Spotify
Shortcut
2.61Normalized diluted EPS
-8.4% vs Street
Street
2.85Normalized diluted EPS
October 18 consensus snapshot
Real
2.48Published normalized diluted EPS
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
Premium subscribers, pricing and FX assumptions produce approximately €4.97bn in revenue and normalized diluted EPS of €2.61 versus the Street’s €2.85. EPS is in EUR per ordinary share, not USD.
The original reported-opex growth base and weighted-share carryover approximation were preserved. The disclosed alternative bases each raise EPS by about €0.004. Cash-flow allocation and some historical FX comparisons remain approximate.
On the record.
- Reporting period
- Q3 2026
- Reporting basis
- Normalized diluted EPS per ordinary share in EUR
- Consensus snapshot
- October 18, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 19, 2026 at 11:42 PM PDT
- First published
- Oct 20, 2026 at 2:48 AM PDT
Result basis
Issuer diluted EPS was €2.48 per ordinary share; Google Finance labels the same €2.48 normalized. The comparison remains in EUR, with the original forecast €2.6118 and frozen Street €2.85.
Research sources
- https://www.sec.gov/Archives/edgar/data/1639920/000114036126031044/ef20078867_ex99-1.htm
- https://www.sec.gov/Archives/edgar/data/1639920/000162828026052543/spot-20260630x6xk.htm
- https://www.sec.gov/Archives/edgar/data/1639920/000114036126017211/ef20071303_ex99-1.htm
- https://www.sec.gov/Archives/edgar/data/1639920/000114036126004482/ef20065075_ex99-1.htm
- https://www.sec.gov/Archives/edgar/data/1639920/000114036125040271/ef20057592_ex99-1.htm
- https://www.sec.gov/Archives/edgar/data/1639920/000162828025048927/spot-20250930x6xk.htm
- https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/R30.htm
- https://www.fool.com/earnings/call-transcripts/2026/08/11/spotify-spot-q2-2026-earnings-call-transcript/
- https://www.businesswire.com/news/home/20260924855017/en/Spotify-Technology-S.A.-to-Announce-Results-for-Third-Quarter-2026
- https://www.statmuse.com/money/ask/what-was-the-highest-price-for-spotify-technology-last-month
- https://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20260930/
- https://www.inderes.se/research/spotify-q326-forhandskommentar-uppsidan-mattas-av-i-takt-med-att-aktiekursen-springer-ifran
- https://www.earningswhispers.com/article/SPOT/20543
- https://finance.yahoo.com/markets/stocks/articles/analysts-estimate-spotify-spot-report-130007377.html
- https://drillr.ai/article/spot-spotify-q3-2026-earnings-preview-pricing-ads-margins
- https://www.statmuse.com/money/ask/spotify-market-cap-2026
- https://fwd.nl/entertainment/streamingdiensten-entertainment/spotify-verhoogt-de-prijzen-van-premium-in-nederland-en-belgie/
- https://www.sec.gov/Archives/edgar/data/1639920/000114036124033792/ef20032688_ex99-1.htm
- https://insight.factset.com/sp-500-earnings-season-update-july-31-2026
- https://www.theglobeandmail.com/business/article-spotify-third-quarter-forecast-user-growth/
- https://seekingalpha.com/article/4954722-spotify-why-im-downgrading-before-q3-earnings
- https://api.finexus.net/api/news/events/dfaa1e7e-d4a1-410f-8cb7-3cc0168ef886/html