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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
685.29
+11.63 (1.73%)
At close: Oct 10, 2025, 4:00 PM EDT
682.00
-3.29 (-0.48%)
After-hours: Oct 10, 2025, 7:59 PM EDT

Spotify Technology Operating Metrics

Period EndingJun 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
5.315.505.635.475.375.295.345.04
Premium Avg. Revenue Per User Growth
-1.08%3.96%5.43%8.53%8.20%5.32%1.10%-6.26%

Revenue by Segment

Period EndingJun 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
17.12B16.66B16.06B15.43B14.73B14.06B13.42B12.90B
Premium Growth
16.20%18.54%19.61%19.68%16.94%14.45%12.70%12.93%
Ad-Supported
2.19B2.19B2.15B2.11B2.08B2.02B1.95B1.95B
Ad-Supported Growth
4.91%8.21%10.29%8.28%10.88%10.68%10.16%18.16%

Users

Period EndingJun 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
696.00M678.00M675.00M640.00M626.00M615.00M602.00M574.00M
Total Growth
11.18%10.24%12.13%11.50%13.61%19.42%23.11%25.88%
Ad-Supported
433.00M423.00M425.00M402.00M393.00M388.00M379.00M361.00M
Ad-Supported Growth
10.18%9.02%12.14%11.36%14.58%22.40%28.47%32.23%
Premium
276.00M268.00M263.00M252.00M246.00M239.00M236.00M226.00M
Premium Growth
12.20%12.13%11.44%11.50%11.82%13.81%15.12%15.90%

Gross Margin by Segment

Period EndingJun 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
33.10%33.50%34.70%33.50%31.40%30.20%29.10%29.10%
Total
31.50%31.60%32.20%31.10%29.20%27.60%26.70%26.40%
Ad-Supported
18.30%15.30%15.10%13.10%13.40%6.40%11.60%8.30%

Revenue by Geography

Period EndingJun 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
10.34B9.62B9.35B9.04B8.68B8.27B7.88B7.54B
Other Countries Growth
19.13%16.29%18.59%19.89%18.88%16.76%15.06%14.48%
United States
7.57B7.43B7.13B6.85B6.56B6.31B6.07B5.89B
United States Growth
15.35%17.72%17.44%16.34%13.21%11.25%10.89%13.15%
United Kingdom
-1.80B1.72B1.65B1.56B1.49B1.43B1.37B1.33B
United Kingdom Growth
-20.42%20.57%20.29%17.76%14.25%10.51%7.48%6.23%
Luxembourg
13.94M12.78M11.62M10.46M10.46M10.46M10.46M8.13M--
Luxembourg Growth
33.33%22.22%11.11%28.57%28.57%28.57%28.57%---

Operating Expense Breakdown

Period EndingJun 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
1.76B1.71B1.73B1.83B1.86B1.95B2.00B1.94B
Research and Development Growth
-5.79%-12.09%-13.86%-5.62%-4.97%6.81%24.37%36.49%
Sales and Marketing
1.63B1.61B1.62B1.66B1.69B1.75B1.78B1.81B
Sales and Marketing Growth
-3.51%-8.48%-9.20%-7.92%-10.85%-6.96%-2.48%6.51%
General and Administrative
572.79M560.01M558.84M597.19M616.94M659.92M679.68M690.13M
General and Administrative Growth
-7.16%-15.14%-17.78%-13.47%-15.04%-10.55%-6.55%1.02%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.