Spotify stock holds near USD 517 as earnings estimates fall

Published on 09/22/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Spotify stock opened at USD 517.93 on September 22, 2026, with a USD 405.00 to USD 740.20 yearly range. Q2 revenue reached USD 5.45 billion.

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Spotify stock opened at USD 517.93 on the NYSE on September 22, 2026, while the company had a market capitalization of USD 106.63 billion and a 52-week range of USD 405.00 to USD 740.20. The valuation backdrop matters because the shares remain below the yearly high while trading above the 50-day moving average of USD 515.04.

Quarterly revenue reached USD 5.45 billion

According to MarketBeat on September 22, 2026, Spotify reported USD 3.03 earnings per share for its latest quarter, missing the USD 3.16 consensus estimate by USD 0.13. Quarterly revenue was USD 5.45 billion versus the USD 5.47 billion consensus estimate, a USD 20 million shortfall.

The figures show a narrow earnings miss rather than a collapse in operating performance. For investors, the comparison between reported EPS and consensus is the key near-term counter-factor to the company valuation, especially with the stock carrying a price-to-earnings ratio of 32.25 in the September 22 market snapshot.

Erste cuts its FY2027 EPS view

MarketBeat reported on September 22, 2026, that Erste Group Bank reduced its FY2027 Spotify EPS estimate from USD 17.74 to USD 17.52 in a research note dated September 18, 2026. The new estimate is USD 3.33 above the current full-year consensus estimate of USD 14.19.

The estimate change is small in absolute terms, but it gives the market a quantified read on expectations. The analyst adjustment lowers the previous forecast by USD 0.22 while leaving Erste's forecast above consensus by USD 3.33, creating a mixed signal alongside the latest quarterly miss.

Stock stays below the yearly high

Spotify stock opened at USD 517.93 on September 22, 2026, compared with the 52-week high of USD 740.20 and low of USD 405.00. The shares were also above the 200-day moving average of USD 495.82, placing the latest opening price USD 21.16 above that longer-term reference.

Spotify's market capitalization stood at USD 106.63 billion as of September 22, 2026. The next price signal is therefore tied to the distance from the yearly high, while the latest EPS and revenue comparisons provide the more immediate test for the valuation.