UK markets closed

Spotify Technology S.A. (SPOT)

NYSE - Nasdaq Real-time price. Currency in USD
Add to watchlist
338.28+7.49 (+2.26%)
As of 11:36AM EDT. Market open.
Full screen
Trade prices are not sourced from all markets
Previous close330.79
Open333.62
Bid338.12 x 1000
Ask338.55 x 1800
Day's range331.21 - 346.03
52-week range129.23 - 346.03
Volume2,558,353
Avg. volume1,684,093
Market cap67.336B
Beta (5Y monthly)1.59
PE ratio (TTM)N/A
EPS (TTM)-0.66
Earnings date23 Jul 2024
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est366.08
  • Yahoo Finance

    Spotify stock jumps after reporting record profit, strong guidance amid turnaround plan

    Spotify reported quarterly earnings before the bell on Tuesday. Here's what to know.

  • Yahoo Finance Video

    Spotify's 'year of monetization' yields strong Q2 results

    Spotify (SPOT) beat Wall Street expectations in its second quarter earnings report, achieving record profits amid its cost-saving strategy. Manhattan Venture Partners head of research Santosh Rao joins Catalysts to offer insights into the streaming platform's performance. Rao emphasizes Spotify's success, stating it "hit on every metric" in what he calls its "year of monetization." He highlights the company's effective execution of its turnaround strategy, which includes cost reduction, margin improvement, and subscriber growth. Rao confidently states that for Spotify, "the coast is clear." Notably, despite implementing price increases to its subscription tiers, Spotify saw a rise in subscriber numbers, demonstrating strong platform loyalty. Addressing concerns about potential customer loss due to higher prices, Rao observes that "at this point, it doesn't look like it." He commends Spotify's approach, explaining that price hikes are accompanied by new product offerings, describing it as "a very sensible growth market strategy." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

  • Benzinga

    Spotify's Q2 Results Sound Good Although It Still Does Not Have The Quality Sound Of Amazon And Apple

    Spotify Technologies S.A. (NYSE: SPOT) reported its second quarter results that show its turnaround efforts, including cost savings, are already bearing fruit. But with a high-resolution audio tier still in the works, Spotify is still behind Apple Inc (NASDAQ: AAPL) and Amazon.com Inc (NASDAQ: AMZN) who already have this feature. CEO Daniel Ek addressed this issue during the earnings call, stating that the plan is to offer a much better version of Spotify. Meanwhile, Spotify continued to improve