Spotify (SPOT)
Communication Services · Digital audio streaming and podcasting
Global music and podcast streaming platform with 600+ million users generating premium subscriptions and ad-supported content monetization.
What Spotify does
Spotify is a leading digital music and podcast streaming service that operates on a freemium model, offering both ad-supported free tiers and premium subscription plans to listeners worldwide. The company generates revenue primarily from premium subscription fees and advertising placements across music and podcast content. With a vast catalog of licensed music and exclusive podcast partnerships, Spotify connects millions of listeners to artists globally while maintaining profitability through its diversified revenue streams.
Themes: ["Music streaming"]
Fundamentals
- Price$485.88 as of 2026-07-09 close
- Market cap$98.6B as of 2026-07-10
- 1-year return-32.7% as of 2026-07-09 close
- P/E31.87 as of 2026-07-10
- Net margin+15.4% as of 2026-07-10
- Gross margin+32.3% as of 2026-07-10
- ROE+35.2% as of 2026-07-10
- Debt / equity0.05 as of 2026-07-10
- Revenue growth (YoY)+8.0% as of 2026-07-10
- Beta1.60 as of 2026-07-10
Key risks (from latest filing)
["Dependency on music licensing agreements with record labels, which can increase costs and constrain margins"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.