Spotify Technology S.A.

EUR, fiscal year ended 2022-12-31

Revenue: Top segments reported by the source sum to more than EUR 11.7B of revenue (a known FMP double-count pattern) - painted without v2 source/hub tags

Operating Expenses: Actual operating expenses was EUR 3.6B, a EUR 659.0M shortfall not covered by this flow · R&D 12% | SG&A 19% of revenue

Revenue

EUR 11.7B+21%

Gross margin

25.0%-1.8 pts

Operating margin

-5.6%-6.6 pts

Net margin (loss)

-3.7%-3.3 pts

Open full screen

Revenue segments

Premium: EUR 10.8B91.9%
Ad-Supported: EUR 1.6B13.2%

Period history

Revenue, by year

Income statement

Line	FY2022	YoY
Revenue	EUR 11,727,000,000	+21%
Cost of revenue	EUR 8,801,000,000	+24%
Gross profit	EUR 2,926,000,000	+13%
Operating expenses	EUR 3,585,000,000	+44%
Operating income	-EUR 659,000,000	-801%
Other income/expense, net	EUR 289,000,000	+86%
Income before tax

Spotify Technology S.A.

Revenue segments

Period history

Income statement

More in Internet & Media

Alphabet Inc.

Amazon.com, Inc.

Meta Platforms, Inc.

Netflix, Inc.