Other Countries was the largest of Spotify Technology S.A.’s 3 reported lines in fiscal 2025, at $10.70B — 62% of $17.19B.
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|
| Other Countries | $5.90B | $8.01B | $10.70B | ||
| United States | $4.71B | $5.23B | $6.47B | ||
| United Kingdom | $1.11B | — | — | ||
| Luxembourg | $7.00M | $9.00M | $13.00M | ||
| Total | $11.73B | $13.25B | $17.19B |
In fiscal 2025, which ended December 31, 2025, the 3 regions Spotify Technology S.A. reported in this breakdown added up to $17.19B. That was up 29.7% from $13.25B in fiscal 2023, the latest earlier year this breakdown was reported. Other Countries was the largest region, at $10.70B or 62.3% of the total, followed by United States ($6.47B, 37.6%) and Luxembourg ($13.00M, 0.1%). Together, the two largest regions made up 99.9% of this total.
Compared with fiscal 2023, the latest earlier year reported, Other Countries grew the fastest, rising 33.6% to $10.70B.
The table also keeps 1 region that Spotify Technology S.A. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 5 fiscal years between 2020 and 2025, as reported in Spotify Technology S.A.'s annual filings.
Premium was the largest of Spotify Technology S.A.’s 2 reported lines in fiscal 2025, at $15.35B — 89% of $17.19B.
| Segments [axis] | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|
| Premium | $10.25B | $11.57B | $15.35B | ||
| Ad-Supported | $1.48B | $1.68B | $1.84B | ||
| Total | $11.73B | $13.25B | $17.19B |
In fiscal 2025, which ended December 31, 2025, the 2 segments Spotify Technology S.A. reported in this breakdown added up to $17.19B. That was up 29.7% from $13.25B in fiscal 2023, the latest earlier year this breakdown was reported. Premium was the largest segment, at $15.35B or 89.3% of the total, followed by Ad-Supported ($1.84B, 10.7%).
Compared with fiscal 2023, the latest earlier year reported, Premium grew the fastest, rising 32.7% to $15.35B. Over fiscal 2022 to 2025, revenue across these segments went from $11.73B to $17.19B, a compound annual growth rate of 13.6%. Premium's share of the total rose from 87.4% to 89.3% over the same years.
This breakdown covers 5 fiscal years between 2020 and 2025, as reported in Spotify Technology S.A.'s annual filings.
Spotify Technology S.A. (SPOT) breaks its revenue down by region and segment. In fiscal 2025, its largest region was Other Countries, with $10.70B or 62.3% of the total, followed by United States at $6.47B (37.6%).
Other Countries was Spotify Technology S.A.'s largest region in fiscal 2025, with $10.70B in revenue, 62.3% of the $17.19B reported across its 3 regions.
Premium was Spotify Technology S.A.'s largest segment in fiscal 2025, with $15.35B in revenue, 89.3% of the $17.19B reported across its 2 segments.
Every figure is taken from Spotify Technology S.A.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by region covers fiscal 2020 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.