Why These 15 Communication Services Stocks Are up the Most So Far in 2025

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13. Spotify Technology SA (NYSE:SPOT)

Number of Hedge Fund Holders In Q4 2024: 101

Spotify Technology SA (NYSE:SPOT) is the world’s largest audio streaming subscription service, offering music, podcasts, and audiobooks to over 675 million users in 184 markets.

The most important reason for the surge in 2025 was the announcement of a renewed multi-year partnership with Universal Music Group in early February, which sparked a 9.3% single-day gain. This deal reassured investors about Spotify’s content pipeline and revenue-sharing model, while also supporting innovation and artist success.

Other key drivers include the launch of new subscription tiers and the expansion into educational content, which diversified revenue streams and tapped into new user segments.

The consensus price target of $593.95 implies 1.9% downside.

SPOT stock is up 35.44% year-to-date.

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