Spotify (SPOT)

Learn everything you need to know about Spotify and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Mar 21, 2023
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About Spotify

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What is Spotify?

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Spotify is a leading player in the digital music industry and offers a streaming service where users can access a large library of music and other audio content. Founded in Stockholm, Sweden, in 2006, it is grown into one of the most popular streaming services in the world.

The Spotify platform can be accessed through various devices, such as smartphones, tablets, computers, and connected speakers. In recent years, the company has expanded its range of products beyond music and now offers audiobooks, podcasts, and other spoken word content.

How does Spotify make money?

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It makes its money primarily through its paid subscription service and by selling adverts on its free version. It also collaborates with music labels and recording artists to create exclusive content like podcasts, concerts, and other live events.

What is Spotify’s best selling service?

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Spotify’s biggest revenue earner is its premium subscription business, which, in 2021, generated €10.4 billion in revenue. This accounted for 92% of the company’s total revenue for the year. Its Ad-supported revenue made €684 million in 2021.

Who are the key executives at Spotify?

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Daniel EK, Spotify’s founder, is its current, Chief Executive Officer and Chairman. Here are a few other key executives working at Spotify.

  • Daniel G. Ek. Founder, CEO & Chairman
  • Alex Norström. Chief Bus. Officer & Co-Pres
  • Gustav Söderström. Co-Pres, Chief Product & Technology Officer
  • Sven Martin Lorentzon. Co-Founder & Director
  • Paul Aaron Vogel. Chief Financial Officer 609.99k
  • Paul Sawyer. Controller & Chief Accounting Officer
  • Bryan Daniel Goldberg. Head of Investor Relations
  • Eve Konstan. Gen. Counsel
  • Dustee Tucker Jenkins. Global Head of Public Affairs
  • Katarina Berg. Chief HR Officer

Where can I buy shares in Spotify?

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You can buy Spotify stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor, you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Spotify?

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The simplest way to invest in Spotify is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

Spotify is part of the NYSE index, so you can invest in an ETF that tracks that index, or choose a technology ETF that lets you own a basket of related stocks from the same industry.

More about the SPOT price

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What is the Spotify stock price today?

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The SPOT stock price today is currently $126.41 as of 21 March, 2023. The price of Spotify is 61.24% in 2023. You can use the live Spotify stock chart to track the NYSE:SPOT price in real time above, or compare the Spotify value today to its past performance using the Spotify financials tab at the top of this page.

What is the 52-week low for Spotify stock?

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The 52-week low for Spotify stock is $69.29. SPOT stock is currently 82.73% above the 52-week low.

What is the 52-week high for Spotify stock?

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The 52-week high for Spotify stock is $160.06 SPOT stock is currently 21.61% below the 52-week high.

What is the stock forecast for Spotify?

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The average Spotify stock forecast has a price target of $132.27 by the end of 2023. Spotify’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.

More stock guides

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FAQs

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How much is Spotify worth?
When did SPOT stock go public?
Who owns the most shares in Spotify?
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Has SPOT stock split?
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Does Spotify pay a dividend?

Latest Spotify news

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Recent Spotify analysis

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.