Spotify
SPOTMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +50%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$324
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 22 months
- How long Benson has been tracking this pick.
About Spotify
Spotify is the world's biggest music streaming service with 678 million users, making money from both premium subscriptions and advertising.
The case for and against
Both sides of the story, in plain English.
- Streaming Domination
Spotify absolutely owns the global music streaming market with 268 million paying subscribers and growing fast. They just added 5 million new premium users in one quarter, beating expectations by 3 million. Once people build their playlists and discover music through Spotify's AI, it's incredibly hard to switch to competitors.
- Profit Explosion
The company has transformed from barely profitable to a cash-generating machine. Operating income exploded 203% in one quarter while they actually cut their total expenses. They've proven they can raise prices without losing customers, and their profit margins keep expanding as they get bigger.
- Expensive Dreams
The stock trades at 57 times next year's earnings, which is incredibly expensive even for a tech company. The CEO talks about reaching 1 billion subscribers someday, but any disappointment in that growth story could send this stock crashing back to reality.
- Ad Business Struggles
While subscription revenue is booming, their advertising business is slowing down dramatically - growing only 5% compared to 19% last year. If the economy gets worse, advertisers cut spending first, which could really hurt Spotify's growth.
Other companies we track
How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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