Equities Analysts Offer Predictions for SPOT FY2026 Earnings

Spotify Technology (NYSE:SPOT) – Research analysts at Erste Group Bank lowered their FY2026 earnings per share (EPS) estimates for Spotify Technology in a research note issued to investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now expects that the company will earn $14.65 per share for the year, down from their prior forecast of $14.79. The consensus estimate for Spotify Technology’s current full-year earnings is $14.72 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $18.17 EPS.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year.

Several other equities research analysts have also issued reports on the company. Pivotal Research lowered their price objective on Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Barclays lifted their price target on Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Morgan Stanley increased their price target on Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. The Goldman Sachs Group lowered their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Daiwa Securities Group began coverage on Spotify Technology in a report on Thursday, March 26th. They issued an “outperform” rating and a $535.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.92.

Spotify Technology Price Performance

NYSE:SPOT opened at $486.06 on Friday. The company has a market cap of $100.07 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 1.23 and a beta of 1.56. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The stock’s 50 day simple moving average is $482.58 and its two-hundred day simple moving average is $511.09.

Hedge Funds Weigh In On Spotify Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadcap Wealth Management LLC increased its stake in shares of Spotify Technology by 5.7% in the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after purchasing an additional 16 shares in the last quarter. Sagespring Wealth Partners LLC increased its stake in Spotify Technology by 2.9% during the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock worth $370,000 after buying an additional 18 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in Spotify Technology by 7.9% during the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock worth $181,000 after buying an additional 19 shares in the last quarter. Aprio Wealth Management LLC increased its stake in Spotify Technology by 3.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock worth $442,000 after buying an additional 19 shares in the last quarter. Finally, Petra Financial Advisors Inc. increased its stake in Spotify Technology by 1.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 1,639 shares of the company’s stock worth $1,144,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Insider Transactions at Spotify Technology

In related news, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the transaction, the chief executive officer owned 69,989 shares in the company, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the transaction, the chief executive officer owned 20,609 shares of the company’s stock, valued at approximately $9,758,773.68. This represents a 50.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,442 shares of company stock worth $54,647,508 over the last quarter. Company 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: Spotify’s Investor Day “North Star” outlook was well received, with coverage noting that the event helped reassure investors and briefly reignite optimism about the company’s long-term growth plan. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Analyst commentary remains broadly constructive, with one note highlighting that Spotify still has meaningful upside potential and that most analysts remain rated bullish on the stock. Analyst Remains Positive on Spotify (SPOT) Despite 14% Drop In 2026 So Far
• Neutral Sentiment: Several market recaps noted recent daily volatility, including a prior session where SPOT outperformed the broader market and another where it slid even as the market rose; these reports reflect trading sentiment rather than a new business catalyst. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Coverage also pushed back on concerns about AI-generated content, saying Spotify is not deliberately uploading AI artists or music, which may help limit reputational uncertainty. No, Spotify isn’t deliberately uploading AI artists and music
• Negative Sentiment: Erste Group Bank trimmed its FY2026 and FY2027 EPS estimates for Spotify, a sign that some analysts are modeling slightly softer earnings than before, even though estimates remain above the current consensus for FY2026. Spotify Technology (NYSE:SPOT) – Free Report
• Negative Sentiment: Spotify also faced negative publicity after reports that it removed more than 57,000 opioid-related podcasts, with a U.S. senator criticizing the company’s handling of the issue. Spotify quietly took down over 57,000 podcasts peddling opioids, a US senator says

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.