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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
607.38
-29.39 (-4.62%)
Feb 21, 2025, 4:00 PM EST - Market closed

Spotify Technology Revenue by Segment
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
Premium
14.32B 13.76B 13.14B 12.54B 11.97B 11.50B 11.23B 10.95B
Premium Growth
19.61% 19.68% 16.94% 14.45% 12.70% 12.93% 15.87% 18.68%
Ad-Supported
1.92B 1.88B 1.86B 1.80B 1.74B 1.74B 1.68B 1.63B
Ad-Supported Growth
10.29% 8.28% 10.88% 10.68% 10.16% 18.16% 18.98% 23.47%

Gross Margin by Segment
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
Premium
35.95% 34.71% 32.53% 31.29% 30.15% 30.15% 29.42% 29.63%
Total
33.36% 32.22% 30.25% 28.60% 27.66% 27.35% 26.42% 26.11%
Ad-Supported
15.64% 13.57% 13.88% 6.63% 12.02% 8.60% -5.91% -3.11%

Users
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
Total
699.34M 663.08M 648.57M 637.17M 623.70M 594.70M 570.87M 533.57M
Total Growth
12.13% 11.50% 13.61% 19.42% 23.11% 25.88% 27.25% 22.04%
Ad-Supported
440.32M 416.49M 407.17M 401.99M 392.66M 374.02M 355.37M 328.43M
Ad-Supported Growth
12.14% 11.36% 14.58% 22.40% 28.47% 32.23% 33.98% 25.79%
Premium
272.48M 261.09M 254.87M 247.62M 244.51M 234.15M 227.93M 217.57M
Premium Growth
11.44% 11.50% 11.82% 13.81% 15.12% 15.90% 17.02% 15.38%

Operating Metrics

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
Premium Avg. Revenue Per User
5.02 4.88 4.79 4.71 4.77 4.50 4.42 4.48
Premium Avg. Revenue Per User Growth
5.43% 8.53% 8.20% 5.32% 1.10% -6.26% -5.95% -1.37%

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
8.33B 8.06B 7.74B 7.38B 7.03B 6.72B 6.51B 6.32B
Other Countries Growth
18.59% 19.89% 18.88% 16.76% 15.06% 14.48% 15.48% 16.96%
US
6.36B 6.11B 5.85B 5.63B 5.41B 5.25B 5.17B 5.06B
US Growth
17.44% 16.34% 13.21% 11.25% 10.89% 13.15% 19.01% 24.52%
United Kingdom
1.54B 1.47B 1.39B 1.33B 1.27B 1.22B 1.18B 1.16B
United Kingdom Growth
20.57% 20.29% 17.76% 14.25% 10.51% 7.48% 6.23% 7.77%
Luxembourg
10.36M 9.32M 9.32M 9.32M 9.32M 7.25M 7.25M 7.25M
Luxembourg Growth
11.11% 28.57% 28.57% 28.57% 28.57% - - -

Operating Expense Breakdown
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
Research and Development
1.54B 1.63B 1.66B 1.74B 1.79B 1.73B 1.75B 1.63B
Research and Development Growth
-13.86% -5.62% -4.97% 6.81% 24.37% 36.49% 61.32% 62.73%
Sales and Marketing
1.44B 1.48B 1.51B 1.56B 1.59B 1.61B 1.69B 1.68B
Sales and Marketing Growth
-9.20% -7.92% -10.85% -6.96% -2.48% 6.51% 24.79% 35.82%
General and Administrative
498.34M 532.53M 550.15M 588.48M 606.09M 615.42M 647.53M 657.89M
General and Administrative Growth
-17.78% -13.47% -15.04% -10.55% -6.55% 1.02% 17.26% 32.57%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.