Spotify Trading Volume Surges 49.28% to $23.67 Billion Ranking 17th in Market

On April 28, 2025, Spotify's trading volume reached $23.67 billion, marking a 49.28% increase from the previous day, placing it 17th in the day's stock market rankings. However, Spotify Technology (SPOT) shares fell by 3.70%.

Spotify has made significant strides in the podcasting arena, confirming a Q1 2025 payout of over $100 million to podcasters. This investment underscores Spotify's commitment to expanding its video content offerings and supporting creators in the podcasting space.

Spotify's focus on profitability has been noted by analysts, who have maintained an 'Outperform' rating and increased the price target for Spotify stock to $665 from $600. This positive outlook is driven by Spotify's strategic investments and efforts to enhance its content library and user experience.