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Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
564.93
+3.96 (0.71%)
At close: Dec 5, 2025, 4:00 PM EST
564.65
-0.28 (-0.05%)
After-hours: Dec 5, 2025, 7:55 PM EST

Spotify Technology Operating Metrics

Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium Avg. Revenue Per User
5.24 5.29 5.48 5.62 5.45 5.35 5.27 5.33
Premium Avg. Revenue Per User Growth
-3.82% -1.08% 3.96% 5.43% 8.53% 8.20% 5.32% 1.10%

Revenue by Segment
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
17.42B 17.06B 16.61B 16.00B 15.38B 14.68B 14.01B 13.38B
Premium Growth
13.23% 16.20% 18.54% 19.61% 19.68% 16.94% 14.45% 12.70%
Ad-Supported
2.15B 2.18B 2.18B 2.15B 2.10B 2.08B 2.02B 1.95B
Ad-Supported Growth
2.04% 4.91% 8.21% 10.29% 8.28% 10.88% 10.68% 10.16%

Users
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Total
640.00M 696.00M 678.00M 675.00M 640.00M 626.00M 615.00M 602.00M
Total Growth
- 11.18% 10.24% 12.13% 11.50% 13.61% 19.42% 23.11%
Ad-Supported
402.00M 433.00M 423.00M 425.00M 402.00M 393.00M 388.00M 379.00M
Ad-Supported Growth
- 10.18% 9.02% 12.14% 11.36% 14.58% 22.40% 28.47%
Premium
252.00M 276.00M 268.00M 263.00M 252.00M 246.00M 239.00M 236.00M
Premium Growth
- 12.20% 12.13% 11.44% 11.50% 11.82% 13.81% 15.12%

Gross Margin by Segment
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Premium
33.20% 33.10% 33.50% 34.70% 33.50% 31.40% 30.20% 29.10%
Total
31.60% 31.50% 31.60% 32.20% 31.10% 29.20% 27.60% 26.70%
Ad-Supported
18.40% 18.30% 15.30% 15.10% 13.10% 13.40% 6.40% 11.60%

Revenue by Geography
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Other Countries
11.06B 10.30B 9.59B 9.31B 9.01B 8.65B 8.24B 7.85B
Other Countries Growth
22.80% 19.13% 16.29% 18.59% 19.89% 18.88% 16.76% 15.06%
United States
7.55B 7.54B 7.40B 7.10B 6.83B 6.54B 6.29B 6.05B
United States Growth
10.69% 15.35% 17.72% 17.44% 16.34% 13.21% 11.25% 10.89%
United Kingdom
- - 1.79B 1.72B 1.64B 1.56B 1.49B 1.42B 1.36B 1.32B
United Kingdom Growth
- - 20.42% 20.57% 20.29% 17.76% 14.25% 10.51% 7.48% 6.23%
Luxembourg
15.05M 13.89M 12.74M 11.58M 10.42M 10.42M 10.42M 10.42M - -
Luxembourg Growth
44.44% 33.33% 22.22% 11.11% 28.57% 28.57% 28.57% 28.57% - -

Operating Expense Breakdown
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Research and Development
1.71B 1.75B 1.71B 1.72B 1.83B 1.86B 1.94B 2.00B
Research and Development Growth
-6.27% -5.79% -12.09% -13.86% -5.62% -4.97% 6.81% 24.37%
Sales and Marketing
1.64B 1.62B 1.60B 1.61B 1.66B 1.68B 1.75B 1.77B
Sales and Marketing Growth
-0.77% -3.51% -8.48% -9.20% -7.92% -10.85% -6.96% -2.48%
General and Administrative
569.64M 570.80M 558.06M 556.90M 595.11M 614.79M 657.63M 677.32M
General and Administrative Growth
-4.28% -7.16% -15.14% -17.78% -13.47% -15.04% -10.55% -6.55%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.