New York, Feb 4, 2026, 18:45 EST — After-hours
- Spotify shares slid roughly 7% to $440.53 in after-hours trading, hitting a low of $438.92 during the session.
- On Wednesday, the company launched new lyrics features and revealed a payments partnership with Checkout.com.
- Traders are bracing for Spotify’s quarterly results on Feb. 10, watching closely to see how users respond to the February price hikes.
Spotify Technology S.A. shares dropped 7.1% to $440.53 in after-hours trading on Wednesday, hitting a low of $438.92 during the session. After-hours trading occurs after the 4 p.m. close on U.S. exchanges.
This decline is significant, coming at a time when investors are scrambling to gauge Spotify’s remaining pricing power and whether new features truly push users to paid subscriptions. The company’s upcoming results next week will be crucial, with guidance expected to carry the weight.
Spotify is feeling the pinch in this tech sell-off. When funds pull back from growth, the quickest movers usually take the hardest hit — even if there’s no clear catalyst tied directly to the company.
U.S. stocks closed down Wednesday, dragged by worries over AI-related valuations, with the Nasdaq falling 1.51%. “The market is suddenly skeptical and concerned,” said Jed Ellerbroek, portfolio manager at Argent Capital in St. Louis. (Reuters)
Spotify unveiled enhancements to its lyrics feature on Wednesday, adding translations available globally, offline lyrics for Premium subscribers, and “lyric previews” shown under the album art during playback. The company noted that lyrics are accessed “hundreds of millions” of times daily. (Spotify)
Just a day earlier, payments company Checkout.com announced a new partnership to offer global acquiring services for Spotify in more than 180 countries. “Our aim is to deliver a seamless, simple, and safe payment experience,” said Sandra Alzetta, Spotify’s vice president and global head of payments and customer service. Checkout.com CEO Guillaume Pousaz described the deal as a “significant milestone” for the firm. (Checkout)
Investors are closely tracking how price hikes impact churn and revenue per user. Spotify announced last month it will boost its U.S. monthly Premium subscription fee by $1, pushing it to $12.99. Price increases are set for Estonia and Latvia starting February as well. (Reuters)
Spotify is set to release its earnings and shareholder presentation on Feb. 10 ahead of the market open, according to a Business Wire statement. The company will then hold a Q&A session at 8:00 a.m. Eastern. (Business Wire)
But price increases can backfire. If users switch to ad-supported tiers or drop service completely, any short-term gains may vanish fast—especially if ad demand weakens simultaneously.
Traders on Thursday will be focused on whether the tech sell-off steadies and if Spotify’s stock can hold after Wednesday’s decline. The key event remains Feb. 10, when results, guidance, and the tone of management’s comments will come into play.
