Spotify Technology S.A. (SPOT)

NYSE: SPOT · Real-Time Price · USD

561.16

-19.06 (-3.28%)

At close: Mar 28, 2025, 4:00 PM

558.91

-2.25 (-0.40%)

After-hours: Mar 28, 2025, 7:59 PM EDT

Spotify Technology Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Revenue	15,673	13,247	11,727	9,668	7,880	Upgrade
Revenue Growth (YoY)	18.31%	12.96%	21.30%	22.69%	16.50%	Upgrade
Cost of Revenue	10,932	9,799	8,801	7,077	5,865	Upgrade
Gross Profit	4,741	3,448	2,926	2,591	2,015	Upgrade
Selling, General & Admin	1,856	1,999	2,198	1,585	1,471	Upgrade
Research & Development	1,477	1,531	1,387	912	837	Upgrade
Operating Expenses	3,333	3,530	3,585	2,497	2,308	Upgrade
Operating Income	1,408	-82	-659	94	-293	Upgrade
Interest Expense	-36	-38	-41	-69	-54	Upgrade
Interest & Investment Income	242	131	47	11	17	Upgrade
Currency Exchange Gain (Loss)	30	-52	72	47	-129	Upgrade
Other Non Operating Income (Expenses)	-260	-100	211	166	-250	Upgrade
EBT Excluding Unusual Items	1,384	-141	-370	249	-709	Upgrade
Merger & Restructuring Charges	-	-241	-	-	-	Upgrade
Asset Writedown	-43	-123	-	-	-	Upgrade
Pretax Income	1,341	-505	-370	249	-709	Upgrade
Income Tax Expense	203	27	60	283	-128	Upgrade
Earnings From Continuing Operations	1,138	-532	-430	-34	-581	Upgrade
Net Income to Company	1,138	-532	-430	-34	-581	Upgrade
Net Income	1,138	-532	-430	-34	-581	Upgrade
Net Income to Common	1,138	-532	-430	-34	-581	Upgrade
Shares Outstanding (Basic)	201	195	193	191	188	Upgrade
Shares Outstanding (Diluted)	207	195	196	194	188	Upgrade
Shares Change (YoY)	6.30%	-0.57%	0.98%	3.39%	3.66%	Upgrade
EPS (Basic)	5.67	-2.73	-2.23	-0.18	-3.10	Upgrade
EPS (Diluted)	5.50	-2.73	-2.93	-1.03	-3.10	Upgrade
Free Cash Flow	2,284	674	21	276	181	Upgrade
Free Cash Flow Per Share	11.03	3.46	0.11	1.42	0.96	Upgrade
Gross Margin	30.25%	26.03%	24.95%	26.80%	25.57%	Upgrade
Operating Margin	8.98%	-0.62%	-5.62%	0.97%	-3.72%	Upgrade
Profit Margin	7.26%	-4.02%	-3.67%	-0.35%	-7.37%	Upgrade
Free Cash Flow Margin	14.57%	5.09%	0.18%	2.85%	2.30%	Upgrade
EBITDA	1,477	8	-488	221	-182	Upgrade
EBITDA Margin	9.42%	0.06%	-4.16%	2.29%	-2.31%	Upgrade
D&A For EBITDA	69	90	171	127	111	Upgrade
EBIT	1,408	-82	-659	94	-293	Upgrade
EBIT Margin	8.98%	-0.62%	-5.62%	0.97%	-3.72%	Upgrade
Effective Tax Rate	15.14%	-	-	113.66%	-	Upgrade

Updated Feb 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q