Added to YB: 2026-08-10
Pitch date: 2026-08-06
SPOT [neutral]
Spotify Technology S.A.
+2.35%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide.
Market Cap
$84.8B
Pitch Price
$476.94
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.67
P/E
25.89
EV/Sales
4.32
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)