Spotify board approves $1.5 billion share buyback increase, raising total authorization to $2.22 billion

Spotify's board approved a $1.5 billion increase to its share repurchase program on August 20, raising total authorization to approximately $2.22 billion, the company confirmed in a press release. The program had $723 million remaining before the increase. Spotify first launched buybacks in 2021 with a $1 billion authorization and added $1 billion more in July 2025.