Spotify Technology (SPOT) Expected to Release Earnings on Thursday

Spotify Technology (NYSE:SPOT) is projected to post its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to announce earnings of $3.18 per share and revenue of $5.64 billion for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:00 AM ET.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.42) earnings per share. On average, analysts expect Spotify Technology to post $13.77 EPS for the current fiscal year and $17.36 EPS for the next fiscal year.

Spotify Technology Trading Down 2.1%

Shares of SPOT stock opened at $519.17 on Tuesday. The company has a market capitalization of $106.89 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The firm has a fifty day simple moving average of $522.30 and a 200-day simple moving average of $495.97. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $696.95.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPOT shares. Guggenheim reaffirmed a “buy” rating and set a $565.00 price target on shares of Spotify Technology in a research note on Wednesday, August 5th. Cantor Fitzgerald decreased their price objective on shares of Spotify Technology from $530.00 to $490.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Phillip Securities upgraded Spotify Technology to a “buy” rating and set a $650.00 target price for the company in a research note on Tuesday, August 11th. Morgan Stanley raised their target price on Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. One investment 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 stock. According to data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and a consensus target price of $610.25.

Spotify Technology News Summary

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify renewed its multiyear licensing agreement with Joe Rogan, preserving one of its highest-profile podcasts and potentially supporting user engagement, advertising and Premium subscriptions. The company also increased its share-buyback authorization by approximately $1.5 billion to about $2.22 billion, which could provide additional support for earnings per share and shareholder returns. Does Rogan Renewal Change The Bull Case For Spotify Stock
• Neutral Sentiment: Investors are focused on Spotify’s upcoming third-quarter results for signs that the company is tracking toward expectations of roughly 788 million monthly active users, 305 million Premium subscribers and €5.0 billion in revenue. Analysts are looking beyond revenue and earnings to user growth, subscriber additions, margins and guidance. Stay Ahead of the Game With Spotify Q3 Earnings
• Neutral Sentiment: Broader technology earnings are expected to influence market sentiment this week, although the general focus on technology and artificial intelligence is not specific to Spotify’s fundamentals. This Week’s Tech Earnings Could Be a Validation Moment for the AI Trade
• Negative Sentiment: StoneX downgraded SPOT from Buy to Hold, signaling reduced near-term conviction after the stock’s strong advance and potentially contributing to profit-taking. StoneX Downgrades Spotify to Hold
• Negative Sentiment: The Rogan renewal also increases content commitments, highlighting concerns that Spotify may need to spend more to sustain audience growth. Investors must determine whether the added engagement and revenue justify the cost, particularly ahead of earnings.

Insider Activity at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the sale, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at $10,897,404.75. The trade was a 51.08% 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. Over the last quarter, insiders have sold 68,092 shares of company stock valued at $35,762,410. Company insiders own 0.40% of the company’s stock.

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.