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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
583.61
-5.62 (-0.95%)
At close: Nov 21, 2025, 4:00 PM EST
585.80
+2.19 (0.38%)
After-hours: Nov 21, 2025, 7:58 PM EST

Spotify Technology Operating Metrics

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium Avg. Revenue Per User
5.225.275.455.595.435.335.255.30
Premium Avg. Revenue Per User Growth
-3.82%-1.08%3.96%5.43%8.53%8.20%5.32%1.10%

Revenue by Segment

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
17.35B16.99B16.54B15.94B15.32B14.62B13.95B13.32B
Premium Growth
13.23%16.20%18.54%19.61%19.68%16.94%14.45%12.70%
Ad-Supported
2.14B2.17B2.17B2.14B2.10B2.07B2.01B1.94B
Ad-Supported Growth
2.04%4.91%8.21%10.29%8.28%10.88%10.68%10.16%

Users

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Total
640.00M696.00M678.00M675.00M640.00M626.00M615.00M602.00M
Total Growth
-11.18%10.24%12.13%11.50%13.61%19.42%23.11%
Ad-Supported
402.00M433.00M423.00M425.00M402.00M393.00M388.00M379.00M
Ad-Supported Growth
-10.18%9.02%12.14%11.36%14.58%22.40%28.47%
Premium
252.00M276.00M268.00M263.00M252.00M246.00M239.00M236.00M
Premium Growth
-12.20%12.13%11.44%11.50%11.82%13.81%15.12%

Gross Margin by Segment

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
33.20%33.10%33.50%34.70%33.50%31.40%30.20%29.10%
Total
31.60%31.50%31.60%32.20%31.10%29.20%27.60%26.70%
Ad-Supported
18.40%18.30%15.30%15.10%13.10%13.40%6.40%11.60%

Revenue by Geography

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Other Countries
11.02B10.26B9.55B9.28B8.97B8.61B8.21B7.82B
Other Countries Growth
22.80%19.13%16.29%18.59%19.89%18.88%16.76%15.06%
United States
7.52B7.51B7.37B7.08B6.80B6.51B6.26B6.03B
United States Growth
10.69%15.35%17.72%17.44%16.34%13.21%11.25%10.89%
United Kingdom
--1.78B1.71B1.63B1.55B1.48B1.42B1.36B1.32B
United Kingdom Growth
--20.42%20.57%20.29%17.76%14.25%10.51%7.48%6.23%
Luxembourg
14.99M13.84M12.69M11.53M10.38M10.38M10.38M10.38M--
Luxembourg Growth
44.44%33.33%22.22%11.11%28.57%28.57%28.57%28.57%--

Operating Expense Breakdown

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Research and Development
1.71B1.74B1.70B1.71B1.82B1.85B1.94B1.99B
Research and Development Growth
-6.27%-5.79%-12.09%-13.86%-5.62%-4.97%6.81%24.37%
Sales and Marketing
1.64B1.62B1.59B1.61B1.65B1.68B1.74B1.77B
Sales and Marketing Growth
-0.77%-3.51%-8.48%-9.20%-7.92%-10.85%-6.96%-2.48%
General and Administrative
567.40M568.55M555.87M554.71M592.77M612.38M655.05M674.65M
General and Administrative Growth
-4.28%-7.16%-15.14%-17.78%-13.47%-15.04%-10.55%-6.55%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.