Spotify’s Stock Up 5.5% on Fresh $1.5B Stock Buyback Program
The company, which has seen its stock fall more than 30% since it closed at record highs in June 2025, can now buy back up to $2.2 billion of its own stock.
Spotify's share price climbed nearly 5.5% on Friday, Aug. 21, after the company's board approved up to $1.5 billion in additional stock buybacks. The streaming giant currently holds $723 million in cash set aside for stock buybacks, brought about by an earlier repurchase plan. This supplementation now expands the stock buyback program to approximately $2.223 billion.
Spotify had previously experienced a 30-40% surge in share price last summer, reaching an all-time high of $775.90 on June 26, 2025. This was attributed to hitting user milestones and expanding profit margins. However, since August 20, the price has dropped more than 30% to $533.13 as investors have cashed out and the growth story has become more complex.
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