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 Stock Rally Relates More to Quelling Fears

Matthew Dolgin

Oct 22, 2026

Spotify’s third-quarter sales, profits, and subscriber additions were all roughly consistent with the firm's guidance. The fourth-quarter outlook was positive but not earth-shattering. However, the firm is proving it can monetize its new features, reduce costs, and improve advertising sales.

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Spotify Technology SA

Spotify Earnings: Good Results and Outlook, but Stock Rally Relates More to Quelling Fears

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