Spotify Reports Strong User Growth and Earnings Beat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Should l Buy SPOT?
Source: Benzinga
Spotify's stock fell 5.01% as it crossed below the 20-day SMA, despite positive market conditions with the Nasdaq-100 and S&P 500 both up.
The company reported a significant increase in monthly active users, reaching 751 million in Q4 2025, surpassing estimates. Additionally, Spotify's earnings per share of €4.43 exceeded expectations of €2.74, with revenue slightly above forecasts at €4.53 billion. This strong performance, particularly in ad-supported users, indicates robust demand and market leadership.
Despite the stock's decline, the strong user growth and financial performance suggest a solid foundation for future growth, with expectations of reaching 759 million users in 2025.
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Analyst Views on SPOT
Wall Street analysts forecast SPOT stock price to rise
21 Analyst Rating
15 Buy
6 Hold
0 Sell
Moderate Buy
Current: 530.260
Low
525.00
Averages
750.79
High
900.00
Current: 530.260
Low
525.00
Averages
750.79
High
900.00
About SPOT
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. Its 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 audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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