Citizens has initiated coverage on Spotify Technology SA (SPOT) with a Market Outperform rating as of December 16, 2025. This marks the firm's first assessment of the company, reflecting its analysis of Spotify's business model, industry dynamics, and growth prospects.
Spotify operates in the media industry, providing digital music services that allow users to discover new releases, create playlists, and access millions of songs. The company offers two service tiers: Spotify Free, which features shuffle play, and Spotify Premium, which includes additional features such as offline listening and ad-free access. Spotify is headquartered in Luxembourg and has a market capitalization of $118.8 billion, with a trailing P/E ratio of 72.03 and an EPS of 6.61.
Upcoming earnings are scheduled for April 21, 2026, with estimates of $2.70 EPS and $4.7 billion in revenue. Prior to this, the company is set to report earnings on February 4, 2026, with an EPS estimate of $2.73 and revenue expected to reach $4.6 billion.
Analyst ratings serve as a professional opinion based on research and financial models. They can provide useful perspectives but should be considered alongside various factors, including company fundamentals and industry trends. As analyst views can change over time, they should be one of many inputs in investment decision-making.