Added to YB: 2026-05-01
Pitch date: 2026-04-29
SPOT [bullish]
Spotify Technology S.A.
+2.26%
current return
Author Info
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Company Info
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
Market Cap
$78.0B
Pitch Price
$436.69
Price Target
625.00 (+40%)
Dividend
N/A
EV/EBITDA
29.00
P/E
29.43
EV/Sales
4.12
Sector
Entertainment
Category
growth
Spotify 1Q26 Earnings: The Right Thesis at the Wrong Price
SPOT (earnings): Q1 solid - 293M Premium subs held post-price hike, 33% gross margin, €824M FCF - but stock flat YTD as market demands proof. Taste Graph thesis intact (DJ 94M users, SongDNA 52M), but ad rev -5% reported/+3% CC & OpEx rising from AI reinvestment. At $434 (vs $785 high), consensus delivery paths to ~$625; upside if retention/ARPU/conversion metrics prove LTV gains from AI features.
Read full article (6 min)