一级特黄毛片高清免费

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Spotify Technology S.A.

SPOT

Market Cap$145.89B

Close$

Compare to Similar Companies

	P/E Ratio	Dividends	Return on Equity	Price-to-Sales	Debt-to-Equity
Spotify Technology S.A.	156	-	12%	8.8	0.5

Earnings Call Q2 2025

July 29, 2025 - AI Summary

Strong User Growth: Spotify saw significant subscriber growth, adding 8 million net subscribers in Q2 2025, leading to a total of 276 million subscribers. This represents a 12% year-over-year increase, with a notable 30% rise in subscriber net adds for the first half of 2025 compared to the same period in 2024. Monthly Active Users (MAU) grew by 18 million, totaling 696 million.

Revenue Performance and Challenges: Total revenue for Q2 was EUR 4.2 billion, a 15% increase year-over-year when adjusted for currency. However, the Advertising business showed slower-than-expected growth at just 5%, primarily due to operational challenges and impacts from strategic initiatives.

Profitability Outlook and Margin Expansion: Q2 gross margin was reported at 31.5%, showing a year-over-year expansion of approximately 230 basis points. For Q3 2025, the forecast suggests a slight decrease to 31.1% gross margin primarily due to regulatory charges and increased operational expenses. Despite this, the company maintains long-term confidence in achieving full-year margin expansion for 2025.

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$828.33

Target Price by Analysts

17.1% upsideSpotify Technology S.A. Target Price Details

$124.86

Current Fair Value

82.3% downside

Overvalued by 82.3% based on the discounted cash flow analysis.

Share Statistics

Market cap	$145.89 Billion
Enterprise Value	$144.16 Billion
Dividend Yield	$- (-)
Earnings per Share	$5.67
Beta	1.72
Outstanding Shares	205,427,000

Return

Return on Equity	-
Return on Assets	-
Return on Invested Capital	-

Valuation & Multiples

P/E Ratio	156.04
PEG	-118.91
Price to Sales	8.84
Price to Book Ratio	22.1
Enterprise Value to Revenue	8.68
Enterprise Value to EBIT	110.3
Enterprise Value to Net Income	178
Total Debt to Enterprise	0.02
Debt to Equity	0.52

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Spotify Technology S.A.

CEO: Daniel Ek

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