Other Countries was Spotify Technology’s largest region in fiscal 2025, bringing in $10.70B of $17.19B (62%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other Countries | $5.90B | $8.01B | $9.53B | $10.70B | ||||||
| United States | $4.71B | $5.23B | $6.14B | $6.47B | ||||||
| United Kingdom | $1.11B | — | — | — | ||||||
| Luxembourg | $7.00M | $9.00M | $10.00M | $13.00M | ||||||
| Total | $11.73B | $13.25B | $15.67B | $17.19B |
Spotify Technology brought in $17.19B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 9.7% from $15.67B in fiscal 2024. Other Countries was the largest at $10.70B (62.3%), ahead of United States at $6.47B (37.6%) and Luxembourg at $13.00M (0.1%).
Compared with fiscal 2024, Other Countries grew 12.3% to $10.70B and United States grew 5.4% to $6.47B.
Spotify Technology stopped reporting United Kingdom as a separate region after fiscal 2022, when it brought in $1.11B.
Premium was Spotify Technology’s largest segment in fiscal 2025, bringing in $15.35B of $17.19B (89%).
| Segments [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Premium | $10.25B | $11.57B | $13.82B | $15.35B | ||||||
| Ad-Supported | $1.48B | $1.68B | $1.85B | $1.84B | ||||||
| Total | $11.73B | $13.25B | $15.67B | $17.19B |
Spotify Technology brought in $17.19B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 9.7% from $15.67B in fiscal 2024. Premium was the largest at $15.35B (89.3%), ahead of Ad-Supported at $1.84B (10.7%).
Compared with fiscal 2024, Premium grew 11.1% to $15.35B, while Ad-Supported fell 1.0% to $1.84B. From fiscal 2022 to 2025, combined revenue from these segments grew 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%.
Spotify Technology (SPOT) reports its revenue by geography and by segments [axis]. In fiscal 2025, Other Countries was its largest region, bringing in $10.70B (62.3% of the total), followed by United States at $6.47B (37.6%).
Other Countries was Spotify Technology's largest region in fiscal 2025, bringing in $10.70B, or 62.3% of the $17.19B total across its three regions.
Premium was Spotify Technology's largest segment in fiscal 2025, bringing in $15.35B, or 89.3% of the $17.19B total across its two segments.
Other Countries grew faster than United States in fiscal 2025, up 12.3% from $9.53B to $10.70B. United States grew 5.4% to $6.47B.
Every figure comes from Spotify Technology's annual financial filings, as reported. Each line keeps the name Spotify Technology gives it, and years follow its fiscal calendar.
Spotify Technology's revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.