Seeking Alpha
25 Oct 2026, 05:44 UTC · 1h ago
Spotify Earnings: A Miss, But Long-Term Potential Remains
Impact · against what's priced in
Spotify's Q3 revenue and EPS miss challenges the growth trajectory the market already assumes, though Q4 guidance provides a partial offset. The news is marginally negative as it puts pressure on a valuation multiple that is already significantly higher than the sector average.
- SPOT−0.30
Challenges what's priced in
- The price assumes
continuation of roughly 10% year-over-year total revenue growth
The substantial miss on Q3 revenue undermines the 10% growth trajectory the market already assumes to justify its current price, though Q4 guidance of €5.2B revenue seeks to stabilize this outlook.
What SPOT's price assumes · Sep 3
