New York, February 13, 2026, 16:26 (EST) — After-hours
Spotify Technology S.A. ended after-hours Friday up 2.8% at $458.09. Shares moved between $444.81 and $461.92 over the session.
After tumbling roughly 8.5% on Thursday, shares clawed back late, capping a week marked more by whipsaws than wins. Spotify’s become a ticker traders pounce on or dump in a blink, headline and price chart driving the action. (MarketBeat)
Spotify’s pitch to Wall Street hinges on a clearer profit narrative, just as it pours money into fresh formats. As soon as investors start wondering, “how repeatable is this,” the stock reacts.
Spotify projected first-quarter operating income ahead of Wall Street targets this week, fueled by higher subscription prices and surging user numbers. The update marks the first results under new co-CEOs Gustav Söderström and Alex Norström, who stepped in after founder Daniel Ek became executive chairman. Söderström told Reuters that over 98 million paid subscribers have now used Spotify’s AI-powered Interactive DJ, and commented: “Spammy AI music is not a new problem. It’s just more scale on an existing problem.” (Reuters)
Spotify told shareholders in an SEC filing that fourth-quarter monthly active users hit 751 million, with premium subscribers at 290 million. Revenue for the quarter landed at €4.531 billion; operating income came in at €701 million. For the first quarter, guidance points to 759 million MAUs, €660 million in operating income, and €4.5 billion in revenue. The company also noted that “social charges,” or payroll taxes related to share-based compensation, can fluctuate depending on moves in the share price.
Spotify’s newsroom announcement took a firm stance on the leadership shuffle, quoting Norström: “We’re framing 2026 as the Year of Raising Ambition.” (Spotify)
Rights costs rarely take center stage for Spotify trades. On Friday, the EU approved Universal Music Group’s takeover of Downtown Music but attached conditions, concluding UMG won’t get outsized leverage in licensing negotiations with Spotify, Apple Music, or Amazon Music. (Reuters)
The setup works in both directions. Should advertising demand falter, or if price hikes spark higher-than-expected churn, margins can retreat quickly — and the stock usually reacts harshly to that.
Premium subscriber net adds and ARPU—average revenue per user—are under the microscope, with investors zeroing in on exactly what each paying customer is generating. Attention is also on ad-supported growth, specifically if it can do more than just drive up user counts and actually lift pricing.
U.S. stocks won’t trade on Monday, Feb. 16, with markets shut for Washington’s Birthday. So Tuesday will be the first real test for Spotify’s rebound as normal liquidity resumes. (nyse.com)
