Spotify Technology SA
NYSE:SPOT
Spotify Technology SA
NYSE:SPOT
Price:
620.72
USD
2.44%
Market Closed
Market Cap:
124.6B
USD
Income Statement
Earnings Waterfall
Spotify Technology SA
Spotify Technology SA
|
Revenue
|
15.7B
EUR
|
|
Cost of Revenue
|
-10.9B
EUR
|
|
Gross Profit
|
4.7B
EUR
|
|
Operating Expenses
|
-3.3B
EUR
|
|
Operating Income
|
1.4B
EUR
|
|
Other Expenses
|
-270m
EUR
|
|
Net Income
|
1.1B
EUR
|
Income Statement
Spotify Technology SA
Spotify Technology SA
Currency: EUR
Millions
TTM
| Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Revenue |
2 952
N/A
|
3 235
+10%
|
3 528
+9%
|
3 813
+8%
|
4 090
+7%
|
4 327
+6%
|
4 593
+6%
|
4 913
+7%
|
5 259
+7%
|
5 631
+7%
|
6 025
+7%
|
6 404
+6%
|
6 764
+6%
|
7 101
+5%
|
7 323
+3%
|
7 567
+3%
|
7 880
+4%
|
8 179
+4%
|
8 621
+5%
|
9 147
+6%
|
9 668
+6%
|
10 182
+5%
|
10 715
+5%
|
11 250
+5%
|
11 727
+4%
|
12 108
+3%
|
12 421
+3%
|
12 742
+3%
|
13 247
+4%
|
13 841
+4%
|
14 471
+5%
|
15 102
+4%
|
15 673
+4%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(2 551)
|
(2 760)
|
(2 925)
|
(3 093)
|
(3 241)
|
(3 300)
|
(3 469)
|
(3 677)
|
(3 906)
|
(4 188)
|
(4 477)
|
(4 757)
|
(5 042)
|
(5 280)
|
(5 457)
|
(5 653)
|
(5 865)
|
(6 088)
|
(6 346)
|
(6 693)
|
(7 077)
|
(7 468)
|
(7 960)
|
(8 413)
|
(8 801)
|
(9 084)
|
(9 312)
|
(9 498)
|
(9 828)
|
(10 187)
|
(10 494)
|
(10 770)
|
(10 932)
|
|
| Gross Profit |
401
N/A
|
475
+18%
|
603
+27%
|
720
+19%
|
849
+18%
|
1 027
+21%
|
1 124
+9%
|
1 236
+10%
|
1 353
+9%
|
1 443
+7%
|
1 548
+7%
|
1 647
+6%
|
1 722
+5%
|
1 821
+6%
|
1 866
+2%
|
1 914
+3%
|
2 015
+5%
|
2 091
+4%
|
2 275
+9%
|
2 454
+8%
|
2 591
+6%
|
2 714
+5%
|
2 755
+2%
|
2 837
+3%
|
2 926
+3%
|
3 024
+3%
|
3 109
+3%
|
3 244
+4%
|
3 419
+5%
|
3 654
+7%
|
3 977
+9%
|
4 332
+9%
|
4 741
+9%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Expenses |
(750)
|
(858)
|
(974)
|
(1 098)
|
(1 227)
|
(1 307)
|
(1 415)
|
(1 460)
|
(1 396)
|
(1 493)
|
(1 511)
|
(1 549)
|
(1 795)
|
(1 861)
|
(2 070)
|
(2 212)
|
(2 303)
|
(2 353)
|
(2 358)
|
(2 422)
|
(2 494)
|
(2 635)
|
(2 879)
|
(3 272)
|
(3 583)
|
(3 789)
|
(3 815)
|
(3 846)
|
(3 530)
|
(3 776)
|
(3 586)
|
(3 519)
|
(3 333)
|
|
| Selling, General & Administrative |
(543)
|
(613)
|
(686)
|
(763)
|
(831)
|
(876)
|
(936)
|
(944)
|
(903)
|
(959)
|
(969)
|
(1 007)
|
(1 180)
|
(1 239)
|
(1 332)
|
(1 434)
|
(1 466)
|
(1 480)
|
(1 497)
|
(1 529)
|
(1 582)
|
(1 669)
|
(1 832)
|
(2 039)
|
(2 196)
|
(2 241)
|
(2 196)
|
(2 088)
|
(1 999)
|
(1 976)
|
(1 929)
|
(1 889)
|
(1 856)
|
|
| Research & Development |
(207)
|
(245)
|
(288)
|
(335)
|
(396)
|
(431)
|
(479)
|
(516)
|
(493)
|
(530)
|
(535)
|
(533)
|
(601)
|
(608)
|
(723)
|
(761)
|
(819)
|
(850)
|
(835)
|
(866)
|
(887)
|
(939)
|
(1 018)
|
(1 192)
|
(1 347)
|
(1 506)
|
(1 577)
|
(1 570)
|
(1 531)
|
(1 492)
|
(1 466)
|
(1 432)
|
(1 447)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(6)
|
(9)
|
(14)
|
(14)
|
(15)
|
(17)
|
(18)
|
(21)
|
(24)
|
(25)
|
(25)
|
(27)
|
(29)
|
(33)
|
(40)
|
(42)
|
(42)
|
0
|
0
|
(17)
|
(15)
|
(22)
|
(30)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(188)
|
0
|
(291)
|
(176)
|
(176)
|
0
|
|
| Operating Income |
(349)
N/A
|
(383)
-10%
|
(371)
+3%
|
(378)
-2%
|
(378)
N/A
|
(280)
+26%
|
(291)
-4%
|
(224)
+23%
|
(43)
+81%
|
(50)
-16%
|
37
N/A
|
98
+165%
|
(73)
N/A
|
(40)
+45%
|
(204)
-410%
|
(298)
-46%
|
(288)
+3%
|
(262)
+9%
|
(83)
+68%
|
32
N/A
|
97
+203%
|
79
-19%
|
(124)
N/A
|
(435)
-251%
|
(657)
-51%
|
(765)
-16%
|
(706)
+8%
|
(602)
+15%
|
(111)
+82%
|
(122)
-10%
|
391
N/A
|
813
+108%
|
1 408
+73%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(179)
|
(188)
|
(201)
|
(345)
|
(858)
|
(968)
|
(1 161)
|
(1 031)
|
(134)
|
(107)
|
138
|
430
|
(54)
|
122
|
(110)
|
(400)
|
(411)
|
(392)
|
(108)
|
51
|
178
|
258
|
369
|
373
|
293
|
91
|
(11)
|
(62)
|
(59)
|
(10)
|
(15)
|
(113)
|
(36)
|
|
| Non-Reccuring Items |
(2)
|
1
|
1
|
1
|
1
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(5)
|
0
|
0
|
0
|
(3)
|
(5)
|
(8)
|
0
|
(2)
|
(44)
|
(156)
|
0
|
(335)
|
0
|
0
|
0
|
(43)
|
|
| Total Other Income |
(5)
|
0
|
0
|
0
|
2
|
8
|
6
|
6
|
5
|
(5)
|
(4)
|
(5)
|
(4)
|
0
|
0
|
(2)
|
(5)
|
(9)
|
(9)
|
(5)
|
(23)
|
(15)
|
(18)
|
(25)
|
(4)
|
(13)
|
(9)
|
(1)
|
0
|
7
|
10
|
11
|
12
|
|
| Pre-Tax Income |
(535)
N/A
|
(570)
-7%
|
(571)
0%
|
(722)
-26%
|
(1 233)
-71%
|
(1 241)
-1%
|
(1 446)
-17%
|
(1 250)
+14%
|
(173)
+86%
|
(162)
+6%
|
171
N/A
|
523
+206%
|
(131)
N/A
|
79
N/A
|
(317)
N/A
|
(703)
-122%
|
(709)
-1%
|
(663)
+6%
|
(200)
+70%
|
78
N/A
|
249
+219%
|
317
+27%
|
219
-31%
|
(87)
N/A
|
(370)
-325%
|
(731)
-98%
|
(882)
-21%
|
(665)
+25%
|
(505)
+24%
|
(125)
+75%
|
386
N/A
|
711
+84%
|
1 341
+89%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(3)
|
(5)
|
(2)
|
(2)
|
10
|
9
|
134
|
95
|
111
|
96
|
(58)
|
(55)
|
(122)
|
(6)
|
38
|
128
|
104
|
(23)
|
(198)
|
(283)
|
(243)
|
(250)
|
(112)
|
(60)
|
(55)
|
(81)
|
(67)
|
(27)
|
15
|
80
|
(10)
|
(203)
|
|
| Income from Continuing Operations |
(539)
|
(573)
|
(576)
|
(724)
|
(1 235)
|
(1 231)
|
(1 437)
|
(1 116)
|
(78)
|
(51)
|
267
|
465
|
(186)
|
(43)
|
(323)
|
(665)
|
(581)
|
(559)
|
(223)
|
(120)
|
(34)
|
74
|
(31)
|
(199)
|
(430)
|
(786)
|
(963)
|
(732)
|
(532)
|
(110)
|
466
|
701
|
1 138
|
|
| Net Income (Common) |
(539)
N/A
|
(573)
-6%
|
(576)
-1%
|
(724)
-26%
|
(1 235)
-71%
|
(1 231)
+0%
|
(1 437)
-17%
|
(1 116)
+22%
|
(78)
+93%
|
(51)
+35%
|
267
N/A
|
465
+74%
|
(186)
N/A
|
(43)
+77%
|
(323)
-651%
|
(665)
-106%
|
(581)
+13%
|
(559)
+4%
|
(223)
+60%
|
(120)
+46%
|
(34)
+72%
|
74
N/A
|
(31)
N/A
|
(199)
-542%
|
(430)
-116%
|
(786)
-83%
|
(963)
-23%
|
(732)
+24%
|
(532)
+27%
|
(110)
+79%
|
466
N/A
|
701
+50%
|
1 138
+62%
|
|
| EPS (Diluted) |
-3.63
N/A
|
-3.81
-5%
|
-3.83
-1%
|
-4.8
-25%
|
-8.14
-70%
|
-7.33
+10%
|
-8.02
-9%
|
-5.93
+26%
|
-0.44
+93%
|
-0.28
+36%
|
1.48
N/A
|
2.46
+66%
|
-1.03
N/A
|
-0.23
+78%
|
-1.73
-652%
|
-3.52
-103%
|
-3.1
+12%
|
-2.91
+6%
|
-1.17
+60%
|
-0.63
+46%
|
-0.18
+71%
|
0.37
N/A
|
-0.18
N/A
|
-1.05
-483%
|
-2.23
-112%
|
-4.07
-83%
|
-4.97
-22%
|
-3.69
+26%
|
-2.73
+26%
|
-0.53
+81%
|
2.27
N/A
|
3.39
+49%
|
5.5
+62%
|
|
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