 | 245.4% |
| $7.91 EPS | 2025 | $127.14 | -76.0% | $1850.48 | 249.9% |
| $14.22 EPS | 2026 | $228.56 | -56.8% | $3326.65 | 529.0% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 32.02% | 25.66% | 34.57% | 26.69% | 3.96% | 2.71% | 25.38% | 18.29% | 1.3% | 1.3% |
| 3 Years | 32.02% | 25.66% | 34.57% | 26.69% | 3.96% | 2.71% | 25.38% | 18.29% | 1.3% | 1.3% |
| 5 Years | 32.02% | 25.66% | 34.57% | 26.69% | 3.96% | 2.71% | 25.38% | 18.29% | 1.3% | 1.3% |
| 10 Years | 32.02% | 25.66% | 34.57% | 26.69% | 3.96% | 2.71% | 25.38% | 18.29% | 1.3% | 1.3% |