Spotify Tech Stock Price, News & Analysis

Spotify Technology S.A. (NYSE: SPOT) announced the acquisition of Findaway, a leader in digital audiobook distribution. This strategic move aims to enhance Spotify's presence in the audiobooks market, leveraging Findaway's technology to rapidly scale its audiobook catalog. The collaboration is expected to empower creators and provide innovative experiences for consumers. Findaway will retain its headquarters in Solon, Ohio, under the leadership of CEO Mitch Kroll. The transaction is anticipated to close in Q4 2021, pending regulatory approval.

Spotify Technology S.A. reported strong Q3 results, with revenue of €2,501 million, up 27% year-over-year, and Premium Subscribers growing 19% to 172 million. Monthly Active Users (MAUs) increased by 19% to 381 million. The Advertising Revenue surged 75%, reflecting broad strength across markets, particularly in the U.S. and U.K. Free Cash Flow reached €99 million, showing solid cash generation. The gross margin improved to 26.7%, aided by enhanced podcast content and advertising leverage.

Spotify Technology S.A. (NYSE: SPOT) will release its third quarter 2021 financial results on Wednesday, October 27, 2021, before market open. A Q&A session will follow at 8:00 AM ET, where management will address questions submitted via Slido. As the leading audio streaming service, Spotify boasts over 365 million Monthly Active Users and 165 million Premium Subscribers across 178 markets.

Spotify Technology S.A. (NYSE: SPOT) announced that its Chief Financial Officer, Paul Vogel, will present at the Bank of America Securities 2021 Media, Communications and Entertainment Conference on September 14, 2021, at 2:20 p.m. Eastern Time. The event can be accessed via a live webcast and replay on the Spotify Investor Relations website.

Spotify boasts over 365 million Monthly Active Users and 165 million Premium Subscribers, offering access to more than 70 million tracks and 2.9 million podcasts in 178 markets.

Spotify Technology S.A. (NYSE: SPOT) has approved a stock repurchase program of up to $1 billion, allowing for the buyback of up to 10 million shares. This initiative reflects the company's confidence in its long-term growth opportunities and aligns with its capital allocation strategy. The buyback authorization will remain valid until April 21, 2026. The repurchase will occur based on market conditions and available opportunities, indicating a proactive approach to enhancing shareholder value.

WWE and Spotify's The Ringer announce a multi-year audio content partnership, launching an exclusive audio network. This collaboration will produce original podcasts, including MackMania featuring WWE personalities. The Ringer Wrestling Show will expand with new content and live discussions after major WWE events. Kicking off with SummerSlam in Las Vegas on August 21, the partnership aims to engage WWE's global audience and leverage Spotify's extensive listener base. Spotify has over 365 million monthly users, making it a leading platform for audio entertainment.

Spotify Technology S.A. (NYSE:SPOT) reported Q2 performance showing 22% Y/Y growth in total Monthly Active Users (MAUs), reaching 365 million, despite falling short of guidance mainly due to disruptions from COVID-19 and technical issues. Revenue grew 23% Y/Y to €2,331 million, bolstered by strong advertising and Premium subscribers, which rose 20% Y/Y to 165 million. Free Cash Flow improved to €34 million, although MAUs showed greater variability. The company remains optimistic despite ongoing challenges.

Spotify Technology S.A. (SPOT) will release its Q2 2021 financial results on July 28, 2021, before market open. Management will host a Q&A session at 8:00 AM ET to discuss these results, with questions collected via Slido. Spotify boasts over 356 million Monthly Active Users and 158 million Premium Subscribers, available in 178 markets. The platform features over 70 million tracks and 2.6 million podcast titles, solidifying its position as the leading audio streaming service.

Spotify Technology S.A. (NYSE:SPOT) reported its Q1 2021 results, showcasing a 16% revenue growth year-over-year to €2,147 million, driven by strong subscriber performance and lower FX headwinds. Monthly Active Users (MAUs) rose 24% to 356 million, while Premium Subscribers increased by 21% to 158 million. The Gross Margin stood at 25.5%, reaching the upper limit of guidance. Plans to expand live audio experiences and enhanced podcast offerings were highlighted, including a $1.5 billion Exchangeable Notes offering. The company remains optimistic about future growth despite some regional performance shortfalls.