Skip to main content
Spotify Technology S.A. (SPOT)
NYSE: SPOT · Real-Time Price · USD
716.53
+3.91 (0.55%)
At close: Sep 26, 2025, 4:00 PM EDT
716.38
-0.15 (-0.02%)
After-hours: Sep 26, 2025, 7:59 PM EDT

Spotify Technology Operating Metrics

Period Ending Jun 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
5.39 5.58 5.72 5.56 5.45 5.37 5.43 5.12
Premium Avg. Revenue Per User Growth
-1.08% 3.96% 5.43% 8.53% 8.20% 5.32% 1.10% -6.26%

Revenue by Segment
Period Ending Jun 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
17.38B 16.92B 16.31B 15.67B 14.96B 14.28B 13.63B 13.10B
Premium Growth
16.20% 18.54% 19.61% 19.68% 16.94% 14.45% 12.70% 12.93%
Ad-Supported
2.22B 2.22B 2.19B 2.15B 2.12B 2.05B 1.98B 1.98B
Ad-Supported Growth
4.91% 8.21% 10.29% 8.28% 10.88% 10.68% 10.16% 18.16%

Users
Period Ending Jun 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
696.00M 678.00M 675.00M 640.00M 626.00M 615.00M 602.00M 574.00M
Total Growth
11.18% 10.24% 12.13% 11.50% 13.61% 19.42% 23.11% 25.88%
Ad-Supported
433.00M 423.00M 425.00M 402.00M 393.00M 388.00M 379.00M 361.00M
Ad-Supported Growth
10.18% 9.02% 12.14% 11.36% 14.58% 22.40% 28.47% 32.23%
Premium
276.00M 268.00M 263.00M 252.00M 246.00M 239.00M 236.00M 226.00M
Premium Growth
12.20% 12.13% 11.44% 11.50% 11.82% 13.81% 15.12% 15.90%

Gross Margin by Segment
Period Ending Jun 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
33.10% 33.50% 34.70% 33.50% 31.40% 30.20% 29.10% 29.10%
Total
31.50% 31.60% 32.20% 31.10% 29.20% 27.60% 26.70% 26.40%
Ad-Supported
18.30% 15.30% 15.10% 13.10% 13.40% 6.40% 11.60% 8.30%

Revenue by Geography
Period Ending Jun 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
10.50B 9.77B 9.49B 9.18B 8.81B 8.40B 8.00B 7.66B
Other Countries Growth
19.13% 16.29% 18.59% 19.89% 18.88% 16.76% 15.06% 14.48%
United States
7.69B 7.54B 7.24B 6.96B 6.66B 6.41B 6.17B 5.98B
United States Growth
15.35% 17.72% 17.44% 16.34% 13.21% 11.25% 10.89% 13.15%
United Kingdom
- 1.82B 1.75B 1.67B 1.59B 1.51B 1.45B 1.39B 1.35B
United Kingdom Growth
- 20.42% 20.57% 20.29% 17.76% 14.25% 10.51% 7.48% 6.23%
Luxembourg
14.16M 12.98M 11.80M 10.62M 10.62M 10.62M 10.62M 8.26M - -
Luxembourg Growth
33.33% 22.22% 11.11% 28.57% 28.57% 28.57% 28.57% - - -

Operating Expense Breakdown
Period Ending Jun 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
1.78B 1.74B 1.75B 1.86B 1.89B 1.98B 2.04B 1.97B
Research and Development Growth
-5.79% -12.09% -13.86% -5.62% -4.97% 6.81% 24.37% 36.49%
Sales and Marketing
1.66B 1.63B 1.64B 1.69B 1.72B 1.78B 1.81B 1.83B
Sales and Marketing Growth
-3.51% -8.48% -9.20% -7.92% -10.85% -6.96% -2.48% 6.51%
General and Administrative
581.71M 568.73M 567.55M 606.49M 626.55M 670.20M 690.26M 700.88M
General and Administrative Growth
-7.16% -15.14% -17.78% -13.47% -15.04% -10.55% -6.55% 1.02%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.