Spotify (SPOT) shares have been rather muted in 2026, but the derivatives market believes some near-term recovery is possible after the company’s earnings event on Oct. 22. Consensus is for SPOT to record $3.10 in earnings per share (EPS) for its third financial quarter, which would represent about a 19% decline on a year-over-year basis.
Ahead of the quarterly print, Spotify stock is down roughly 10% versus the start of this year.