SPOT

Janus Henderson Investors, an investment management company, released its second-quarter 2026 investor letter for the “Global Sustainable Equity Fund”. A copy of the letter can be downloaded here. Global equities experienced a robust quarter, with the Fund returning 16.17%, outperforming the Index’s 13.16% gain and the Peer Group’s 12.98% return. An overweight in information technology, particularly AI infrastructure, and underweight positions in energy, materials, and consumer staples were the key drivers. AI significantly contributed to returns, especially among chipmakers. Information technology was the top performer in the quarter with over 30% returns, alongside strong performances from financials and industrials. The portfolio focuses on high-quality companies with competitive advantages and exposure to long-term trends, positioning it to manage evolving investment opportunities and risks. For insights into their key selections for 2026, please review the Strategy’s top five holdings. In its Q2 2026 investor letter, Janus Henderson Global Sustainable Equity Fund highlighted Spotify Technology S.A. (NYSE:SPOT). Spotify Technology S.A. (NYSE:SPOT) is a leading audio streaming subscription service provider monetizing through paid premium subscriptions and an ad-supported model. On July 15, 2026, Spotify Technology S.A. (NYSE:SPOT) stock closed at $485.38 per share. One-month return of Spotify Technology S.A. (NYSE:SPOT) was 3.70%, and its shares lost 32.67% over the past twelve months. Spotify Technology S.A. (NYSE:SPOT) has a market capitalization of $99.8 billion. Janus Henderson Global Sustainable Equity Fund stated the following regarding Spotify Technology S.A. (NYSE:SPOT) in its Q2 2026 investor update: Spotify Technology S.A. (NYSE:SPOT) ranks 23rd position on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 123 hedge fund portfolios held Spotify Technology S.A. (NYSE:SPOT) at the end of the first quarter, up from 121 in the previous quarter. Spotify Technology S.A. (NYSE:SPOT) reported total revenue of EUR 4.5 billion in Q1 2026, growing 14% year-over-year in constant currency. While we acknowledge the potential of Spotify Technology S.A. (NYSE:SPOT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely underva...

Spotify Technology SA (NYSE:SPOT) is expected to report a steady second-quarter performance, with Jefferies maintaining a positive long-term view despite not anticipating a "narrative changing" earnings release. The investment bank reiterated its ‘Bu’y rating and $600 price target, implying upside from current levels of $485, ahead of the company's results, writing that it prefers to remain positioned for potential catalysts including a Warner Music Group remixing agreement and the launch of AI-powered remixing features. For the second quarter, Jefferies forecasts gross margin of 33.1%, in line with Spotify's guidance, while noting that a typical beat of more than 20 basis points to around 33.3% represents a reasonable upside scenario. The analysts also view the current third-quarter Wall Street gross margin estimate of 33% as achievable, despite expected regulatory charges. Jefferies expects constant-currency revenue growth of 15% year over year in both the second and third quarters, in line with consensus estimates. It also forecasts second-quarter net additions of 6 million premium subscribers and 17 million monthly active users, with potential upside to MAUs from Spotify's Wrapped 20th anniversary campaign. The analysts expect investor attention to center on management's comments about new products, particularly the timeline and adoption of an AI remixing offering. "We'll be listening for commentary on AI remixing adoption/timeline, but given investor skepticism on uptake, remixing is ultimately a 'show-me' that we think plays out positively in the coming months," Jefferies wrote. While the bank sees the potential for lower operating expenses, it wrote that cost reductions alone are unlikely to drive a sustained re-rating without additional revenue from new products. Looking further ahead, Jefferies expects 2027 to benefit from new product opportunities, additional pricing initiatives and more normalized cost growth, while reiterating that evidence of incremental revenue from AI remixing could renew investor interest in the stock.

Netflix (NFLX) fell 42% over the past year while growing revenue 16%, earning a 90%-confidence BUY rating with 268% upside to our target. Netflix's 29.5% operating margin dwarfs Disney's (DIS) 14.6%, and its per-subscriber monetization outpaces Spotify (SPOT), justifying its premium valuation. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today. Netflix reports Q2 2026 earnings after the close on July 16, 2026, and the stock heads into the earnings report at prices most investors never expected to see again. Our 24/7 Wall St. price target for Netflix (NASDAQ:NFLX) is $270.75, implying 268.21% upside from $73.53. Our recommendation is buy, at 90% confidence, which is unusually high for our model. This aggressive target assumes the market has mispriced a business still growing revenue in the mid-teens with expanding margins. Netflix shares are down 41.73% over the past year and 21.58% year to date, trading roughly 11% below the 52-week high of $127.75. This drawdown collided with strong operating results. Q1 2026 revenue of $12.25 billion grew 16.19% year over year, and management raised the 2026 free cash flow outlook to roughly $12.5 billion, up from $11 billion. The reported EPS of $1.23 came in missing expectations by 8.55%, but net income was inflated by a $2.80 billion Warner Bros. termination fee. Netflix guided FY2026 revenue to $50.7B to $51.7B at a 31.5% operating margin. Advertising is set to roughly double to $3 billion in 2026, with advertiser count up 70% year over year to 4,000+ clients. Live events, gaming, and the content slate (Narcos, Fincher, Gerwig's Narnia) support continued engagement. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today. Polymarket traders assign a 72.5% probability to a Q2 earnings beat and 64% to a Q2 operating margin between 32% and 34%. Our bull scenario points to $283.54 in 12 months. NFLX has declined 9.89% on average on the day of an earnings miss and 1.58% even on beats. Content amortization is first-half-weighted in 2026, the Brazilian tax dispute carries a $700 million deposit exposure, and the abandoned Warner Bros. deal removes an acceleration lever. Insider activity shows net selling across 110 recent transactions. Most insider sales a...

Spotify Technology (SPOT) is expected to report Q2 results "largely in line" with management's guida

NEW YORK, June 25, 2026--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) will post its second quarter 2026 results and deck to shareholders on Tuesday, August 4, 2026 before market open. The company will hold a question and answer session to discuss second quarter 2026 results at 8:00 am Eastern Time. Management will answer questions submitted via Slido. Questions may be submitted on the day of the call at www.slido.com using the event code #SpotifyEarningsQ226. A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session. About Spotify Technology S.A. Spotify’s platform revolutionized music listening forever when we launched in 2008. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks, 7 million podcast titles, and 700,000 audiobooks in select markets on Spotify. We are the world’s most popular audio streaming subscription service with 761 million users, including 293 million subscribers, in 184 markets. View source version on businesswire.com: https://www.businesswire.com/news/home/20260625748101/en/ Contacts Investor Relations:Bryan [email protected] investors.spotify.com Public Relations:Dustee [email protected]

It has been about a month since the last earnings report for DigitalOcean Holdings, Inc. (DOCN). Shares have added about 7.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is DigitalOcean due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for DigitalOcean Holdings, Inc. before we dive into how investors and analysts have reacted as of late. DigitalOcean posted a sizable first-quarter 2026 earnings beat, even as profitability moved lower from the year-ago period. Non-GAAP earnings came in at 44 cents, down 21.4% year over year, but the figure beat the Zacks Consensus Estimate by 63%.Revenue was $258.0 million, up 22.4% year over year and beat the consensus by 3.1%. The quarter’s outperformance was supported by retention and expansion in larger customer cohorts, with Annual Run-Rate Revenues (ARR) ending the period at $1.032 billion, up 22% year over year. AI Customer ARR was $170 million, which jumped 221% year over year. DOCN’s release underscored that growth continues to be led by its biggest customers. Revenue from $1 million-plus customers rose 179% year over year to $183 million in ARR, and that cohort now represents 18% of total revenues.Momentum was also visible one tier down. Revenues from $500,000-plus customers climbed 132% year over year and represents 21% of total revenues, while revenues from $100,000-plus customers rose 73% and now represent 30% of total revenues. Management tied the quarter’s revenue beat to strong retention in top Digital Native Enterprise cohorts and continued expansion among top cloud and AI-native customers. DigitalOcean positioned the quarter around product breadth, highlighting the launch of its AI-Native Cloud at Deploy 2026. The company said it delivered more than 15 product launches across five integrated layers: infrastructure, core cloud, inference, data and managed agents.The company has highlighted recent AI-native wins, including Cursor, Ideogram and Higgsfield AI, as examples of customers building production inference and related workloads on the platform, with AI customer ARR now generated primarily from non-bare metal services. DOCN’s cost structure showed clear investment alongside solid operating p...

A month has gone by since the last earnings report for Meta Platforms (META). Shares have added about 3.8% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Meta Platforms due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Meta Platforms, Inc. before we dive into how investors and analysts have reacted as of late. Meta Platforms delivered first-quarter 2026 earnings of $7.31 per share, which rose 13.7% year over year and beat the Zacks Consensus Estimate by 8.94%. Revenues surged 33.1% year over year to $56.31 billion, topping the consensus mark by 1.47%. At constant currency (cc), revenues soared 29% year over year.The reported quarter reflected sturdy demand across Meta’s ad ecosystem and healthy usage trends, with Family daily active people (DAP) averaging 3.56 billion in March 2026. Management also highlighted progress in artificial intelligence (AI), including the release of its first model from Meta Superintelligence Labs. Family of Apps continued to do the heavy lifting. Revenues from Family of Apps (99.3% of total revenues), which includes Facebook, Instagram, Messenger, WhatsApp and other services, increased 33.4% year over year to $55.91 billion. Advertising revenues were $55.02 billion in the first quarter, up 33%, while Family of Apps' other revenues jumped 73.5% year over year to $885 million.The advertising results were supported by improving monetization fundamentals. Ad impressions delivered across the Family of Apps increased 19% year over year. Average price per ad rose 12%, indicating that Meta Platforms is capturing both higher volume and better pricing across its surfaces. Meta Platforms pointed to ongoing traction from recommendation and ranking work across its apps. On Instagram, the company said ranking improvements in the reported quarter drove a 10% lift in reel time spent, underscoring the importance of short-form video engagement as a usage driver.Facebook also showed notable momentum in video consumption. Meta Platforms said total video time on Facebook increased more than 8% globally in the quarter, marking the largest quarter-over-quarter gain in four years. Management stated these improvements were the product...

It has been about a month since the last earnings report for Spotify (SPOT). Shares have added about 15.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Spotify due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Spotify Technology before we dive into how investors and analysts have reacted as of late. Spotify Technology delivered first-quarter 2026 results that topped earnings expectations, even as revenues fell modestly short of projections. The company posted earnings of $4.04 per share versus the Zacks Consensus Estimate of $3.72, a surprise of 8.6%. Revenues of $5.31 billion missed the consensus mark of $5.36 billion by 1.09%. Spotify exited the quarter with 761 million monthly active users, up 12% year over year and 1% sequentially. Premium subscribers reached 293 million, an increase of 9% from the year-ago period and up 1% from the prior quarter, reflecting 3 million quarterly net adds. Ad-supported MAUs climbed to 483 million, representing 14% year-over-year growth and a 1% quarter-over-quarter increase. Management attributed the broad-based MAU outperformance to regional strength led by Rest of World and North America, alongside mobile free-tier enhancements that supported accelerated user growth. Product initiatives in the quarter leaned into personalization and deeper content context. Spotify rolled out Taste Profile in beta to Premium listeners in New Zealand, giving users a clearer view of how the platform interprets listening habits and allowing them to refine preferences that shape recommendations. The company also expanded Prompted Playlist in beta to the United States and Canada, enabling Premium users to describe what they want to hear in their own words, with the feature now extending into podcasts. Beyond personalization, Spotify highlighted deeper music insights through SongDNA, which was rolled out globally to Premium users in beta, and About the Song, introduced in select markets through swipeable cards designed to add context to listening. Premium segment momentum remained the key revenue driver. Premium revenues grew 10% year over year, supported by subscriber growth. On a constant-currency basis, Premium revenue was up 15% year over year, with ARPU...

Interested in Peloton Interactive, Inc.? Here are five stocks we like better. Peloton reported stronger-than-expected third-quarter revenue, returned to profitability, and raised its free cash flow outlook as the company continues working through its long-running turnaround effort. Peloton’s commercial business was a strong performer during the quarter, with revenue rising 14% year over year, and could become a significant long-term growth opportunity for the company. Although shares initially rallied following earnings, the stock later gave back most of those gains, suggesting Wall Street may be waiting for more consistent signs that Peloton’s turnaround can drive sustainable growth. Shares of Peloton Interactive Inc. (NASDAQ: PTON) have been attempting a comeback after hitting a 52-week low in mid-March. The stock has climbed more than 40% since then, as the market has seemingly begun to buy into the idea that the company’s long-running turnaround effort may finally be gaining traction. → 3 Crucial Aerospace Component Makers That Analysts Love Peloton’s latest earnings report added to that optimism, with shares rallying after the company reported fiscal third-quarter 2026 results on May 7. However, the stock has since given back most of those gains, leaving some investors wondering whether it’s actually time to get back on the bike. Peloton’s Q3 results for fiscal year 2026 (FY2026) offered some encouraging signs for investors. The company reported revenue of roughly $631 million, up 1% year over year and topping Wall Street expectations by nearly $13 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $126 million, up 41% from the previous year, while net debt declined 70% year over year. → McDonald's Is the Cheapest It’s Been in Years—Does That Make It a Buy? The company also returned to profitability, reporting net income of $26 million. Earnings per share of 6 cents improved from a loss of 12 cents in the year-ago quarter, though results came in a penny below expectations. Gross margin rose 90 basis points year over year to 52%, but came in below the company’s guidance due to promotions on its connected fitness equipment. The commercial business unit was a strong performer during the quarter, with a 14% year-over-year rise in revenue. The company is looking to build on that momentum with the release of...

Planet Fitness (PLNT) and Peloton (PTON) both reported quarterly earnings results, with the former cutting its outlook while the latter posted a profit. Yahoo Finance Senior Reporter Brooke DiPalma talks more about the "K-shaped fitness economy" in the video above.

Management is evolving Peloton from a connected fitness company to a 'connected wellness' company to capture share in the $7 trillion global wellness economy. The return to positive year-over-year revenue growth in Q3 was driven by higher equipment sales across both Peloton and Precor brands, alongside 14% growth in the commercial business unit. Strategic content licensing, exemplified by the new Spotify partnership, aims to grow the brand via high-margin, diversified revenue streams without the high cost of direct subscriber acquisition. The commercial business is a key growth vector, with management estimating they hold only a 3% share of a $10 billion global market and are launching a new 'Commercial Series' to capture heavy-traffic gym demand. Operational excellence initiatives have rightsized the cost structure, delivering over $1 million in annualized revenue per employee and enabling positive net income for the first time in company history. Marketing efficiency is being managed through a strict LTV-to-CAC framework, with management pulling promotional levers in Q3 only when achieving a 2x ratio. Management expects to achieve positive net income and positive operating income for the full fiscal year 2026, marking a significant shift from defensive to offensive financial positioning. Revenue growth is expected to materialize in total revenue first—driven by commercial units and licensing—before reflecting in net subscriber additions. A holistic capital allocation strategy is being finalized, focusing on reducing the cost of capital, increasing flexibility for share repurchases, and minimizing dilution through net settlement of equity. The R&D pipeline includes new hardware and features for the fall, specifically targeting price accessibility in existing modalities and expanding the strength equipment portfolio. Full-year free cash flow is projected to be in the vicinity of $350 million, supported by a $15 million reduction in expected tariff exposure. The company successfully reduced net debt by 70% year-over-year, ending the quarter with $1.13 billion in cash after retiring $200 million in convertible debt. A $10 million prepayment penalty on the company's term loan expires at the end of the month, which management cited as a prerequisite for evaluating debt optimization and capital returns. Executive compensation and corporate overhead were reallocat...

Spotify Technology S.A.'s (NYSE:SPOT) earnings announcement last week was disappointing for investors, despite the decent profit numbers. We did some digging and actually think they are being unnecessarily pessimistic. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Over the twelve months to March 2026, Spotify Technology recorded an accrual ratio of -0.35. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. In fact, it had free cash flow of €3.2b in the last year, which was a lot more than its statutory profit of €2.71b. Spotify Technology shareholders are no doubt pleased that free cash flow improved over the last twelve months. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, Spotify Technology's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Because of this, we think Spotify Technology's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And on top of that, its earnings per share have grown at an extremely impressive rate over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. Ultimately, this article has formed an opinion based on historical data. However,...