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Spotify Technology (SPOT)

(Delayed Data from NYSE)

$281.23 USD

281.23
8,239,498

-22.08 (-7.28%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $277.74 -3.49 (-1.24%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

D Value A Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 40% (152 out of 252)

Industry: Technology Services

Better trading starts here.

Balance Sheet

Research for SPOT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Spotify Technology falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 4,561 3,530 4,141 1,996 1,968
Receivables 950 732 741 535 455
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 182 323 291 172 76
Total Current Assets 5,693 4,585 5,173 2,703 2,499
Net Property & Equipment 267 367 440 358 326
Investments & Advances 1,315 1,199 1,084 2,601 1,677
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 30 8 15 17 10
Intangibles 1,321 1,364 1,163 952 600
Deposits & Other Assets 81 82 91 89 77
Total Assets 9,033 8,045 8,483 7,226 5,737
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,058 890 938 729 615
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,641 2,205 2,178 1,997 1,611
Income Taxes Payable 13 12 27 10 10
Other Current Liabilities 714 597 673 577 496
Total Current Liabilities 4,427 3,704 3,817 3,313 2,732
Mortgages 0 0 0 0 0
Deferred Taxes/Income 9 5 0 0 2
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,333 1,221 1,474 50 25
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 6,302 5,516 5,976 4,022 3,455
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 5,579 5,046 5,615 5,235 4,695
Retained Earnings -4,526 -3,842 -3,810 -3,758 -3,034
Other Equity 1,961 1,603 1,009 1,927 1,035
Treasury Stock 284 276 308 200 414
Total Shareholder's Equity 2,731 2,530 2,507 3,204 2,281
Total Liabilities & Shareholder's Equity 9,033 8,045 8,483 7,226 5,737
Total Common Equity 2,731 2,530 2,507 3,204 2,281
Shares Outstanding 197.10 193.20 192.10 190.20 179.20
Book Value Per Share 13.85 13.09 13.05 16.85 12.73

Fiscal Year End for Spotify Technology falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 4,561 4,043 3,725 3,690
Receivables NA 950 822 698 601
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 182 245 298 317
Total Current Assets NA 5,693 5,110 4,720 4,608
Net Property & Equipment NA 267 299 305 355
Investments & Advances NA 1,315 983 1,107 1,217
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 30 25 16 12
Intangibles NA 1,321 1,391 1,366 1,363
Deposits & Other Assets NA 81 82 83 83
Total Assets NA 9,033 8,263 7,973 8,082
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 1,058 1,029 974 912
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 2,641 2,294 2,239 2,174
Income Taxes Payable NA 13 9 12 10
Other Current Liabilities NA 714 697 642 617
Total Current Liabilities NA 4,427 4,028 3,867 3,713
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 9 7 7 6
Convertible Debt NA 0 1,316 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 19 1,291 1,262
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 6,302 5,935 5,733 5,568
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 5,579 5,367 5,342 5,221
Retained Earnings NA -4,526 -4,476 -4,555 -4,159
Other Equity NA 1,961 1,722 1,738 1,734
Treasury Stock NA 284 285 286 281
Total Shareholder's Equity NA 2,731 2,328 2,240 2,514
Total Liabilities & Shareholder's Equity NA 9,033 8,263 7,973 8,082
Total Common Equity 0 2,731 2,328 2,240 2,514
Shares Outstanding 198.30 197.10 194.60 190.20 190.20
Book Value Per Share 0.00 13.85 11.96 11.78 13.22