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Ken GriffinReduced
Citadel Advisors · Q2 2026
$260.64M
567.69K shares · 0.2% of portfolio
Spotify Technology S.A.
Spotify Technology S.A. (SPOT) is listed on NYSE and classified in Internet Content & Information, part of the Communication Services sector. It is headquartered in Stockholm, Sweden and has 7,000 employees. The company is worth $119.99B and trades at 30.2x its earnings of the last twelve months; the median for its sector is 16.1x. Revenue was €17.19B in fiscal 2025, up 9.7% from the year before. Net income was €2.21B. The share price is 14.7% below its 52-week high of $683.96. 12 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Baillie Gifford (Baillie Gifford & Co), at $3.64B. In that quarter, 2 of them opened or added to the position and 9 reduced it. Over the last 30 days, company insiders sold $11.09M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in EUR, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +122.4% over 5Y.
today you would have $1,832.96▲ +83.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $580.71 | $447.38 | $187.91 | $78.95 | |
| EPS | €10.51 | €5.50 | -€2.73 | -€2.93 | |
| Profit margin | 1.80% | 12.87% | 7.26% | -4.02% | -3.67% |
| ROE | 1.34% | 26.56% | 20.60% | -21.09% | -17.91% |
This company reports in EUR, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by EUR, so they are not shown; EPS is in EUR. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 16.1 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Communication Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TAT&T Inc | $22.74 | 11.7x | 1.5x | 4.88% | 11.61% | $155.82B |
| APPAppLovin Corp | $264.28 | 20.6x | 28.0x | 0.00% | 203.69% | $88.78B |
| TMUST-Mobile US, Inc. | $158.79 | 16.1x | 3.0x | 2.95% | 17.99% | $170.33B |
| CMCSAComcast Corp | $22.84 |
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
2 methods answered, across 1 families.
Room for errors in the reported numbers.
-61.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 7.1x |
| 0.8x |
| 5.78% |
| 11.49% |
| $81.05B |
| VZVerizon Communications Inc | $45.20 | 11.8x | 1.8x | 6.26% | 15.84% | $187.8B |
| NTESNetEase, Inc. | $118.67 | 16.5x | 15.2x | 2.47% | 20.37% | $75.99B |
