Spotify Technology Income Statement (2017-2025) | SPOT

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Income Statement Mar2017 Jun2017 Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Revenue & cost
Revenue 961.00M1,107.25M1,212.67M1,352.87M1,399.30M1,519.25M1,572.55M1,706.39M1,717.45M1,873.11M1,926.14M2,053.28M2,040.08M2,080.66M2,306.95M2,584.88M2,589.79M2,807.16M2,949.40M3,076.14M2,986.54M3,056.05M3,061.12M3,230.10M3,265.11M3,459.51M3,654.40M3,949.78M3,950.01M4,099.71M4,379.70M4,532.98M4,407.40M4,746.31M4,994.20M
Cost of Revenue 849.13M852.15M942.40M1,020.83M1,051.62M1,126.61M1,174.76M1,250.97M1,293.48M1,385.45M1,435.42M1,528.61M1,519.02M1,553.06M1,735.76M1,899.32M1,928.77M2,008.72M2,161.63M2,261.63M2,233.45M2,304.84M2,304.92M2,412.88M2,442.93M2,625.40M2,691.00M2,895.35M2,859.30M2,902.21M3,017.91M3,071.14M3,012.60M3,252.12M3,414.81M
Gross Profit 111.87M255.10M270.26M332.04M347.67M392.64M397.79M455.42M423.96M487.66M490.71M524.66M521.06M527.60M571.19M685.57M661.02M798.43M787.76M814.51M753.09M751.21M756.21M817.22M822.18M834.12M963.40M1,054.42M1,090.71M1,197.50M1,361.79M1,461.84M1,394.80M1,494.19M1,579.39M
Operating items
Research & Development 85.23M104.46M115.16M144.82M141.28M170.66M157.02M114.14M176.18M169.67M151.33M191.49M178.84M294.09M205.58M276.61M236.42M307.09M245.29M289.42M280.58M358.53M389.19M423.40M466.90M493.28M401.69M503.54M422.59M408.14M375.59M401.79M398.66M469.76M361.24M
Share-based Compensation (IS) 60.05M22.11M50.12M76.77M75.33M30.69M73.04M107.93M107.37M43.05M99.13M158.86M162.15M59.11M136.08M201.66M195.62M77.44M186.73M286.35M289.75M112.70M222.14M314.60M310.95M74.96M161.53M233.92M227.61M44.18M130.18M222.12M
Selling, General & Administrative 57.53M76.97M78.73M85.95M87.23M122.92M77.93M47.94M105.71M96.63M81.23M112.90M105.98M144.29M113.30M140.69M123.04M140.90M123.83M144.14M147.03M182.47M161.32M167.32M150.27M175.32M140.43M166.77M133.62M133.53M123.00M130.37M130.43M152.81M129.77M
Operating Expenses 142.76M181.43M193.89M230.78M228.51M293.59M234.95M162.08M281.88M266.30M232.56M304.39M284.82M438.38M318.89M417.30M359.46M447.99M369.12M433.57M427.61M541.00M550.52M590.72M617.17M668.60M542.12M670.31M556.22M541.67M498.59M532.16M529.10M622.58M491.00M
Operating Income -148.09M-86.86M-85.78M-102.44M-50.37M-107.41M-6.98M107.29M-53.42M-3.37M60.09M-85.23M-18.77M-183.94M-46.72M-82.27M16.89M14.45M88.45M-8.01M-6.73M-207.01M-229.89M-235.68M-167.44M-268.96M34.83M-80.70M182.51M286.45M498.59M509.72M535.41M459.58M680.39M
EBIT -148.09M-86.86M-85.78M-102.44M-50.37M-107.41M-6.98M107.29M-53.42M-3.37M60.09M-85.23M-18.77M-183.94M-46.72M-82.27M16.89M14.45M88.45M-8.01M-6.73M-207.01M-229.89M-235.68M-167.44M-268.96M34.83M-80.70M182.51M286.45M498.59M509.72M535.41M459.58M680.39M
Non-operating items
Interest & Investment Income -28.77M45.08M16.45M-42.39M-18.43M48.93M11.63M-444.00M-38.65M8.99M251.48M-7.75M-77.28M6.61M16.35M4.77M-125.45M25.29M119.11M22.88M-196.41M125.91M102.84M26.53M28.98M35.93M59.87M296.96M64.10M81.84M72.48M565.29M-74.68M100.74M306.29M
Other Non Operating Income -8.52M-83.57M-39.95M-4.71M-1.23M
Non Operating Income 6.52M4.31M-190.39M-405.24M
Net income details
EBT -183.25M-205.62M-326.67M-701.75M-221.14M-467.83M-95.38M549.01M-192.09M-66.29M300.44M-191.49M45.26M-501.16M-135.50M-213.42M104.94M9.63M191.04M-9.15M173.96M-96.04M-145.19M-296.89M-221.11M-262.43M79.47M-140.95M189.03M290.76M437.09M533.23M345.02M54.33M966.81M
Tax Provisions 1.10M-13.13M-145.39M44.51M-30.69M19.10M32.27M39.85M44.16M-109.04M-17.52M-64.38M77.07M188.69M35.46M-24.99M-4.31M108.34M151.68M
Profit After Tax -184.32M-206.72M-326.67M-701.75M-207.62M-470.22M50.01M504.50M-161.40M-85.40M268.17M-231.34M1.10M-392.12M-117.98M-149.04M27.74M-24.09M2.36M-44.61M147.03M-133.38M-167.37M-275.47M-241.50M-328.86M70.76M-75.32M214.01M295.07M329.47M392.17M236.67M-97.35M1,050.98M
Equity Income 2.13M-1.10M2.35M-1.16M
Investment Income -4.71M-18.43M-13.13M-11.63M-11.41M4.55M-2.25M11.13M13.28M1.10M-3.30M-26.87M-29.81M49.46M-20.47M33.02M59.49M37.04M81.10M99.82M212.21M-13.95M-9.80M33.75M9.68M23.90M6.46M-46.13M-14.96M-82.05M-242.24M-251.35M
Income from Continuing Operations -183.25M-206.72M-326.67M-701.75M-221.14M-454.70M50.01M504.50M-161.40M-85.40M268.17M-231.34M1.10M-392.12M-117.98M-149.04M104.94M-67.44M2.36M-44.61M173.96M-96.04M-145.19M-296.89M-221.11M-262.43M79.47M-140.95M214.01M295.07M437.09M533.23M236.67M-97.35M966.81M
Consolidated Net Income -183.25M-206.72M-326.67M-701.75M-221.14M-454.70M50.01M504.50M-161.40M-85.40M268.17M-231.34M1.10M-392.12M-117.98M-149.04M104.94M-67.44M2.36M-44.61M173.96M-96.04M-145.19M-296.89M-221.11M-262.43M79.47M-140.95M214.01M295.07M437.09M533.23M236.67M-97.35M966.81M
Income towards Parent Company -184.32M-206.72M-326.67M-701.75M-207.62M-470.22M50.01M504.50M-161.40M-85.40M268.17M-231.34M1.10M-392.12M-117.98M-149.04M27.74M-24.09M2.36M-44.61M147.03M-133.38M-167.37M-275.47M-241.50M-328.86M70.76M-75.32M214.01M295.07M329.47M392.17M236.67M-97.35M1,050.98M
Net Income towards Common Stockholders -184.32M-206.72M-326.67M-701.75M-207.62M-470.22M50.01M504.50M-161.40M-85.40M268.17M-231.34M1.10M-392.12M-117.98M-149.04M27.74M-24.09M2.36M-44.61M147.03M-133.38M-167.37M-275.47M-241.50M-328.86M70.76M-75.32M214.01M295.07M329.47M392.17M236.67M-97.35M1,050.98M
Additional items
EPS (Basic) -3.97-1.17-2.660.282.85-0.89-0.471.48-1.280.01-2.12-0.63-0.790.15-0.130.01-0.230.77-0.69-0.87-1.43-1.25-1.700.36-0.381.091.481.651.921.16-0.475.11
EPS (Weighted Average and Diluted) -1.15-3.87-1.010.232.441.28-1.15-0.53-0.67-0.100.01-0.200.66-0.64-0.85-1.38-1.16-1.550.33-0.360.971.331.451.771.07-0.414.21
Shares Outstanding (Weighted Average) 176.98M176.98M176.98M176.98M176.98M180.86M180.86M180.86M180.86M185.05M185.05M186.55M188.84M190.57M190.57M191.55M192.15M192.15M192.48M192.95M193.29M193.29M193.56M194.68M197.14M197.14M199.05M199.96M203.84M203.84M205.06M205.78M
Shares Outstanding (Diluted Average) 159.97M181.47M206.12M218.81M206.83M209.72M200.30M220.83M223.65M233.73M229.43M221.87M221.19M208.99M197.61M199.81M207.76M211.71M215.55M209.52M221.37M221.97M227.77M221.19M221.15M238.25M249.93M
EBITDA -148.09M-86.86M-85.78M-102.44M-50.37M-107.41M-6.98M107.29M-53.42M-3.37M60.09M-85.23M-18.77M-183.94M-46.72M-82.27M16.89M14.45M88.45M-8.01M-6.73M-207.01M-229.89M-235.68M-167.44M-268.96M34.83M-80.70M182.51M286.45M498.59M509.72M535.41M459.58M680.39M
Interest Expenses 66.06M-162.73M-257.34M-641.70M-189.19M-409.35M-98.87M2.28M177.31M-71.91M-11.13M-114.01M-13.25M-323.83M-105.13M135.92M-37.39M-30.11M-16.51M34.32M-15.71M-14.94M-18.15M31.63M82.65M-29.40M-15.24M10.76M-57.58M-77.54M-133.98M9.62M-265.07M-505.99M-19.87M
Tax Rate 2.81%8.11%15.98%10.74%97.56%21.76%12.93%30.17%98.77%31.40%