Spotify Technology S.A. (SPOT) Financials

NYSE:SPOT

Market Cap

31.18B

Total Revenue

11.73B

Gross Profit

2.93B

Operating Income

-659.00M

Net Income

-430.00M

Metric	2015	2016	2017	2018	2019	2020	2021	2022
revenue	1,940,000,000	2,952,000,000	4,090,000,000	5,259,000,000	6,764,000,000	7,880,000,000	9,668,000,000	11,727,000,000
costOfRevenue	1,714,000,000	2,551,000,000	3,241,000,000	3,906,000,000	5,042,000,000	5,865,000,000	7,077,000,000	8,801,000,000
grossProfit	226,000,000	401,000,000	849,000,000	1,353,000,000	1,722,000,000	2,015,000,000	2,591,000,000	2,926,000,000
researchAndDevelopmentExpenses	136,000,000	207,000,000	396,000,000	493,000,000	615,000,000	837,000,000	912,000,000	1,387,000,000
sellingAndMarketingExpenses	219,000,000	368,000,000	567,000,000	620,000,000	826,000,000	1,029,000,000	1,135,000,000	1,572,000,000
generalAndAdministrativeExpenses	106,000,000	175,000,000	264,000,000	283,000,000	354,000,000	442,000,000	450,000,000	626,000,000
sellingGeneralAndAdministrativeExpenses	325,000,000	543,000,000	831,000,000	903,000,000	1,180,000,000	1,471,000,000	1,585,000,000	2,198,000,000
operatingExpenses	461,000,000	750,000,000	1,227,000,000	1,396,000,000	1,795,000,000	2,308,000,000	2,497,000,000	3,585,000,000
operatingIncome	-235,000,000	-349,000,000	-378,000,000	-43,000,000	202,000,000	-293,000,000	340,000,000	-659,000,000
totalOtherIncomeExpensesNet	9,000,000	-186,000,000	-872,000,000	-1,000,000	-333,000,000	-416,000,000	-91,000,000	289,000,000
ebitda	-203,000,000	-553,000,000	-826,000,000	443,000,000	289,000,000	-88,000,000	467,000,000	-284,000,000
depreciationAndAmortization	30,000,000	38,000,000	54,000,000	32,000,000	87,000,000	205,000,000	127,000,000	375,000,000
interestIncome	2,000,000	5,000,000	19,000,000	455,000,000	275,000,000	94,000,000	246,000,000	47,000,000
interestExpense	1,000,000	5,000,000	4,000,000	584,000,000	333,000,000	510,000,000	91,000,000	58,000,000
incomeBeforeTax	-225,000,000	-535,000,000	-1,233,000,000	-173,000,000	-131,000,000	-709,000,000	249,000,000	-370,000,000
incomeTaxExpense	5,000,000	4,000,000	2,000,000	-95,000,000	55,000,000	-128,000,000	283,000,000	60,000,000
netIncome	-230,000,000	-539,000,000	-1,235,000,000	-78,000,000	-186,000,000	-581,000,000	-34,000,000	-430,000,000
eps	-1.37	-3.21	-6.93	-0.44	-1.03	-3.1	-0.18	-2.23
epsdiluted	-1.37	-3.21	-6.93	-0.43	-1.03	-3.1	-0.18	-2.2
weightedAverageShsOut	167,778,952	167,778,952	178,112,840	177,154,405	180,960,579	187,583,307	191,298,397	192,934,862
weightedAverageShsOutDil	167,778,952	167,778,952	178,112,840	181,210,292	180,960,579	187,583,307	193,943,455	195,846,362
costAndExpenses	2,175,000,000	3,301,000,000	4,468,000,000	5,302,000,000	6,837,000,000	8,173,000,000	9,574,000,000	12,386,000,000
otherExpenses	--	-245,000,000	-524,000,000	-201,000,000	--	--	112,000,000	144,000,000

Key Facts

Industry

Internet Content & Information

Sector

Communication Services

Headquarters

Luxembourg City, , LU

Website

spotify.com

CEO

Mr. Daniel G. Ek

Employees

8359

About the Company

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.