Added to YB: 2026-08-10
Pitch date: 2026-08-06
SPOT [neutral]
Spotify Technology S.A.
+7.22%
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
$91.3B
Pitch Price
$476.94
Price Target
N/A
Dividend
N/A
EV/EBITDA
31.08
P/E
27.90
EV/Sales
4.68
Sector
Entertainment
Category
growth
Show full summary:
Spotify 2Q26: The Moat Learns to Monetise
SPOT (overview): Q2 proof of margin escape: 300M Premium subs, ARPU +7.4% cc, record 33.4% gross margin, €797M FCF. Mgmt pulling monetization lever over MAU growth (Q3 guide 788M vs 16M added). Audiobooks+ $100M ARR proves usage-based meter. Risks: MLC appeal (~€473M liability + royalty rate reset), weak ads (+3% cc), €200M unproven 2026 spend.
Read full article (6 min)