New York, Jan 6, 2026, 15:06 EST — Regular session
Spotify Technology S.A. shares fell 3.3% to $574.0 as of 3:06 p.m. EST on Tuesday, down $19.41 from Monday’s close of $593.39. The stock, valued at about $120 billion, traded about 1.2 million shares, below its 2.1-million average daily volume.
The drop contrasted with modest gains in the Nasdaq and S&P 500 as investors braced for Friday’s U.S. nonfarm payrolls report, the government’s monthly count of job growth, and other labor data that could shift expectations for interest rates. 1
Spotify on Tuesday launched a week-long podcasting campaign tied to the Golden Globes’ first Best Podcast category and said podcast content on its platform has grown from 200,000 titles in 2019 to more than 7 million shows across over 180 markets. “A stop-sign moment for podcasting,” Roman Wasenmüller, Spotify’s vice president and global head of podcasts, said.
In a separate announcement, the company introduced an in-app Governors Ball experience that uses listening history to show overlap with the 2026 lineup and generate a personalized playlist and shareable cards.
The retreat put Spotify back below $600 after Monday’s 3.2% rise, and the stock has swung in a roughly $572–$596 range so far this session. Traders often treat “support” as a level where buyers have stepped in before and “resistance” as a ceiling where sellers emerge; chart watchers are pointing to about $570 and $600, respectively. 2
Spotify’s next major catalyst is its fourth-quarter 2025 report, expected on Feb. 10. Investors will scan results and commentary for progress on profitability, subscriber growth and advertising demand. 3
Pricing remains in focus after the Financial Times reported in November that Spotify planned to raise U.S. subscription fees in the first quarter of 2026, citing people familiar with the matter. Spotify has also been expanding music videos for premium users in the U.S. and Canada as it takes on YouTube, Reuters reported in December. 4
But higher prices only help if users stay put; churn — customers canceling or downgrading — is the key risk. A weaker ad market would also sting, as Spotify leans on advertisers alongside subscription revenue.
For now, traders are watching the U.S. jobs report due Jan. 9 and whether Spotify can hold the mid-$570s into its Feb. 10 earnings. 5
