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

846Cr 1.03TCr 1.16TCr 1.38TCr 1.54TCr

Ad-Supported

120.8Cr 147.6Cr 168.1Cr 185.4Cr 183.6Cr

Geographical breakdown of sales: Spotify Technology S.A.

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

Other Countries

497.6Cr 589.5Cr 678.3Cr 804.4Cr 1.07TCr

United States

369.2Cr 471.2Cr 522.5Cr 613.6Cr 647Cr

Luxembourg

60L 70L 90L 1Cr 1.3Cr

United Kingdom

99Cr 111.3Cr 123Cr 148.3Cr -

Executive Committee: Spotify Technology S.A.

Manager TitleAgeSince
Chief Executive Officer 50 01/01/2026
Chief Executive Officer 50 01/01/2026
Director of Finance/CFO 58 16/09/2004
Investor Relations Contact - 01/07/2020
Comptroller/Controller/Auditor 58 26/05/2026

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

Director TitleAgeSince
Chairman 43 27/12/2006
Chairman 57 21/07/2008
Director/Board Member 64 13/06/2017
Director/Board Member 65 13/06/2017
Director/Board Member 58 16/06/2015
Director/Board Member 47 13/06/2017
Director/Board Member 61 05/12/2017
Director/Board Member 73 08/01/2020
Director/Board Member 50 01/01/2026
Director/Board Member 50 01/01/2026

Shareholders: Spotify Technology S.A.

NameStocks%Valuation
9.234 %
1,90,06,383 9.234 % 9 459 M $
8.08 %
1,66,31,969 8.08 % 8 277 M $
5.827 %
1,19,93,298 5.827 % 5 969 M $
Eaton Vance Management
4.071 %
83,80,266 4.071 % 4 171 M $
Baillie Gifford & Co.
3.993 %
82,18,203 3.993 % 4 090 M $
NameStocks%Valuation
54.21 %
19,00,00,000 54.21 % 94 559 M $
34.22 %
11,99,32,980 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
28,28,30,69816.47% 1 186 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.($)
+0.01%-1.26%-32.34%+189.43% 9.87TCr
-0.56%+6.12%-7.85%+34.59% 53TCr
+0.63%-4.92%-40.70%+66.27% 31TCr
-0.38%-0.23%-22.15%+66.80% 15TCr
-17.60%+16.10%+567.24%+2,432.17% 12TCr
-0.15%+6.73%-18.44%+27.67% 9.57TCr
-1.54%-1.75%+8.11%+6.79% 8.82TCr
-1.17%-1.27%-21.16%+135.23% 8.36TCr
-0.62%+9.06%-21.91%+28.58% 3.98TCr
-1.54%+1.26%+8.30%+268.00% 2.79TCr
Average -2.34%+0.11%+41.91%+325.55% 15.45TCr
Weighted average by Cap. -1.81%+0.59%+28.07%+253.21%
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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