Spotify Technology S.A.

EUR, fiscal year ended 2024-12-31

Revenue: Top segments reported by the source sum to more than EUR 15.7B of revenue (a known FMP double-count pattern) - painted without v2 source/hub tags

Operating Expenses: R&D 9% | SG&A 12% of revenue

Revenue

EUR 15.7B+18%

Gross margin

30.1%+4.5 pts

Operating margin

8.7%+12 pts

Net margin

7.3%+11 pts

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Revenue segments

Premium: EUR 14.9B95.4%
Ad-Supported: EUR 2.0B12.8%

Period history

Revenue, by year

Income statement

Line	FY2024	YoY
Revenue	EUR 15,673,000,000	+18%
Cost of revenue	EUR 10,949,000,000	+11%
Gross profit	EUR 4,724,000,000	+39%
Operating expenses	EUR 3,359,000,000	-13%
Operating income	EUR 1,365,000,000	+406%
Other income/expense, net	-EUR 24,000,000	+59%
Income before tax

Spotify Technology S.A.

Revenue segments

Period history

Income statement

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