Spotify Technology S.A.

EUR, fiscal year ended 2023-12-31

Revenue: Top segments reported by the source sum to more than EUR 13.2B of revenue (a known FMP double-count pattern) - painted without v2 source/hub tags

Operating Expenses: Actual operating expenses was EUR 3.8B, a EUR 446.0M shortfall not covered by this flow · R&D 13% | SG&A 16% of revenue

Revenue

EUR 13.2B+13%

Gross margin

25.6%+0.7 pts

Operating margin

-3.4%+2.3 pts

Net margin (loss)

-4.0%-0.3 pts

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Revenue segments

Premium: EUR 12.5B94.4%
Ad-Supported: EUR 1.8B13.7%

Period history

Revenue, by year

Income statement

Line	FY2023	YoY
Revenue	EUR 13,247,000,000	+13%
Cost of revenue	EUR 9,850,000,000	+12%
Gross profit	EUR 3,397,000,000	+16%
Operating expenses	EUR 3,843,000,000	+7.2%
Operating income	-EUR 446,000,000	+32%
Other income/expense, net	-EUR 59,000,000	-120%
Income before tax

Spotify Technology S.A.

Revenue segments

Period history

Income statement

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