Spotify Technology SA
NYSE:SPOT

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Spotify Technology SA
NYSE:SPOT
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Price: 475.04 USD 0.92% Market Closed
Market Cap: 95.4B USD
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Income Statement

Earnings Waterfall
Spotify Technology SA

Revenue
15.1B EUR
Cost of Revenue
-10.8B EUR
Gross Profit
4.3B EUR
Operating Expenses
-3.5B EUR
Operating Income
813m EUR
Other Expenses
-112m EUR
Net Income
701m EUR

Income Statement
Spotify Technology SA

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Income Statement
Currency: EUR
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
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%
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)
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%
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)
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)
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)
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)
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)
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%
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)
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
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
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%
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)
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
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%
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%

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