Spotify Technology S.A. (SPOT)

Outperform Recap: Q2 2026

The 300 Millionth Subscriber, a Record Margin, and a User Guide Spotify Cut On Purpose: Maintaining Outperform

Outperform Recap: Q1 2026

A Record Quarter, Then a Spending Quarter Nobody Was Warned About: Maintaining Outperform With a Lower Fair Value

Outperform Recap: Q4 2025

The Multiple Fell a Third on a Story About AI While the P&L Did the Opposite: Upgrading Spotify to Outperform

Hold Recap: Q3 2025

Every Guided Line Beaten, and Almost None of It From the Engine Room: Initiating Spotify at Hold