Morningstar

Spotify Increases Share Buyback Plan by $1.5 Billion

Provided by Dow Jones Aug 21, 2026, 2:17:00 AM

By Stephen Nakrosis

Music and entertainment provider Spotify Technology said its board has authorized an additional $1.5 billion for the company's share repurchase plan.

The new authorization brings the amount under the current program to about $2.22 billion, the company said.

The company has a market cap of $109.81 billion, 205.72 million shares outstanding, and a public float of 151.31 million shares.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

August 20, 2026 17:17 ET (21:17 GMT)

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