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Complete financial analysis of Spotify Technology S.A. (SPOT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Spotify Technology S.A., a leading company in the Internet Content & Information industry within the Communication Services sector.
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Spotify Technology S.A. (SPOT)
Industry: Internet Content & Information
Sector: Communication Services
Website: https://www.spotify.com
About Spotify Technology S.A.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.25B | 11.73B | 9.67B | 7.88B | 6.76B | 5.26B | 4.09B | 2.95B | 1.94B |
| Cost of Revenue | 9.85B | 8.80B | 7.08B | 5.87B | 5.04B | 3.91B | 3.24B | 2.55B | 1.71B |
| Gross Profit | 3.40B | 2.93B | 2.59B | 2.02B | 1.72B | 1.35B | 849.00M | 401.00M | 226.00M |
| Gross Profit Ratio | 25.64% | 24.95% | 26.80% | 25.57% | 25.46% | 25.73% | 20.76% | 13.58% | 11.65% |
| Research & Development | 1.73B | 1.39B | 912.00M | 837.00M | 615.00M | 493.00M | 396.00M | 207.00M | 136.00M |
| General & Administrative | 585.00M | 626.00M | 450.00M | 442.00M | 354.00M | 283.00M | 264.00M | 175.00M | 106.00M |
| Selling & Marketing | 1.53B | 1.57B | 1.14B | 1.03B | 826.00M | 620.00M | 567.00M | 368.00M | 219.00M |
| SG&A | 2.12B | 2.20B | 1.59B | 1.47B | 1.18B | 903.00M | 831.00M | 543.00M | 325.00M |
| Other Expenses | 0.00 | 144.00M | 112.00M | 0.00 | 0.00 | -201.00M | -524.00M | -245.00M | 0.00 |
| Operating Expenses | 3.84B | 3.59B | 2.50B | 2.31B | 1.80B | 1.40B | 1.23B | 750.00M | 461.00M |
| Cost & Expenses | 13.69B | 12.39B | 9.57B | 8.17B | 6.84B | 5.30B | 4.47B | 3.30B | 2.18B |
| Interest Income | 131.00M | 47.00M | 246.00M | 94.00M | 275.00M | 455.00M | 19.00M | 5.00M | 2.00M |
| Interest Expense | 38.00M | 58.00M | 91.00M | 510.00M | 333.00M | 584.00M | 4.00M | 5.00M | 1.00M |
| Depreciation & Amortization | 158.00M | 167.92M | 132.07M | 103.42M | 86.75M | 33.02M | 50.72M | 39.85M | 30.00M |
| EBITDA | -298.00M | -284.00M | 467.00M | -293.00M | -1.00M | -43.00M | -826.00M | -492.00M | -203.00M |
| EBITDA Ratio | -2.25% | -2.42% | 4.83% | -1.12% | 4.27% | 8.42% | -20.20% | -18.73% | -10.46% |
| Operating Income | -446.00M | -659.00M | 340.00M | -293.00M | 202.00M | -43.00M | -378.00M | -349.00M | -235.00M |
| Operating Income Ratio | -3.37% | -5.62% | 3.52% | -3.72% | 2.99% | -0.82% | -9.24% | -11.82% | -12.11% |
| Total Other Income/Expenses | -59.00M | 289.00M | 155.00M | -416.00M | -58.00M | -130.00M | -855.00M | -186.00M | 10.00M |
| Income Before Tax | -505.00M | -370.00M | 249.00M | -709.00M | -131.00M | -173.00M | -1.23B | -535.00M | -225.00M |
| Income Before Tax Ratio | -3.81% | -3.16% | 2.58% | -9.00% | -1.94% | -3.29% | -30.15% | -18.12% | -11.60% |
| Income Tax Expense | 27.00M | 60.00M | 283.00M | -128.00M | 55.00M | -95.00M | 2.00M | 4.00M | 5.00M |
| Net Income | -532.00M | -430.00M | -34.00M | -581.00M | -186.00M | -78.00M | -1.24B | -539.00M | -230.00M |
| Net Income Ratio | -4.02% | -3.67% | -0.35% | -7.37% | -2.75% | -1.48% | -30.20% | -18.26% | -11.86% |
| EPS | -2.73 | -2.23 | -0.18 | -3.10 | -1.03 | -0.44 | -6.93 | -3.21 | -1.37 |
| EPS Diluted | -2.73 | -2.20 | -0.18 | -3.10 | -1.03 | -0.43 | -6.93 | -3.21 | -1.37 |
| Weighted Avg Shares Out | 194.73M | 192.93M | 191.30M | 187.58M | 180.96M | 177.15M | 178.11M | 167.78M | 167.78M |
| Weighted Avg Shares Out (Dil) | 194.73M | 195.85M | 193.94M | 187.58M | 180.96M | 181.21M | 178.11M | 167.78M | 167.78M |
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Source: https://incomestatements.info
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