Will Spotify say “Headwind”?

Spotify said “Headwind” 1 time on its Oct 22, 2026 call (FY26 Q3), and on 5 of its last 8 calls: 0, 1, 1, 0, 2, 0, 1, 1 times. As of Oct 24, 2026, Spotify said “Headwind” at 2 of 3 occasions with a settled Kalshi mention market since Apr 28, 2026 (67%), most recently on Oct 22, 2026. Parrot’s p for the next listing is 64% (n=3, from settlement history blended with transcripts), not a forecast.

64%from settlement history blended with transcripts · n=3Next: Earnings call, Feb 2, 2027 · counts: company speakers + operator
Last 10
2/3Last 10 settled, oldest to newest: no yes yes
Streak
said the last 2 times
Counts
company speakers + operator
Market
69¢ Kalshi (may be delayed)
Updated

Where it was said

quotes of at most 25 words; select an appearance

Spotify

Headwind

Probability
64% · n=3
Settled
2/3 (67%)
Last calls
said in 5 of 8

Next listing counts: company speakers + operator

FY26 Q3 earnings call, Oct 22, 2026 · said 1 time (counts)

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Counts: company speakers + operator

1 counted (1 in prepared remarks, 0 in Q&A).

Gustav SöderströmcompanypreparedIn transcript

…really turning the growth of agents into a tailwind rather than a headwind. That is exactly what we are seeing now. We are seeing really…

FY26 Q2 earnings call, Aug 4, 2026 · said 1 time (counts)

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Counts: company speakers + operator

1 counted (1 in prepared remarks, 0 in Q&A).

Gustav SöderströmcompanypreparedIn transcript

…going to be more variable cost per user. This could be a headwind, or it could be a tailwind. We decided to start working on…

FY26 Q1 earnings call, Apr 28, 2026 · not said

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FY25 Q4 earnings call, Feb 10, 2026 · said 2 times (counts)

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Counts: company speakers + operator (not listed here; the usual rule)

2 counted (2 in prepared remarks, 0 in Q&A).

Christian LuigacompanypreparedIn transcript

…the effects of unfavorable currency movements which results in an incremental €35,000,000 headwind when compared to prior-quarter exchange rates. We expect a quarter one gross…

Gustav SöderströmcompanypreparedIn transcript

…is that if you capture it, it is an opportunity. Not a headwind. This is what we are focused on, and we feel very well…

FY25 Q3 earnings call, Nov 4, 2025 · not said

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FY25 Q2 earnings call, Jul 29, 2025 · said 1 time (counts)

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FY25 Q1 earnings call, Apr 29, 2025 · said 1 time (counts)

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FY24 Q4 earnings call, Feb 4, 2025 · not said

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Every settled listing

newest first · 3 shown
Every settled listing of this word, newest first
DateListed asVenueResultOur count
Oct 22, 2026HeadwindKalshiYes1
Aug 4, 2026HeadwindKalshiYes1
Apr 28, 2026HeadwindKalshiNo0

Questions

How many times did Spotify say “Headwind” on its last earnings call?
Spotify said “Headwind” 1 time on its Oct 22, 2026 call (FY26 Q3), and on 5 of its last 8 calls: 0, 1, 1, 0, 2, 0, 1, 1 times.
How often does Spotify say “Headwind”?
As of Oct 24, 2026, Spotify said “Headwind” at 2 of 3 occasions with a settled Kalshi mention market since Apr 28, 2026 (67%), most recently on Oct 22, 2026.
What is the probability Spotify says “Headwind” next time?
64%, from settlement history blended with transcripts (n=3). It is a base rate from history, not a forecast and not advice.
Who has to say it for the market to count?
Under the next market's rule: company speakers + operator.

Cite parrot.markets, “Spotify: ‘Headwind’ mention history”, as of Oct 24, 2026, https://parrot.markets/earnings/SPOT/words/headwind (CC BY 4.0)

Agents: this page as TSV at /api/v1/word?entity=spotify&word=headwind · quotes: /api/v1/quotes?entity=spotify&word=… · columnar JSON in #parrot-data · llms.txt · MCP