Spotify to Splash 1 Billion Buying its Own Stock for the Next 5 Years

Podcast and music streaming platform Spotify announced that  it will spend up to $1 billion between now and April 21, 2026 to repurchase its own shares. 

The company is buying its own shares rewards and build wealth for its shareholders. 

According to Tech Crunch, a public company using some of its cash to repurchase its shares is nothing new. Many public companies, including Apple, Alphabet and Microsoft, have active share repurchase programs. 

The publications reports, its common to see mature or nearly mature companies devoting a fraction of their balance sheet or a regular percentage of their free cash flow to buying back their own equity.

Spotify’s current market cap, with the company valued at $41.06 billion. 

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