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.
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Spotify’s stock was up nearly 5.5% on Friday (Aug. 21) following a disclosure the prior evening that the streaming giant’s board had approved up to $1.5 billion in additional stock buybacks.
Spotify still had $723 million cash that was approved to be spent on stock buybacks from an earlier repurchase plan, and the additional approval now super-sizes the stock buyback program to approximately $2.223 billion.
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