Spotify Technology SA

SPOT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Spotify Earnings: Good Results and Outlook, but Outsize Stock Rise a Function of Recent Big Selloff

Matthew Dolgin

Feb 10, 2026

Spotify added a huge number of non-paying monthly active users during the fourth quarter. Otherwise, strong fourth-quarter results and first-quarter outlook were merely consistent with typical performance. We attribute the 15% stock rise to an alleviation of fear that had gripped the stock.

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Spotify Technology SA

Spotify Earnings: Good Results and Outlook, but Outsize Stock Rise a Function of Recent Big Selloff

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