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Last close (EUR)558.62+24.54 (+4.59%)as of 4 Nov 2026
Funds that hold it13One fund per scheme
Held through a master fund130 buy the stock themselves
Largest weight in a single fund8.51%Of that fund's NAV
Median weight3.10%Half the funds hold more than this
What does SPOT do
Spotify Technology S.A.
One of the world's largest music and podcast streaming services. Most revenue comes from ad-free premium subscriptions, and the rest from ads in the free app
Spotify PremiumSpotify Free (Ad-Supported)Podcasts and audiobooks
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 EUR of sales: cost of sales 68 · operating expenses 19 · other income after tax adds 0 · leaving 13 as net profit
Which funds let you invest in SPOT
Sorted by weight held, largest first
Investors in Thailand can buy SPOT through 13 mutual funds open to retail investors. Most of them (13 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds SPOT.
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
How many funds each AMC holds it through
ONEAM
How Thai money reaches SPOT
9 master funds
Master fund
Thai funds using this route
Master fund's SPOT weight
Baillie Gifford Worldwide Long Term Global Growth Fund
5
2.95%
Morgan Stanley Investment Funds - Europe Opportunity Fund
1
8.51%
Morgan Stanley Investment Funds Global Opportunity Fund
1
6.11%
iShares Digital Entertainment and Education UCITS ETF
1
4.25%
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC EDGAR · Ratios: Market data · Revenue by business segment: SEC EDGAR · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
Principal Global Opportunity Fund
6.11%
Via Morgan Stanley Investment Funds Global Opportunity Fund
Via Baillie Gifford Worldwide Long Term Global Growth Fund
−24.38%
Showing 10 of 13 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
SSF
Holds SPOT 2.87%
Valuation and key ratios
Spotify Technology S.A. · NYSE · ราคาแปลงจาก SPOT (USD) · Fiscal year ends in January
Market cap115.1B EUR0.21 billion shares
P/E53.2xPrice ÷ FY2025 EPS 10.51
Forward P/E34.2xBased on forecast 12-month earnings
P/S6.0x
EV/EBITDA28.6x
Dividend yield0.00%0.00 EUR per share a year
ROE31.9%Net profit ÷ shareholders' equity
Debt to equity (D/E)0.18xInterest-bearing debt
Beta1.43Against the S&P 500
Gross margin32.0%FY2025
Operating margin12.8%FY2025
Net margin12.9%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S and EV/EBITDA from Market data · Beta from 5 years of monthly returns · Total dividends over the last 12 months
Company health made simple
From the FY2025 statements
Sales growth15.5%Fast growth
Yearly average over the last 4 years · Latest annual sales 17.2B EUR
Profit from sales13%Moderate
For every 100 EUR of sales, about 13 EUR is left as net profit
Dividend0.00%No dividend
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price−0.3%Down
Now 3.1% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows 15.5% a year on average · EPS grows N/A a year on average
Annual · last 5 fiscal years
Revenue and net profit
FY20219.7B EUR−34.0M EUR
FY202211.7B EUR−430.0M EUR
FY202313.2B EUR−532.0M EUR
FY202415.7B EUR1.1B EUR
FY202517.2B EUR2.2B EUR
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q3 FY20254.3B EUR899.0M EUR
Q4 FY20254.5B EUR1.2B EUR
Q1 FY20264.5B EUR721.0M EUR
Q2 FY20264.8B EUR545.0M EUR
Q3 FY20265.0B EUR518.0M EUR
Annual income statement, balance sheet and cash flow
Item (EUR)
FY2021
FY2022
FY2023
FY2024
FY2025
Total revenue
9.7B EUR
11.7B EUR
13.2B EUR
15.7B EUR
17.2B EUR
Gross profit
2.6B EUR
2.9B EUR
3.4B EUR
4.7B EUR
5.5B EUR
Operating profit
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC EDGAR
Technical analysis
Closed at 558.62 EUR on 4 Nov 2026
Daily trendClear uptrendScore 0.50 on a scale of −1 to +1 · 1253 bars
RSI(14)
71.5
ADX(14)
19.4
Position in the price range
100%
Weekly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 261 bars
RSI(14)
66.6
ADX(14)
19.5
Position in the price range
91%
Monthly trendClear uptrendScore 1.00 on a scale of −1 to +1 · 61 bars
RSI(14)
59.6
ADX(14)
25.8
Position in the price range
76%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
516.79
517.02
Above
20 days
492.90
499.04
Above
50 days
475.74
478.24
Above
100 days
455.38
465.52
Above
200 days
Indicators (daily)
Indicator
Value
Signal
RSI(14)
71.45
Down
MACD(12,26)
19.73
Up
ADX(14)
19.40
Neutral
ATR(14) % of price
2.15
Neutral
Support and resistance (weekly pivots)
s3447
s2463
s1
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in SPOT, not the look-through weight · Past performance is not a guarantee of future performance
Principal International Equity ETF
1
3.78%
AXA World Funds - Digital Economy
1
3.40%
Janus Henderson Horizon - GLOBAL SUSTAINABLE EQUITY FUND
1
3.31%
several master funds (WW LT GB GR-BUSD ACC, Baillie Gifford Long Term Global Growth Inve)