Spotify has structurally improved gross margins to 30%+ via better label deal terms and audiobook category expansion. Price increases proven sustainable with low churn impact. Premium subs growth remains durable at 12%+ as podcast and audiobook attach deepen platform engagement. AI-powered playlist personalization extends time-spent advantage. Marketplace and creator monetization tools provide optionality.
Thesis reviewed May 29, 2026
Spotify Technology SA is headquartered in United States, which is currently showing elevated risk signals.
🇺🇸United States82EXITView United States risk detail →💻Technology26WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| HUBS | HubSpot Inc. | 33 | +10% | ↓8% | EARLY |
| BABA | Alibaba Group Holding Ltd | 30 | +17% | ↓8% | EARLY |
| NTES | NetEase Inc | 30 | +10% | ↓8% | EARLY |
| SAP | SAP SE | 30 | +8% | ↓8% | EARLY |
| PSO | Pearson PLC | 30 | +10% | ↓8% | NEUTRAL |
| ACN | Accenture plc | 30 | +7% | ↓8% | NEUTRAL |
| TCS | Tata Consultancy Services Ltd | 30 | +11% | ↓8% | EARLY |
Investors who hold SPOT may also have indirect exposure through these country funds.
Spotify gross margin expands to 32%, first time above target band
Audiobook attach rate hits 25% of premium subscribers
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Alan Armstrong | Buy | $1k–$15k | Mar 30, 26 | ||
| Gilbert CisnerosCA | Buy | $1k–$15k | Jun 18, 26 | ||
| Gilbert CisnerosCA | D | Sell | $1k–$15k | Dec 24, 25 | -6.1% |
| Josh GottheimerNJ | D | Buy | $1k–$15k | Aug 5, 24 | +47.8% |