Short Squeeze Setup — velZ +0.30 · age 85w×0.45 · 4.18%
Founder-Led — founder/CEO led
About Spotify Technology SA
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. Read full Trend Edge analysis →
Sector: Communication Services
Industry: Internet Content & Information
Exchange: NYSE
IPO Date: April 3, 2018
Headquarters: Regeringsgatan 19, Stockholm, Sweden, 111 53
Founder-Led: Yes — Daniel Ek (Founder & Executive Chairman), Martin Lorentzon (Co-Founder & Director)
Key Metrics
Current Price
$550.03
Market Cap
$109.62B
Float
157.1M
Shares Outstanding
205.6M
P/E (Forward)
37.74
P/E (TTM)
28.97
Price/Sales (TTM)
6.05
vs. Analyst Target
+12.0% to analyst PT
Profit Margin
18.43%
Operating Margin (TTM)
13.71%
Revenue (TTM)
$18.11B
Earnings Growth (YoY)
222.40%
Dividend Rate
None
Analyst Target Price
$616.09 (40 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$7.88B
-$581M
$2.02B
-$544M
2021
$9.67B
-$34.0M
$2.59B
$416M
2022
$11.73B
-$430M
$2.93B
-$158M
2023
$13.25B
-$532M
$3.40B
-$309M
2024
$15.67B
$1.14B
$4.72B
$1.50B
2025
$17.19B
$2.21B
$5.50B
$2.36B
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Sep 2025
$4.27B
$899M
Dec 2025
$4.53B
$1.17B
Mar 2026
$4.53B
$721M
Jun 2026
$5.46B
$623M
Ownership & Float
Insider Ownership
23.5%
Institutional Ownership
69.7%
Short Float
4.1%
% of All Funds Holding
14.01%
Number of Funds Holding
1,232
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$497.12
Near-term / short-term trend
Weekly
40-Week SMA
$505.67
Medium-term trend
Weekly
80-Week SMA
$580.20
Cyclical trend (business cycle)
Weekly
200-Week SMA
$377.19
Secular trend (multi-year)
Monthly
10-Month SMA
$513.31
Near-term monthly trend
Monthly
20-Month SMA
$577.39
Medium-term monthly trend
Monthly
40-Month SMA
$421.12
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$451.00
support
1.14x
2 months ago
$585.00
resistance
1.21x
6 months ago
$766.00
resistance
1.10x
12 months ago
$383.00
support
1.97x
20 months ago
$314.00
support
1.17x
24 months ago
Historical Earnings Reactions (34 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
-0.24%
-0.12%
44.12%
9.75%
-14.55%
1 Day
0.16%
0.14%
50.00%
12.72%
-16.76%
1 Week
1.64%
2.65%
58.82%
25.38%
-15.04%
2 Weeks
1.29%
-0.57%
44.12%
26.10%
-17.04%
1 Month
1.83%
3.28%
57.58%
23.74%
-31.39%
Next earnings: October 23, 2026 (57 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
8.0%
62.5%
8
Feb
1.7%
62.5%
8
Mar
-3.3%
25.0%
8
Apr
-0.8%
37.5%
8
May
5.9%
66.7%
9
Jun
9.4%
77.8%
9
Jul
1.2%
55.6%
9
Aug
1.2%
62.5%
8
Sep
-6.0%
37.5%
8
Oct
4.4%
50.0%
8
Nov
2.5%
37.5%
8
Dec
-1.8%
37.5%
8
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
0.08%
51.9%
397
Tuesday
0.17%
50.7%
434
Wednesday
0.15%
52.4%
431
Thursday
0.01%
51.7%
424
Friday
0.11%
53.9%
423
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 69.7%
Insider Transactions — Smart Summary
Total insider ownership: 23.5%
Founder-led management: Daniel Ek (Founder & Executive Chairman), Martin Lorentzon (Co-Founder & Director)
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