Spotify Technology SA

  • Market Cap: Large Cap
  • Industry: Computers - Software & Consulting
  • ISIN: LU1778762911
USD
560.97
3.8 (0.68%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

574.39 k

Shareholding (Mar 2025)

FII

21.29%

Held by 440 FIIs

DII

55.68%

Held by 38 DIIs

Promoter

0.76%

How big is Spotify Technology SA?

22-Jun-2025

As of Jun 18, Spotify Technology SA has a market capitalization of 147,028.90 million, with net sales of 17,414.11 million and a net profit of 1,252.81 million over the latest four quarters.

Market Cap: As of Jun 18, Spotify Technology SA has a market capitalization of 147,028.90 million, categorizing it as a Large Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Spotify reported net sales of 17,414.11 million and a net profit of 1,252.81 million.<BR><BR>Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of 5,721.14 million and total assets of 12,431.18 million.

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What does Spotify Technology SA do?

22-Jun-2025

Spotify Technology SA is a Luxembourg-based company that provides digital music-streaming services. As of March 2025, it reported net sales of $4.41 billion and a market cap of approximately $147 billion.

Overview:<BR>Spotify Technology SA is a Luxembourg-based company that offers digital music-streaming services within the Computers - Software & Consulting industry, and it operates in the large-cap market segment.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 4,410 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 237 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 147,028.90 Million (Large Cap)<BR><BR>Key Metrics:<BR>P/E: 92.00 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -1.00 <BR>Return on Equity: 23.47% <BR>Price to Book: 21.79<BR><BR>Contact Details:<BR>Address: 42-44 Avenue de la Gare, LUXEMBOURG None: 1610 <BR>Website: https://www.spotify.com

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Who are in the management team of Spotify Technology SA?

22-Jun-2025

As of March 2022, the management team of Spotify Technology SA includes CEO and Co-Founder Daniel Ek, along with directors Martin Lorentzon, Barry McCarthy, Shishir Mehrotra, Heidi O'Neill, Theodore Sarandos, and Cristina Stenbeck. They are responsible for guiding the company's strategic direction and operations.

As of March 2022, the management team of Spotify Technology SA includes the following individuals:<BR><BR>- Mr. Daniel Ek: Chairman of the Board, Chief Executive Officer, Co-Founder<BR>- Mr. Martin Lorentzon: Co-Founder, Director<BR>- Mr. Barry McCarthy: Director<BR>- Mr. Shishir Mehrotra: Director<BR>- Ms. Heidi O'Neill: Director<BR>- Mr. Theodore Sarandos: Director<BR>- Ms. Cristina Stenbeck: Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

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Is Spotify Technology SA overvalued or undervalued?

20-Sep-2025

As of July 29, 2025, Spotify Technology SA is considered very expensive and overvalued due to its high P/E ratio of 92 and other valuation metrics, despite a strong 1-year stock return of 113.43%.

As of 29 July 2025, the valuation grade for Spotify Technology SA has moved from expensive to very expensive. The company appears to be overvalued based on its high P/E ratio of 92, a Price to Book Value of 21.52, and an EV to EBITDA ratio of 70.80. In comparison, peers such as Alphabet, Inc. and Meta Platforms, Inc. have more favorable valuations with P/E ratios of 27.18 and 26.39, respectively.<BR><BR>Despite its impressive stock performance, with a 1Y return of 113.43% compared to the S&P 500's 17.14%, the high valuation ratios suggest that Spotify may not sustain this growth in the long term. The significant disparity in valuation metrics highlights the risk of overvaluation, reinforcing the conclusion that Spotify Technology SA is currently overvalued.

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Is Spotify Technology SA technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, Spotify Technology SA shows a mildly bullish trend overall, supported by daily moving averages and monthly indicators, despite mixed signals from MACD and recent underperformance compared to the S&P 500.

As of 3 October 2025, the technical trend for Spotify Technology SA has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD remains bullish, indicating mixed signals across time frames. The daily moving averages are mildly bullish, supporting a positive short-term outlook. The Bollinger Bands show a sideways movement weekly but are mildly bullish monthly, suggesting potential for upward movement. The KST is mildly bearish weekly but bullish monthly, and the Dow Theory indicates a mildly bullish stance weekly with no trend monthly. The OBV is bullish weekly, indicating accumulation.<BR><BR>In terms of performance, Spotify has outperformed the S&P 500 year-to-date with a return of 52.06% compared to 14.18%, and over one year, it has returned 83.14% versus 17.82% for the index. However, it has underperformed in the short term, with a -6.62% return over the past week compared to the S&P 500's 1.09%. Overall, the current technical stance is mildly bullish, driven by the daily moving averages and monthly indicators.

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Dashboard
1

Company has a low Debt to Equity ratio (avg) at times

 
2

Healthy long term growth as Net Sales has grown by an annual rate of 17.43%

 
3

The company has declared Positive results for the last 7 consecutive quarters

4

With ROE of 23.47%, it has a fair valuation with a 21.52 Price to Book Value

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Computers - Software & Consulting

stock-summary
Market cap

USD 147,806 Million (Large Cap)

stock-summary
P/E

92.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.97

stock-summary
Return on Equity

20.60%

stock-summary
Price to Book

19.00

Revenue and Profits:
Net Sales:
4,756 Million
(Quarterly Results - Jun 2025)
Net Profit:
-98 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-20.3%
0%
-20.3%
6 Months
-19.98%
0%
-19.98%
1 Year
11.66%
0%
11.66%
2 Years
188.91%
0%
188.91%
3 Years
598.51%
0%
598.51%
4 Years
145.18%
0%
145.18%
5 Years
75.43%
0%
75.43%

Spotify Technology SA for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
17.43%
EBIT Growth (5y)
61.31%
EBIT to Interest (avg)
4.06
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-1.00
Sales to Capital Employed (avg)
2.86
Tax Ratio
21.96%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
70.52%
ROCE (avg)
0
ROE (avg)
5.33%
Valuation key factors
Factor
Value
P/E Ratio
92
Industry P/E
Price to Book Value
21.52
EV to EBIT
75.66
EV to EBITDA
70.80
EV to Capital Employed
-10679.29
EV to Sales
7.95
PEG Ratio
0.07
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
23.47%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 161 Schemes (22.27%)

Foreign Institutions

Held by 440 Foreign Institutions (21.29%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 16.05% vs 18.53% in Jun 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is -133.08% vs 189.75% in Jun 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "4,756.20",
          "val2": "4,098.40",
          "chgp": "16.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "490.00",
          "val2": "318.70",
          "chgp": "53.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "12.50",
          "val2": "11.80",
          "chgp": "5.93%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-477.60",
          "val2": "-65.70",
          "chgp": "-626.94%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-97.60",
          "val2": "295.00",
          "chgp": "-133.08%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "96.80%",
          "val2": "69.90%",
          "chgp": "2.69%",
          "chgp_class": "positive"
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  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 18.38% vs 16.20% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 314.01% vs -27.28% in Dec 2023",
        "dir": 1
      }
    ],
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      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
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          "val2": "14,321.50",
          "chgp": "18.38%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,653.90",
          "val2": "-178.40",
          "chgp": "1,027.07%",
          "chgp_class": "positive"
        },
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          "field": "Interest",
          "val1": "46.50",
          "val2": "53.00",
          "chgp": "-12.26%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-340.70",
          "val2": "-241.10",
          "chgp": "-41.31%",
          "chgp_class": "negative"
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        {
          "field": "Consolidate Net Profit",
          "val1": "1,231.00",
          "val2": "-575.20",
          "chgp": "314.01%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "89.80%",
          "val2": "-24.40%",
          "chgp": "11.42%",
          "chgp_class": "positive"
        }
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    }
  }
]
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
4,756.20
4,098.40
16.05%
Operating Profit (PBDIT) excl Other Income
490.00
318.70
53.75%
Interest
12.50
11.80
5.93%
Exceptional Items
-477.60
-65.70
-626.94%
Consolidate Net Profit
-97.60
295.00
-133.08%
Operating Profit Margin (Excl OI)
96.80%
69.90%
2.69%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is 16.05% vs 18.53% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is -133.08% vs 189.75% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
16,953.30
14,321.50
18.38%
Operating Profit (PBDIT) excl Other Income
1,653.90
-178.40
1,027.07%
Interest
46.50
53.00
-12.26%
Exceptional Items
-340.70
-241.10
-41.31%
Consolidate Net Profit
1,231.00
-575.20
314.01%
Operating Profit Margin (Excl OI)
89.80%
-24.40%
11.42%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 18.38% vs 16.20% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 314.01% vs -27.28% in Dec 2023

stock-summaryCompany CV
About Spotify Technology SA stock-summary
stock-summary
Spotify Technology SA
Computers - Software & Consulting
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and high quality audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries.
Company Coordinates stock-summary
Company Details
42-44 Avenue de la Gare , LUXEMBOURG None : 1610
Registrar Details