SpotifySPOT
About: Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Employees: 7,691
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
118% more first-time investments, than exits
New positions opened: 220 | Existing positions closed: 101
29% more repeat investments, than reductions
Existing positions increased: 439 | Existing positions reduced: 340
23% more capital invested
Capital invested by funds: $59.7B [Q4 2024] → $73.3B (+$13.6B) [Q1 2025]
15% more funds holding in top 10
Funds holding in top 10: 53 [Q4 2024] → 61 (+8) [Q1 2025]
9% more funds holding
Funds holding: 1,044 [Q4 2024] → 1,139 (+95) [Q1 2025]
7% more call options, than puts
Call options by funds: $3.28B | Put options by funds: $3.08B
1.98% less ownership
Funds ownership: 67.29% [Q4 2024] → 65.31% (-1.98%) [Q1 2025]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
JP Morgan Doug Anmuth | 3%upside $730 | Overweight Maintained | 4 Jun 2025 |
Canaccord Genuity Maria Ripps | 9%upside $775 | Buy Maintained | 20 May 2025 |
Guggenheim Michael Morris | 2%upside $725 | Buy Maintained | 12 May 2025 |
Loop Capital Alan Gould | 23%downside $550 | Hold Maintained | 2 May 2025 |
Baird Vikram Kesavabhotla | 3%upside $730 | Outperform Maintained | 1 May 2025 |
Financial journalist opinion
Based on 29 articles about SPOT published over the past 30 days









