Business description: Spotify Technology S.A.

Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.

Number of employees: 7,000

Sales by Activity: Spotify Technology S.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Premium

8.46B 10.25B 11.57B 13.82B 15.35B

Ad-Supported

1.21B 1.48B 1.68B 1.85B 1.84B

Geographical breakdown of sales: Spotify Technology S.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Other Countries

4.98B 5.9B 6.78B 8.04B 10.7B

United States

3.69B 4.71B 5.22B 6.14B 6.47B

Luxembourg

6M 7M 9M 10M 13M

United Kingdom

994M 1.11B 1.23B 1.48B -

Executive Committee: Spotify Technology S.A.

Manager TitleAgeSince
Chief Executive Officer 50 2025-12-31
Chief Executive Officer 50 2025-12-31
Director of Finance/CFO 58 2004-09-15
Investor Relations Contact - 2020-06-30
Comptroller/Controller/Auditor 58 2026-05-25

Composition of the Board of Directors: Spotify Technology S.A.

Director TitleAgeSince
Chairman 43 2006-12-26
Chairman 57 2008-07-20
Director/Board Member 64 2017-06-12
Director/Board Member 65 2017-06-12
Director/Board Member 58 2015-06-15
Director/Board Member 47 2017-06-12
Director/Board Member 61 2017-12-04
Director/Board Member 73 2020-01-07
Director/Board Member 50 2025-12-31
Director/Board Member 50 2025-12-31

Shareholders: Spotify Technology S.A.

NameStocks%Valuation
9.234 %
19,006,383 9.234 % 9 459 M $
8.08 %
16,631,969 8.08 % 8 277 M $
5.827 %
11,993,298 5.827 % 5 969 M $
Eaton Vance Management
4.071 %
8,380,266 4.071 % 4 171 M $
Baillie Gifford & Co.
3.993 %
8,218,203 3.993 % 4 090 M $
NameStocks%Valuation
54.21 %
190,000,000 54.21 % 94 559 M $
34.22 %
119,932,980 34.22 % 59 688 M $
NameStocks%Valuation
Caixa DTVM SA
0.001015 %
8,354 0.001015 % 1 M $
XP Allocation Asset Management Ltda.
0.000005 %
42 0.000005 % 5 267 $

Holdings: Spotify Technology S.A.

NameStocks%Valuation
282,830,69816.47% 1 275 M $

Company details: Spotify Technology S.A.

Spotify Technology SA

Regeringsgatan 19

111 53, Stockholm

+

http://www.spotify.com
address Spotify Technology S.A.(SPOT)

Group companies: Spotify Technology S.A.

NameCategory and Sector
Internet Software/Services
Spotify India LLP
Internet Software/Services

Other Internet Services

Change 5-day change 1-year change 3-year change Capi.($)
-1.26%-1.28%-32.35%+198.77% 98.65B
-2.00%+6.73%-7.33%+37.87% 527B
-2.78%-5.51%-41.07%+66.67% 309B
+0.26%+0.15%-21.86%+68.03% 152B
+6.18%+40.90%+709.77%+2,989.91% 124B
+1.18%-0.21%+9.80%+8.06% 88.21B
-0.28%-0.10%-20.22%+140.23% 83.58B
-0.62%+9.06%-21.91%+33.51% 39.79B
-0.96%+2.84%+9.99%+277.15% 27.91B
+2.23%+1.03%-31.84%-19.85% 23.76B
Average +0.20%+0.39%+55.30%+380.03% 147.32B
Weighted average by Cap. -0.78%+0.91%+42.41%+312.92%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
40
Last Close Price
419.65EUR
Average target price
522.74EUR
Spread / Average Target
+24.56%

Quarterly revenue - Rate of surprise

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