Spotify Technology S.A. (SPOT)

NYSE: SPOT · IEX Real-Time Price · USD

281.23

-22.08 (-7.28%)

At close: Apr 24, 2024, 4:00 PM

278.25

-2.98 (-1.06%)

After-hours: Apr 24, 2024, 7:59 PM EDT

Spotify Technology Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	13,247	11,727	9,668	7,880	6,764	5,259	4,090	2,952	1,940
Revenue Growth (YoY)	12.96%	21.30%	22.69%	16.50%	28.62%	28.58%	38.55%	52.16%	-
Cost of Revenue	9,850	8,801	7,077	5,865	5,042	3,906	3,241	2,551	1,714
Gross Profit	3,397	2,926	2,591	2,015	1,722	1,353	849	401	226
Selling, General & Admin	2,118	2,198	1,585	1,471	1,180	903	831	543	325
Research & Development	1,725	1,387	912	837	615	493	396	207	136
Operating Expenses	3,843	3,585	2,497	2,308	1,795	1,396	1,227	750	461
Operating Income	-446	-659	94	-293	-73	-43	-378	-349	-235
Interest Expense / Income	220	132	91	510	333	584	974	336	26
Other Expense / Income	-161	-421	-246	-94	-275	-454	-119	-150	-36
Pretax Income	-505	-370	249	-709	-131	-173	-1,233	-535	-225
Income Tax	27	60	283	-128	55	-95	2	4	5
Net Income	-532	-430	-34	-581	-186	-78	-1,235	-539	-230
Shares Outstanding (Basic)	195	193	191	188	181	177	152	148	142
Shares Outstanding (Diluted)	195	196	194	188	181	181	152	148	142
Shares Change	-0.57%	0.98%	3.39%	3.66%	-0.14%	19.48%	2.22%	4.52%	-
EPS (Basic)	-2.73	-2.23	-0.18	-3.10	-1.03	-0.44	-8.14	-3.63	-1.62
EPS (Diluted)	-2.73	-2.93	-1.03	-3.10	-1.03	-0.51	-8.14	-3.63	-1.62
Free Cash Flow	674	21	276	181	438	219	143	74	-87
Free Cash Flow Per Share	3.46	0.11	1.44	0.96	2.42	1.24	0.94	0.50	-0.61
Gross Margin	25.64%	24.95%	26.80%	25.57%	25.46%	25.73%	20.76%	13.58%	11.65%
Operating Margin	-3.37%	-5.62%	0.97%	-3.72%	-1.08%	-0.82%	-9.24%	-11.82%	-12.11%
Profit Margin	-4.02%	-3.67%	-0.35%	-7.37%	-2.75%	-1.48%	-30.20%	-18.26%	-11.86%
Free Cash Flow Margin	5.09%	0.18%	2.85%	2.30%	6.48%	4.16%	3.50%	2.51%	-4.48%
Effective Tax Rate	-	-	113.65%	-	-	-	-	-	-
EBITDA	-127	-67	467	-88	289	443	-205	-161	-169
EBITDA Margin	-0.96%	-0.57%	4.83%	-1.12%	4.27%	8.42%	-5.01%	-5.45%	-8.71%
Depreciation & Amortization	158	171	127	111	87	32	54	38	30
EBIT	-285	-238	340	-199	202	411	-259	-199	-199
EBIT Margin	-2.15%	-2.03%	3.52%	-2.53%	2.99%	7.82%	-6.33%	-6.74%	-10.26%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).