Spotify Technology S.A. (SPOT) Income Statement Analysis

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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

Spotify Q3: Strong Subscriber Growth And Margin Improvement

November 12, 2024seekingalpha.com

I reiterate a Strong Buy on Spotify Technology S.A. stock with a one-year price target of $500 per share, due to strong subscriber growth and improved monetization. Spotify's potential launch of an ads exchange platform could enhance video ad offerings,...

Spotify (SPOT) Q3 Earnings Lag Estimates

November 12, 2024zacks.com

Spotify (SPOT) came out with quarterly earnings of $1.59 per share, missing the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $0.36 per share a year ago.

Spotify Stock Jumps After Third-Quarter Subscriber Beat

November 12, 2024investors.com

Streaming music leader Spotify beat expectations for subscribers and total users in the third quarter. Spotify stock surged in extended trading.

Spotify shares pop on better-than-expected profit forecast

November 12, 2024cnbc.com

Spotify issued profit guidance for the fourth quarter that topped estimates. The company reported third-quarter earnings and revenue that came below in analysts' expectations.

Spotify Stock Pops as Subscribers Jump

November 12, 2024investopedia.com

Spotify (SPOT) added more subscribers than expected in the third quarter, sending shares higher after the bell Tuesday.

Spotify is the platform for artists who want to break globally, says Evercore ISI's Mark Mahaney

November 12, 2024youtube.com

Mark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell: Overtime' to discuss Spotify earnings and outlook.

EARNINGS ALERT: SPOT, CART, CAVA

November 12, 2024youtube.com

Spotify (SPOT) surges on an increase in subscribers. Meanwhile, Maplebear aka Instacart (CART) dips after its 3Q report.

Spotify forecasts profit above estimates on cost cuts, steady user growth

November 12, 2024reuters.com

Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season, sending its shares up 7.7% after the bell.

Spotify Technology S.A. Releases Financial Results for Third Quarter 2024

November 12, 2024businesswire.com

LOS ANGELES--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the third quarter of 2024 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials. As previously announced, the company will host a live...