Spotify has elevated the dimensions of its share repurchase program by a further USD $1.5 billion.
The corporate’s Board of Administrators permitted the rise, which Spotify confirmed in a press launch on Thursday (August 20).
With $723 million left beneath the prevailing program, the rise raises Spotify‘s whole authorization to roughly $2.223 billion.
This system “will run for so long as the shareholders’ authorization to the Board of Administrators to repurchase odd shares stays in pressure (together with by renewal),” Spotify stated.
Spotify stated the timing and variety of shares it buys again would rely on elements together with “the renewal of repurchase authorization by shareholders, worth, common enterprise and market circumstances, and various funding alternatives.”
Repurchases might be made “every so often utilizing quite a lot of strategies, together with open market purchases,” in keeping with US Securities and Alternate Fee guidelines, the corporate stated.
This system doesn’t commit Spotify to purchasing any set variety of shares and “could also be suspended or discontinued at any time on the Firm’s discretion.”
Spotify first launched its buyback program in 2021, when its board permitted repurchases of as much as $1.0 billion of odd shares, following approval from shareholders at a common assembly.
The corporate added an additional $1.0 billion to that authorization in July 2025.
Spotify isn’t the one large-scale music trade participant to be shopping for again its shares.
Common Music Group launched its first-ever share buyback program, value €500 million ($575m), in March, and doubled that authorization to €1 billion the next month.
It used €250 million of this expanded authorization in June to purchase again shares instantly from Invoice Ackman‘s Pershing Sq., because the fund exited the corporate after its $64 billion takeover bid was rejected.
UMG accomplished the unique €500 million program in July, having spent €499.2 million shopping for again its personal inventory.
Then, in August, it kicked off an further €250 million ($288m) tranche of this system.
UMG confirmed in April that it could promote half of its Spotify stake, a transfer anticipated to generate round $1.4 billion, to assist fund its personal share buyback program.
In accordance with UMG‘s 2025 annual report, the corporate held 6,487,000 Spotify shares on the finish of that 12 months, equal to a 3.10% stake.
Spotify grew its Premium subscriber base by 7 million to 300 million paying customers in Q2 2026, and now counts 777 million Month-to-month Energetic Customers throughout 184 markets.
Spotify generated whole income of EUR €4.777 billion ($5.56bn) within the quarter up 14% year-over-year, and posted quarterly working revenue of €655 million ($762m).
The agency’s Premium month-to-month common income per consumer stood at €4.89 ($5.69), up 7.4% year-over-year at fixed foreign money.
Spotify ended Q2 with €9.4 billion in money, restricted money, and short-term investments.Music Enterprise Worldwide
