Spotify Technology SA Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
22.3%projected annual EPS growth
Analyst Coverage
39analysts covering
FY Revenue (est.)
$23Bnext fiscal year
FY EPS (est.)
$14.43next fiscal year
Monitoring Framework
Key Performance Indicators
Monthly Active Users (MAUs) Quarterly761MTarget: 778 million
Premium Subscribers Quarterly293MTarget: 299 million
Gross Margin Quarterly33.0%Target: 33.1%
Watch Items
- Average Revenue Per User (ARPU) GrowthTrigger: Flat or negative year-over-year growth in constant currencyAction: Re-evaluate pricing power, subscription tier mix, and promotional plan impacts.
- Operating Income Guidance AchievementTrigger: Operating income falling below ’630 million in Q2 2026Action: Assess impact of Social Charges, FX headwinds, and content cost structures.
Research as of 2 Sep 2026