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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
636.67
-27.29 (-4.11%)
At close: May 29, 2025, 4:00 PM
635.00
-1.67 (-0.26%)
After-hours: May 29, 2025, 7:59 PM EDT

Spotify Technology Revenue by Segment
Period Ending Mar 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
14.34B 13.82B 13.28B 12.68B 12.10B 11.55B 11.10B 10.84B
Premium Growth
18.54% 19.61% 19.68% 16.94% 14.45% 12.70% 12.93% 15.87%
Ad-Supported
1.88B 1.85B 1.82B 1.79B 1.74B 1.68B 1.68B 1.62B
Ad-Supported Growth
8.21% 10.29% 8.28% 10.88% 10.68% 10.16% 18.16% 18.98%

Gross Margin by Segment
Period Ending Mar 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
33.50 34.70 33.50 31.40 30.20 29.10 29.10 28.40
Total
31.60 32.20 31.10 29.20 27.60 26.70 26.40 25.50
Ad-Supported
15.30 15.10 13.10 13.40 6.40 11.60 8.30 -5.70

Users
Period Ending Mar 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
678.00M 675.00M 640.00M 626.00M 615.00M 602.00M 574.00M 551.00M
Total Growth
10.24% 12.13% 11.50% 13.61% 19.42% 23.11% 25.88% 27.25%
Ad-Supported
423.00M 425.00M 402.00M 393.00M 388.00M 379.00M 361.00M 343.00M
Ad-Supported Growth
9.02% 12.14% 11.36% 14.58% 22.40% 28.47% 32.23% 33.98%
Premium
268.00M 263.00M 252.00M 246.00M 239.00M 236.00M 226.00M 220.00M
Premium Growth
12.13% 11.44% 11.50% 11.82% 13.81% 15.12% 15.90% 17.02%

Operating Metrics

Period Ending Mar 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
4.73 4.85 4.71 4.62 4.55 4.60 4.34 4.27
Premium Avg. Revenue Per User Growth
3.96% 5.43% 8.53% 8.20% 5.32% 1.10% -6.26% -5.95%

Revenue by Geography
Period Ending Dec 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
8.04B 7.78B 7.47B 7.12B 6.78B 6.49B 6.28B 6.10B
Other Countries Growth
18.59% 19.89% 18.88% 16.76% 15.06% 14.48% 15.48% 16.96%
US
6.14B 5.90B 5.65B 5.43B 5.23B 5.07B 4.99B 4.88B
US Growth
17.44% 16.34% 13.21% 11.25% 10.89% 13.15% 19.01% 24.52%
United Kingdom
1.48B 1.42B 1.35B 1.28B 1.23B 1.18B 1.14B 1.12B
United Kingdom Growth
20.57% 20.29% 17.76% 14.25% 10.51% 7.48% 6.23% 7.77%
Luxembourg
10.00M 9.00M 9.00M 9.00M 9.00M 7.00M 7.00M 7.00M
Luxembourg Growth
11.11% 28.57% 28.57% 28.57% 28.57% - - -

Operating Expense Breakdown
Period Ending Mar 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
1.48B 1.49B 1.58B 1.61B 1.68B 1.73B 1.67B 1.69B
Research and Development Growth
-12.09% -13.86% -5.62% -4.97% 6.81% 24.37% 36.49% 61.32%
Sales and Marketing
1.38B 1.39B 1.43B 1.45B 1.51B 1.53B 1.55B 1.63B
Sales and Marketing Growth
-8.48% -9.20% -7.92% -10.85% -6.96% -2.48% 6.51% 24.79%
General and Administrative
482.00M 481.00M 514.00M 531.00M 568.00M 585.00M 594.00M 625.00M
General and Administrative Growth
-15.14% -17.78% -13.47% -15.04% -10.55% -6.55% 1.02% 17.26%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.