Spotify Technology Option Alert: Dec, 2027 $600 Calls Sweep (9) near the midpoint: 38 vs 19 OI

Spotify Technology Option Alert: Dec, 2027 $600 Calls Sweep (9) near the midpoint: 38 @ $201.224 vs 19 OI; Ref=$631.75

Spotify Technology Option Alert: Dec 19 $660 Calls Sweep (4) near the Ask: 100 vs 425 OI

Spotify Technology Option Alert: Dec 19 $660 Calls Sweep (4) near the Ask: 100 @ $56.0 vs 425 OI; Ref=$630.81

Spotify Technology Option Alert: Dec 19 $660 Calls Sweep (81) near the Bid: 262 vs 425 OI

Spotify Technology Option Alert: Dec 19 $660 Calls Sweep (81) near the Bid: 262 @ $56.001 vs 425 OI; Ref=$630.83

Spotify Technology Option Alert: Jun 18 $880 Puts at the Bid: 37 vs 38 OI; Earnings 7/29 Before Open 

Spotify Technology Option Alert: Jun 18 $880 Puts at the Bid: 37 @ $260.55 vs 38 OI; Earnings 7/29 Before Open Ref=$632.5325

Spotify Technology Option Alert: Dec 19 $660 Calls Sweep (10) near the Bid: 206 vs 18 OI; Earnings 7/29 Before Open 

Spotify Technology Option Alert: Dec 19 $660 Calls Sweep (10) near the Bid: 206 @ $55.5 vs 18 OI; Earnings 7/29 Before Open Ref=$625.0

Spotify Technology Option Alert: Mar 20 $680 Calls Sweep (5) near the Bid: 77 vs 105 OI; Earnings 7/29 Before Open 

Spotify Technology Option Alert: Mar 20 $680 Calls Sweep (5) near the Bid: 77 @ $72.2 vs 105 OI; Earnings 7/29 Before Open Ref=$630.04

Spotify Technology Option Alert: Jan 16 $640 Calls at the Bid: 96 vs 86 OI; Earnings 7/29 Before Open 

Spotify Technology Option Alert: Jan 16 $640 Calls at the Bid: 96 @ $72.85 vs 86 OI; Earnings 7/29 Before Open Ref=$628.93

Spotify Technology Option Alert: Aug 15 $670 Puts at the Bid: 250 vs 186 OI

Spotify Technology Option Alert: Aug 15 $670 Puts at the Bid: 250 @ $24.55 vs 186 OI; Ref=$698.275

Spotify Technology Option Alert: Dec, 2026 $700 Calls Sweep (13) near the Ask: 30 vs 60 OI

Spotify Technology Option Alert: Dec, 2026 $700 Calls Sweep (13) near the Ask: 30 @ $166.939 vs 60 OI; Ref=$698.881

Spotify Technology Option Alert: Jan 16 $640 Puts at the Bid: 100 vs 50 OI

Spotify Technology Option Alert: Jan 16 $640 Puts at the Bid: 100 @ $54.3 vs 50 OI; Ref=$695.66

Spotify Technology (NYSE:SPOT) Azioni

Spotify Technology

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.

Wall Street analysts rerated Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) after the company&#8217;s quarterly results. The stock gained on Wednesday.
Spotify posted a loss of 48 cents per share <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46684547/spotify-user-base-grows-but-profitability-concerns-linger" rel="noreferrer noopener">for the second quarter</a>, a considerable deviation from the analyst&nbsp;consensus estimate of a $2.11 profit.
Missed revenue projections compounded this earnings shortfall. Quarterly sales&nbsp;reached $4.75 billion&nbsp;(4.19 billion euros), marking a 10% year-over-year increase but falling short of the analyst projection of $4.84 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46699654/why-spotifys-latest-results-look-worse-than-they-are" rel="noreferrer noopener">Why Spotify&#8217;s Latest Results Look Worse Than They Are</a>
Despite these operational successes, Spotify&#8217;s third-quarter 2025 revenue outlook fell short of market expectations. The company forecasts revenue of $4.95 billion (4.2 billion euros), below the&nbsp;analyst consensus of $5.15 billion.
<h2 class="wp-block-heading">Analyst Reaction</h2>
<ul class="wp-block-list">
<li>Rosenblatt analyst Barton Crockett maintained Spotify <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings" target="_blank" rel="noreferrer noopener">with a Neutral</a> rating and lowered the price target from $703 to $679.</li>
<li>Keybanc analyst Justin Patterson maintained Spotify with an Overweight rating and lowered the price target from $860 to $830.</li>
<li>Benchmark analyst Mark Zgutowicz maintained Spotify with a Buy and lowered the price target from $840 to $800.</li>
<li>Bank of America Securities analyst Jessica Reif Ehrlich maintained Spotify with a Buy and a price target of $900.</li>
</ul>
Rosenblatt: Crockett saw Spotify&#8217;s second-quarter 2025 results as mixed. On the positive side, the platform added 8 million Premium Subscribers (to 276 million) and 18 million Monthly Active Users (to 696 million), both well ahead of expectations.
However, revenue of 4.19 billion euros fell short of the 4.3 billion euros guidance, mainly due to foreign exchange impacts and higher-than-expected social charges tied to stock appreciation.
Operating income reached 406 million euros, below the 539 million euros forecast.
ARPU growth was softer than expected and is projected to remain flat in the third quarter as Spotify&#8217;s subscriber mix shifts toward lower-priced markets.
The analyst trimmed estimates slightly and lowered the price target based on a 35 times 2026 EV/EBITDA multiple.
Spotify guided for 5 million new subscribers and 4.2 billion euros in third-quarter revenue, again below consensus. Ad revenue grew 4.6% Y/Y in constant currency, missing estimates, but management noted ad growth could have reached 10% if not for cuts to unprofitable podcast deals.
Despite current softness, Crockett remained optimistic about long-term ad potential and expected pricing power, new content formats (like video podcasts and audiobooks), and share buybacks ($1.9 billion authorized) to support growth ahead.
Keybanc: Patterson stated Spotify as an increasingly attractive stock heading into 2026, supported by strong Premium Subscriber (+12% Y/Y) and MAU growth (+11% Y/Y), healthy pricing power, and the potential for ad revenue normalization.
While second-quarter revenue (4.19 billion euros) fell short due to FX headwinds and higher-than-expected social charges, core user metrics exceeded estimates, signaling solid product engagement, he noted.
The analyst trimmed 2025–2027 revenue and profit estimates due to weaker ad trends and FX, lowering the price target.
Still, Spotify&#8217;s large addressable market, expanding content portfolio (including audiobooks and video), and growing free cash flow—projected to double by 2027—support a favorable long-term outlook, Patterson noted.
While ad-supported execution remains a concern in 2025, the analyst expects reacceleration by 2026 as product upgrades gain traction.
Benchmark: Zgutowicz attributed Spotify&#8217;s recent stock dip to weak implied ARPU guidance and soft ad performance in the second-quarter.
While third-quarter premium ARPU is expected to be flat Y/Y due to lapping prior price hikes and geographic/product mix shifts, the analyst noted that modest sequential ARPU gains are anticipated in fourth-quarter.
He said that gross margin guidance (31.1%) came in slightly below consensus but aligned with expectations due to a known regulatory charge.
Ad-supported revenue declined 0.7% Y/Y, but adjusting for FX and the shift away from exclusive podcasts, growth was closer to 10%, Zgutowicz noted. Management acknowledged the need to accelerate ad monetization efforts, particularly through its Spotify Ad Exchange (SAX), which is expected to drive gains starting in 2026, he said.
The analyst lowered the 2025 revenue and earnings estimates, primarily due to FX and cautious ad outlooks, and trimmed the price target. Still, he remained bullish on long-term upside driven by pricing levers, podcast margin expansion, and a future Supremium tier.
Bank of America Securities: Spotify delivered a solid second-quarter, with monthly active users and subscribers exceeding forecasts and gross margin aligning with expectations, though revenue slightly missed due to FX headwinds, Ehrlich stated.
The analyst noted the stock&#8217;s pullback was driven by soft third-quarter gross margin guidance (31.1%), flat constant-currency ARPU growth, and ongoing ad monetization challenges.
Despite this, she remained bullish on Spotify&#8217;s long-term outlook, citing strong engagement, significant pricing power, and multiple monetization levers including new pricing tiers, better ad infrastructure, and growing audiobook and video businesses.
While 2025 is expected to be a transitional year for advertising, Ehrlich anticipated a reacceleration in 2026. Forecasts were modestly lowered for revenue and operating income, but free cash flow projections were raised to 2.88 billion euros. Ehrlich viewed the dip as a buying opportunity.
Price Action: SPOT stock traded higher by 5.06% to $651.40 on Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46687494/on-semiconductor-jumps-after-nvidia-deal-is-this-the-next-big-ai-power-play" target="_blank" rel="noreferrer noopener">ON Semiconductor Jumps After Nvidia Deal—Is This The Next Big AI Power Play?</a></li>
</ul>
Photo Courtesy: Shutterstock

Analyst Color

News

Price Target

Reiteration

Analyst Ratings

Movers

Trading Ideas

SPOT

Spotify's Subscriber Boom Can't Hide Ad Woes: Analyst

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Bernstein raised Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) price target from $79 to $88. Bernstein analyst Alexia Howard maintained an Outperform rating. Mondelez shares closed at $69.71 on Tuesday. <a href="https://www.benzinga.com/quote/mdlz/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Macquarie increased the price target for MARA Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) from $19 to $26. Macquarie analyst Paul Golding maintained an Outperform rating. MARA Holdings shares closed at $16.61 on Tuesday. <a href="https://www.benzinga.com/quote/mara/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) price target from $110 to $112. Citigroup analyst Andrew Kaplowitz maintained a Neutral rating. Johnson Controls shares closed at $103.24 on Tuesday. <a href="https://www.benzinga.com/quote/JCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital raised the price target for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from $100 to $115. BMO Capital analyst Andrew Strelzik maintained an Outperform rating. Starbucks shares closed at $92.96 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital increased the price target for DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) from $180 to $215. Loop Capital analyst Anthony Chukumba maintained a Hold rating. DICK&#8217;S Sporting shares closed at $214.79 on Tuesday. <a href="https://www.benzinga.com/quote/DKS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays increased Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) price target from $77 to $82. Barclays analyst Jeffrey Bernstein maintained an Overweight rating. Sysco shares settled at $78.38 on Tuesday. <a href="https://www.benzinga.com/quote/SYY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities increased Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) price target from $6,100 to $6,700. B. Riley Securities analyst Naved Khan maintained a Buy rating. Booking shares closed at $5,590.77 on Tuesday. <a href="https://www.benzinga.com/quote/BKNG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised Armstrong World Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWI#NYSE">AWI</a>) price target from $175 to $195. Truist Securities analyst Keith Hughes maintained a Buy rating. Armstrong World shares closed at $184.66 on Tuesday.  <a href="https://www.benzinga.com/quote/AWI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $850 to $800. Morgan Stanley analyst Manan Gosalia maintained an Overweight rating. Spotify shares settled at $620.01 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush increased Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) price target from $235 to $250. Wedbush analyst Scott Devitt maintained an Outperform rating. Amazon shares closed at $231.01 on Tuesday. <a href="https://www.benzinga.com/quote/amzn/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying AMZN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="593" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30142218/image-480-1024x593.png" alt="" class="wp-image-1007658" style="width:629px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30142218/image-480-1024x593.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30142218/image-480-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30142218/image-480-768x445.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30142218/image-480.png 1082w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46684052/jim-cramer-prefers-this-financial-stock-over-brighthouse-financial">Jim Cramer Prefers This Financial Stock Over Brighthouse Financial</a></li>
</ul>
Photo via Shutterstock

Markets

AMZN

BKNG

MARA

MDLZ

SBUX

Amazon To Rally More Than 8%? Here Are 10 Top Analyst Forecasts For Wednesday

Barclays analyst Kannan Venkateshwar maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and lowers the price target from $800 to $750.

Barclays Maintains Overweight on Spotify Technology, Lowers Price Target to $750

Morgan Stanley analyst Manan Gosalia maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and lowers the price target from $850 to $800.

Morgan Stanley Maintains Overweight on Spotify Technology, Lowers Price Target to $800

UBS analyst Batya Levi maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and lowers the price target from $895 to $850.

UBS Maintains Buy on Spotify Technology, Lowers Price Target to $850

Benchmark analyst Mark Zgutowicz maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and lowers the price target from $840 to $800.

Benchmark Maintains Buy on Spotify Technology, Lowers Price Target to $800

Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and lowers the price target from $860 to $830.

Keybanc Maintains Overweight on Spotify Technology, Lowers Price Target to $830

On CNBC's &#8220;<a href="https://www.cnbc.com/halftime/">Halftime Report Final Trades</a>,&#8221; Hightower Advisors&#8217; Stephanie Link said Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) is expected to report a great quarter on Wednesday, July 30.
Lending support to her choice, Roth Capital analyst Justin Clare, on Tuesday, maintained Vertiv with a Buy and raised the price target from $100 to $157.
<ul class="wp-block-list">
<li> Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.</li>
</ul>
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is <a href="https://www.benzinga.com/quote/SPOT/earnings">getting overdone</a>.
On Tuesday, shares of the company fell sharply following downbeat quarterly results. For the second quarter, Spotify posted a loss of 48 cents per share, a considerable deviation from the analyst consensus estimate of a $2.11 profit. Missed revenue projections compounded this earnings shortfall. Quarterly sales reached $4.75 billion (4.19 billion euros), marking a 10% year-over-year increase but falling short of the analyst projection of $4.84 billion.
Kevin Simpson, Capital Wealth Planning founder and CIO, said International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is down post earnings. The company increased its full-year free cash flow guidance and reaffirmed revenue outlook, he noted.
On July 24, IBM announced that its second-quarter earnings per share stood at $2.80, exceeding the consensus estimate of $2.64. The company's quarterly revenue also outperformed, reaching $16.977 billion compared to the anticipated $16.576 billion.
Joseph M. Terranova, Senior Managing Director for Virtus Investment Partners, said Welltower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) reported excellent earnings.
On Monday, Welltower reported better-than-expected second-quarter financial results, raised its FY25 FFO guidance above estimates, and increased its quarterly dividend from 67 cents per share to 74 cents per share.
Price Action:
<ul class="wp-block-list">
<li>Spotify shares dipped 11.6% to close at $620.01 on Tuesday.</li>
<li>Wynn Resorts shares gained 1.7% to close at $111.27 during the session.</li>
<li>Vertiv shares gained 0.1% to close at $142.70.</li>
<li>Welltower shares surged 4.9% to settle at $165.96 on Tuesday.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46684052/jim-cramer-prefers-this-financial-stock-over-brighthouse-financial"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46684052/jim-cramer-prefers-this-financial-stock-over-brighthouse-financial">Jim Cramer Prefers This Financial Stock Over Brighthouse Financial</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

WELL

Vertiv, Spotify, Wynn Resorts And A Real Estate Stock: CNBC's 'Final Trades'

Rosenblatt analyst Barton Crockett maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Neutral and lowers the price target from $703 to $679.

Rosenblatt Maintains Neutral on Spotify Technology, Lowers Price Target to $679

On Tuesday, Spotify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NASDAQ">SPOT</a>) executives addressed concerns over pricing strategy during the company's <a href="https://www.benzinga.com/markets/earnings/25/07/46684547/spotify-user-base-grows-but-profitability-concerns-linger">second-quarter 2025 earnings</a> call.
What Happened: During the call, analyst Rich Greenfield questioned why Spotify doesn't raise subscription prices more quickly in developed markets, especially when platforms like Comcast Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Peacock have done so despite lower engagement.
Spotify Chief Business Officer Alex Norström responded by stressing the company's "value-to-price" approach.
We've "always put subscribers on a pedestal," he said. "We've raised prices recently and seen very strong retention … We will use [pricing] again when we feel it's appropriate for the business."
He added that pricing decisions are made on a market-by-market basis depending on engagement levels and perceived value. "We take a portfolio approach," Norström said. "Even developed markets are different from one to the other."
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46668016/metas-strong-revenues-may-offset-concerns-over-soaring-ai-investments-analyst" target="_blank" rel="noreferrer noopener">Meta's Strong Revenues May Offset Concerns Over Soaring AI Investments: Analyst</a>
Spotify CEO Daniel Ek reinforced the strategy, saying, "The biggest thing to realize as you&#8217;re operating a subscriber service at scale is really managing for retention…[it's] a lot better to keep the customer around for a longer time than to lose the customer and then try to reacquire the customer."
Why It's Important: Spotify reported a second-quarter loss of $0.48 per share, <a href="https://www.benzinga.com/earnings">missing expectations</a> of a $2.11 profit and posted $4.75 billion in revenue—up 10% year-over-year but below the projected $4.84 billion.
Here&#8217;s a comparison of the latest U.S. price hikes for individual plans across major music streaming platforms — Spotify, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Music, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Music Unlimited and YouTube Music, a subsidiary of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google:
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-left" data-align="left">Service</td>
<td>Date of Last Hike</td>
<td class="has-text-align-left" data-align="left">Old Price</td>
<td>New Price</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">Spotify</td>
<td>June 2024</td>
<td class="has-text-align-left" data-align="left">$10.99</td>
<td>$11.99</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">Apple Music</td>
<td>October 2022</td>
<td class="has-text-align-left" data-align="left">$9.99</td>
<td>$10.99</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">Amazon Music</td>
<td>March 2025&#x2A;</td>
<td class="has-text-align-left" data-align="left">$10.99</td>
<td>$11.99</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">YouTube Music</td>
<td>July 2023</td>
<td class="has-text-align-left" data-align="left">$9.99</td>
<td>$10.99</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">&#x2A;The updated Amazon Music Unlimited prices took effect for new subscribers on Jan. 29 and existing U.S. subscribers on March 5, 2025.</figcaption></figure>
Price Action: On Tuesday, Spotify shares dropped sharply by 11.55% in regular trading, but edged up 0.16% after hours, according to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0717">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings show that SPOT maintains strong momentum across short, medium and long-term periods. While the stock has a solid growth score, its value rating remains relatively weak. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30005055/Screenshot-2025-07-30-at-10.17.54%E2%80%AFAM.png" alt="" class="wp-image-1006259" /></a></figure>
Read Next
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/06/45852024/apples-liquid-glass-interface-set-to-revolutionize-ios-26-hints-at-20th-anniversary-iphone" target="_blank" rel="noreferrer noopener">Apple's Liquid Glass Interface Set To Revolutionize iOS 26, Hints At 20th Anniversary iPhone</a></li>
</ul>
Photo Courtesy: Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

CMCSA

GOOG

GOOGL

Why Spotify Won't Raise Prices Like Peacock: CEO Explains The 'Pedestal' Strategy

Wells Fargo analyst Steven Cahall maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $740 to $750.

Wells Fargo Maintains Overweight on Spotify Technology, Raises Price Target to $750

Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) <a target="_blank" href="https://www.benzinga.com/topic/spotify" rel="noreferrer noopener">saw its stock</a> drop sharply on Tuesday after it released its second-quarter 2025 results. Despite strong user growth, the company missed earnings and revenue expectations and issued a cautious forecast, which shook investor confidence.
Wall Street analysts rerated the stock after the quarterly results. JP Morgan analyst Doug Anmuth reiterated an <a target="_blank" href="https://www.benzinga.com/quote/SPOT/analyst-ratings" rel="noreferrer noopener">Overweight rating</a> on Spotify, suggesting continued confidence in the company&#8217;s long-term prospects despite the near-term headwinds.
Similarly, Goldman Sachs analyst Eric Sheridan maintained a Buy rating, underscoring his positive outlook with a reaffirmed price forecast of $775.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46684547/spotify-user-base-grows-but-profitability-concerns-linger" rel="noreferrer noopener">Spotify User Base Grows, But Profitability Concerns Linger</a>
While these endorsements from analysts indicate underlying belief in Spotify&#8217;s business model, the immediate market reaction highlights the Street&#8217;s sensitivity to financial performance deviations.
<h2 class="wp-block-heading">JP Morgan&#8217;s Perspective</h2>
Anmuth noted Spotify is executing well on its medium-term financial targets of achieving 30-40% gross margins and 10%+ operating margin.
The analyst credited product optimizations and effective marketing for driving solid growth in both users and premium subscribers, while Spotify continues to invest in its core offerings, including audiobooks, video podcasts, and music.
However, second-quarter results and third-quarter guidance were mixed, he noted. Spotify delivered stronger-than-expected MAUs and premium subscriber growth, but foreign exchange (FX) headwinds and social charges weighed on revenue, gross margin, and operating income, Anmuth said.
The analyst said the company posted a second-quarter gross margin of 31.5%, which was in line with both guidance and consensus. But he noted that its third-quarter gross margin forecast of 31.1% came in slightly below JPMorgan&#8217;s 31.3% estimate, factoring in a ~40bps regulatory charge.
Spotify guided for third-quarter FX-neutral revenue growth of 10%, signaling a ~500bps deceleration, though that figure may not reflect potential price increases, Anmuth noted. Notably, Spotify doubled its share buyback authorization to $2 billion. He will watch to see whether this marks a shift toward more consistent capital returns or remains opportunistic.
In the second quarter, Spotify generated 700 million euros in free cash flow, beating JPMorgan&#8217;s 641 million euros estimate, and delivered operating income of 406 million euros. This included 116 million euros in social charges but still fell short of management&#8217;s 539 million euros forecast. JPMorgan and consensus estimates stood at 457 million euros and 490 million euros, respectively.
On the user side, Spotify added 18 million MAUs in the second quarter, bringing the total to 696 million, above the 689 million guidance. Strong marketing campaigns and favorable competitive dynamics supported this growth across all regions. Premium subscribers rose to 276 million, 8 million net additions, beating the company&#8217;s guidance of 273 million.
Revenue for the quarter came in at 4.19 billion euros, up 15% FX-neutral year-over-year, but below both management&#8217;s guidance of 4.3 billion euros and JPMorgan&#8217;s 4.27 billion euros estimate. FX headwinds were much stronger than expected, around 440bps compared to the 170bps the company had projected. Premium revenue grew 16% FX-neutral, driven by a 12% increase in subscribers and a 3% rise in ARPU. Advertising revenue increased 5% FX-neutral, slightly below the 6% JPMorgan had expected.
Spotify guided for third-quarter MAUs of 710 million and premium subscribers of 281 million, ahead of JPMorgan and consensus estimates. However, revenue guidance of 4.2 billion euros fell short of the 4.5 billion euros estimate, again reflecting significant FX pressure (~490bps) and indicating another ~500bps slowdown in FX-neutral revenue growth.
Spotify expects a third-quarter gross margin of 31.1% and operating income of 485 million euros, below JPMorgan&#8217;s forecasts of 31.3% and 524 million euros, respectively. The outlook embeds another 25 million euros of headwind from social charges. Overall, while user growth remains a strength, Anmuth closely watched for improvements in revenue momentum, cost structure, and long-term margin execution.
<h2 class="wp-block-heading">Goldman Sachs&#8217; Take</h2>
Sheridan expects a mixed to slightly negative market reaction to Spotify&#8217;s second-quarter 2025 results. The analyst noted that the company reported revenue and operating profit below its prior guidance, while gross margin landed in line with expectations.
He attributed the shortfall to an unfavorable revenue mix, higher-than-expected FX headwinds, and elevated social charges, driven in part by stock price appreciation. Despite these headwinds, Spotify continued to show strong user growth, signaling that external factors had more impact than weak business fundamentals, Sheridan noted.
The analyst noted that this quarter&#8217;s results reflect a continuation of Spotify&#8217;s 2025 strategy, prioritizing long-term growth investments over margin expansion after a strong margin performance in 2024.
He also highlighted Spotify&#8217;s newly authorized $1 billion share buyback, on top of the remaining $896 million from a previous program.
On the earnings call, Sheridan will watch for clarity on pricing strategy, gross margin outlook, and Spotify&#8217;s ability to balance growth investments with operating efficiency.
Price Action: SPOT stock is trading lower by 11.6% to $619.96 at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46636565/apple-faces-existential-threat-if-it-fails-to-act-on-genai" target="_blank" rel="noreferrer noopener">Apple Faces Existential Threat If It Fails To Act On GenAI</a></li>
</ul>
Photo via Shutterstock

Why Spotify's Latest Results Look Worse Than They Are

Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of <a href="https://www.benzinga.com/markets/earnings/25/07/46693997/wall-street-earnings-preview-microsoft-apple-meta-amazon-mastercard-visa">earnings and macro events.</a>
<ul class="wp-block-list">
<li>MAGS ETF is up 50% since April&#8217;s tariff-driven low. <a href="https://www.benzinga.com/quote/MAGS">Track it now here.</a></li>
</ul>
Roughly $19.5 trillion in market value — led by four Magnificent Seven names: Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) — is set to report earnings by Thursday after market close.
Meanwhile, the Federal Reserve is widely expected to keep rates steady at 4.25%-4.5% on Wednesday, though growing market chatter points to possible dissent in favor of early cuts.
A 90-day extension of the U.S.-China trade truce remains on the table, said U.S. Secretary of Commerce Howard Lutnick.
Attention will then shift to Thursday's heavy macro lineup, including second-quarter GDP growth estimates and June's PCE inflation data, followed by July's jobs report on Friday — key inputs for the Fed's next move.
By midday in New York, the S&amp;P 500 slipped 0.1%, the Dow Jones Industrial Average declined 0.4%, and the Russell 2000 shed 0.7%. The Nasdaq 100 remained flat.
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) surged past $175, breaching a major technical level and marking highs not seen since July 2014, making it one of the day's top tech performers. 
Shares of AMD have now rallied by 134% since April&#8217;s tariff-driven lows, outperforming NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&#8217;s 105% gain during the same period.
The U.S. dollar extended its rally, on pace for a fourth consecutive gain after Monday's sharp move.
In commodities, oil prices stayed hot. WTI crude rose 1.6% to $67.75 per barrel, extending Monday's 2.4% jump and hitting a two-week high. Precious metals traded sideways as dollar strength continued to limit upside momentum.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down 1% to $117,000, logging a second straight daily decline.
<h2 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>23,364.69</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,380.21</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,657.34</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,241.90</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:20 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) was down 0.092% to $584.90.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) slipped 0.4% to $446.42.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;flattened at $567.97.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.8% to $222.45.</li>
<li>The&nbsp;Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) underperformed, down 1.3%; the&nbsp;Real Estate&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, up 1.3%.</li>
</ul>
<h2 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) plunged 22.5% after the Danish pharma giant slashed guidance on its blockbuster Wegovy weight-loss drug, while also <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46688728/novo-nordisk-weight-loss-stock-eli-lilly-wegovy-ozempic">announcing a new CEO.</a></li>
<li>Sarepta Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) surged more than 20% after announcing that the U.S. Food and Drug Administration signaled it could resume shipments of Elevidys.</li>
</ul>
Stocks reacting to quarterly results included:
<ul class="wp-block-list">
<li>Procter &amp; Gamble Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) flat at 0.0%</li>
<li>UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) down 5.1%</li>
<li>Merck &amp; Co., Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) down 3.3%</li>
<li>Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) down 3.0%</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) down 11.8%</li>
<li>American Tower Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) down 3.0%</li>
<li>Royal Caribbean Cruises Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) down 5.0%</li>
<li>United Parcel Service, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) down 9.7%</li>
<li>Ecolab Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) down 4.7%</li>
<li>PayPal Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) down 9.3%</li>
<li>Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) down 6.9%</li>
<li>Norfolk Southern Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) down 3.5%</li>
<li>Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) down 11.0%</li>
<li>Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) up 13.2%</li>
<li>CBRE Group, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) up 9.1%</li>
<li>Sysco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) down 2.5%</li>
<li>DTE Energy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) up 0.2%</li>
<li>SoFi Technologies, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) up 14.0%</li>
<li>Hubbell Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) down 2.6%</li>
<li>Incyte Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) up 8.6%</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) down 8.4%</li>
<li>PJT Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>) down 2.0%</li>
<li>Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) up 12.2%</li>
<li>JetBlue Airways Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) up 4.9%</li>
</ul>
Stocks scheduled to report earnings after Tuesday's close include BXP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>), Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Essex Property Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), Exelixis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>), Regency Centers Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Republic Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>), Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Teradyne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), The Cheesecake Factory Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>), Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) and Red Rock Resorts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>).
Read Now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/forex/25/07/46673546/us-eu-trade-deal-dollar-surge-trump">Trump&#8217;s Charm Offense In Europe Unleashes Dollar Thunder</a> Photo: Shutterstok<a href="https://www.benzinga.com/markets/forex/25/07/46673546/us-eu-trade-deal-dollar-surge-trump"> </a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Government

Large Cap

Broad U.S. Equity ETFs

Commodities

Economics

Federal Reserve

Tech

ETFs

$BTC

CAKE

CARR

CBRE

SPDR Dow Jones Industrial Average ETF Trust

EXEL

FRSH

HUBB

INCY

JBLU

MSFT

NVDA

PYPL

QRVO

SOFI

SRPT

XLRE

AMD Rises To 1-Year Highs, Crude Eyes $68: What's Moving Markets Tuesday?

CNBC Halftime Report Final Trades: Spotify Technology, International Business Machines, Vertiv Holdings. Welltower

Financial giants have made a conspicuous bearish move on Spotify Technology. Our analysis of options history for Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) revealed 83 unusual trades.
Delving into the details, we found 28% of traders were bullish, while 51% showed bearish tendencies. Out of all the trades we spotted, 41 were puts, with a value of $2,491,840, and 42 were calls, valued at $5,397,469.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $1060.0 for Spotify Technology, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Spotify Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Spotify Technology's substantial trades, within a strike price spectrum from $300.0 to $1060.0 over the preceding 30 days.
<h3>Spotify Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753808475_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$55.55</td>
<td>$55.5</td>
<td>$55.5</td>
<td>$660.00</td>
<td>$1.1M</td>
<td align="right">18</td>
<td align="right">321</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$77.3</td>
<td>$72.85</td>
<td>$72.85</td>
<td>$640.00</td>
<td>$699.3K</td>
<td align="right">86</td>
<td align="right">123</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$74.15</td>
<td>$72.2</td>
<td>$72.2</td>
<td>$680.00</td>
<td>$555.9K</td>
<td align="right">105</td>
<td align="right">77</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$14.55</td>
<td>$13.85</td>
<td>$14.55</td>
<td>$650.00</td>
<td>$419.0K</td>
<td align="right">104</td>
<td align="right">387</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$57.45</td>
<td>$55.5</td>
<td>$55.5</td>
<td>$660.00</td>
<td>$288.6K</td>
<td align="right">18</td>
<td align="right">55</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
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.
Having examined the options trading patterns of Spotify Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Spotify Technology's Current Market Status</h3>
<ul>
<li>With a volume of 7,364,641, the price of SPOT is down -11.32% at $621.64. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>Expert Opinions on Spotify Technology</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $836.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Spotify Technology, targeting a price of $850. 
&#x2A; Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for Spotify Technology, targeting a price of $840. 
&#x2A; An analyst from Canaccord Genuity persists with their Buy rating on Spotify Technology, maintaining a target price of $850. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Spotify Technology with a target price of $800. 
&#x2A; An analyst from Bernstein persists with their Outperform rating on Spotify Technology, maintaining a target price of $840. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Spotify Technology options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Spotlight on Spotify Technology: Analyzing the Surge in Options Activity

<a href="https://nypost.com/2025/07/29/media/house-probes-spotify-over-censorship-after-joe-rogan-steve-bannon-disinformation-controversies/">https://nypost.com/2025/07/29/media/house-probes-spotify-over-censorship-after-joe-rogan-steve-bannon-disinformation-controversies/</a>

General

'House probes Spotify over censorship after Joe Rogan, Steve Bannon 'disinformation' controversies'- New York Post

<ul>
<li>UNH</li>
<li>NVDA</li>
<li>SOFI</li>
<li>NVO</li>
<li>AMD</li>
<li>GOOGL</li>
<li>GLD</li>
<li>TSLA</li>
<li>SPOT</li>
<li>PYPL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

TSLA

Top 10 Trending Stocks On WallStreetBets As Of July 29, 2025 (Via Swaggy Stocks)

Earnings

Earnings Misses

CORRECTION: Spotify Technology Q2 EPS $(0.48) Misses $2.19 Estimate, Sales $4.754B Miss $4.930B Estimate

WIIM

Spotify Technology shares are trading lower after the company reported a Q2 EPS miss and issued Q3 sales guidance below estimates.

Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) experienced a <a href="https://www.benzinga.com/topic/spotify">notable decline</a> in its stock price on Tuesday following the release of its second-quarter 2025 financial results. 
While the audio streaming giant demonstrated robust growth in its user base, a significant miss on earnings per share and revenue, coupled with a conservative outlook for the upcoming quarter, weighed heavily on investor sentiment.
For the second quarter, Spotify posted a loss of 48 cents per share, a considerable deviation from the analyst <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate of a $2.11 profit</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45798733/apple-faces-modest-earnings-hit-after-court-ruling-but-analyst-expects-match-bumble-spotify-set-to-gain" rel="noreferrer noopener">Apple Faces Modest Earnings Hit After Court Ruling But Analyst Expects Match, Bumble, Spotify To Gain</a>
This earnings shortfall was compounded by missed revenue projections, with quarterly sales <a href="https://investors.spotify.com/financials/default.aspx#quarterly-results">reaching $4.75 billion</a> (4.19 billion euros), marking a 10% year-over-year increase but falling short of the analyst projection of $4.84 billion.
<h2 class="wp-block-heading">Strong User Acquisition, But Monetization Challenges Persist</h2>
Operational highlights for the quarter included impressive user acquisition. Monthly active users (MAUs) saw a net addition of 18 million quarter-over-quarter, reaching a total of 696 million, exceeding the company&#8217;s own guidance by 7 million.
Premium subscribers also demonstrated robust growth, expanding by 12% year-over-year to 276 million, outperforming expectations by 3 million and showing consistent growth across all geographical regions.
However, a slight decline was observed in key monetization metrics, with average revenue per user (ARPU) for Premium subscribers falling 1% year-over-year to 4.57 euros, and ad-supported revenue also experiencing a 1% decrease.
From a profitability standpoint, Spotify showcased improved margins. The company&#8217;s gross margin expanded by 227 basis points year-over-year to 31.5%, driven by enhancements in both its Premium and Ad-Supported segments.
The Premium gross margin reached 33.1%, an increase of 171 basis points from the prior year, primarily attributed to revenue growth outpacing music and audiobook costs, albeit partially offset by Spotify partner program expenses.
The ad-supported gross margin saw a more substantial improvement, rising 495 basis points to 18.3%, buoyed by stronger contributions from podcasts and music.
Operating income surged by 53% year-over-year, reaching 406 million euros, with an operating margin of 9.7%. Spotify also reported a strong financial position, holding 8.4 billion euros in cash and equivalents and generating 700 million euros in free cash flow.
The company&#8217;s disciplined approach to expenses was further evidenced by a slight reduction in its global workforce, which stood at 7,309 full-time employees, down from 7,372 a year ago.
<h2 class="wp-block-heading">Conservative Q3 Outlook Weighs on Investor Sentiment</h2>
Despite these operational successes, Spotify&#8217;s third-quarter 2025 revenue outlook fell short of market expectations. The company forecasts revenue of $4.95 billion (4.2 billion euros), below the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst consensus of $5.15 billion</a>, while anticipating total MAUs to reach 710 million.
Prior to the announcement of the 2025 second-quarter results, Spotify&#8217;s stock experienced a strong rally throughout 2025, surging 57% year-to-date and gaining 22% over the last three months.
However, the premarket trading on Tuesday saw SPOT stock trade lower by 6.99% at $652.00, reflecting investor reaction to the earnings miss and softer guidance.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/upgrades/25/07/46347606/roku-called-self-help-turnaround-citing-profit-focus-and-new-ad-partners" target="_blank" rel="noreferrer noopener">Roku Called &#8216;Self-Help&#8217; Turnaround, Citing Profit Focus And New Ad Partners</a></li>
</ul>
Photo by Diego Thomazini via Shutterstock

Comments

Spotify Technology

Unusual Options Activity for

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:55 AMJul 31, 2025	CALL	$600.00	Dec 17, 2027	868	38	38	200	19	SWEEP	NEUTRAL
10:49 AMJul 31, 2025	CALL	$660.00	Dec 19, 2025	140	364	100	86	425	SWEEP	BULLISH
10:49 AMJul 31, 2025	CALL	$660.00	Dec 19, 2025	140	2	262	0	425	SWEEP	BEARISH
02:59 PMJul 29, 2025	PUT	$880.00	Jun 18, 2026	321	37	37	97	38	TRADE	BULLISH
11:31 AMJul 29, 2025	CALL	$660.00	Dec 19, 2025	140	321	206	1783	18	SWEEP	BEARISH
11:02 AMJul 29, 2025	CALL	$680.00	Mar 20, 2026	231	77	77	73	105	SWEEP	BEARISH
10:27 AMJul 29, 2025	CALL	$640.00	Jan 16, 2026	168	123	96	143	86	TRADE	BEARISH
12:23 PMJul 28, 2025	PUT	$670.00	Aug 15, 2025	14	255	250	137	186	TRADE	BEARISH
11:55 AMJul 28, 2025	CALL	$700.00	Dec 18, 2026	504	30	30	50	60	SWEEP	BULLISH
12:55 PMJul 25, 2025	PUT	$640.00	Jan 16, 2026	168	102	100	204	50	TRADE	NEUTRAL