For companies with multiple common share classes, market capitalization includes both classes. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. Market Capitalization Reflects the total market value of a company.

Earnings Per Share (TTM) A company's net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding. NOW READ: MBW’s analysis of what Spotify’s $100m-plus deal with Joe Rogan could mean for songwriters and record labels.P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period. Meanwhile, Forbes suggests The Joe Rogan Experience is currently making $30m in revenues per year, though whether Spotify will get a cut of that number – and how SPOT’s own podcast ad tech might affect it – currently remain unknown.

The JRE was the most popular podcast on Apple platforms last year, beating the New York Times’ The Daily into second spot. In April last year, Rogan stated that his podcast was being downloaded 190m times each month. Over a thousand Joe Rogan podcasts will land on Spotify on September 1, with both the audio and video of these episodes becoming exclusive on SPOT – and therefore unavailable on YouTube and Apple Podcasts – later this year. The $189.90 share price the company closed with yesterday was its highest day-end stock level since August 2018. You can see how dramatic a rise this was for Spotify’s company valuation in historical terms below. In other words, from 2.30pm ET on Tuesday to the close of trading on Wednesday, Spotify’s market cap value grew by nearly $4bn ($3.79bn). Yesterday (Wednesday May 20), as the potential enormity of the Joe Rogan deal for Spotify’s future became clearer to the markets, the company’s market cap soared again.Ĭlimbing 8.56% over the course of the day, Spotify’s share price on the NYSE at the bell was $189.90, equivalent to a market cap of $35.29bn. By the end of trading on Tuesday, SPOT’s market cap had climbed to $32.55bn, according to Google Finance data analyzed by MBW.

Spotify stock value