SPOT
Company Description
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.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.19B | 15.67B | 13.25B | 11.73B | 9.67B | 7.88B | 6.76B | 5.26B | 4.09B | 2.95B | 1.94B |
| Net Income | 2.21B | 1.14B | (532.00M) | (430.00M) | (34.00M) | (581.00M) | (186.00M) | (78.00M) | (1.24B) | (539.00M) | (230.00M) |
| EPS | 10.77 | 5.67 | -2.73 | -2.23 | -0.18 | -3.10 | -1.03 | -0.44 | -6.93 | -3.21 | -1.37 |
| Free Cash Flow | 2.87B | 2.28B | 674.00M | 21.00M | 276.00M | 181.00M | 438.00M | 219.00M | 133.00M | 74.00M | N/A |
| FCF / Share | 13.98 | 11.38 | 3.46 | 0.11 | 1.44 | 0.96 | 2.42 | 1.24 | 0.75 | 0.44 | N/A |
| Operating CF | 2.93B | 2.30B | 680.00M | 46.00M | 361.00M | 259.00M | 573.00M | 344.00M | 179.00M | 101.00M | N/A |
| Total Assets | 15.01B | 12.00B | 8.38B | 7.57B | 7.19B | 6.32B | 5.06B | 4.34B | 3.19B | 2.11B | N/A |
| Total Debt | 2.32B | 2.00B | 1.70B | 1.67B | 1.79B | 576.28M | 614.95M | 0 | 969.50M | 1.12B | N/A |
| Cash & Equiv | 5.26B | 4.78B | 3.13B | 2.46B | 2.75B | 1.15B | 1.05B | 584.48M | 489.37M | 758.83M | N/A |
| Book Value | 8.33B | 5.52B | 2.53B | 2.38B | 2.13B | 2.80B | 2.01B | 2.10B | 244.17M | (241.22M) | N/A |
| Return on Equity | 0.27 | 0.21 | -0.21 | -0.18 | -0.02 | -0.21 | -0.09 | -0.04 | -5.06 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.61B | 4.53B | 4.27B | 4.19B | 4.19B | 4.24B | 3.99B | 3.81B | 3.64B | 3.67B | 3.36B | 3.18B |
| Net Income | 732.86M | 1.17B | 899.00M | (86.00M) | 225.00M | 367.00M | 300.00M | 274.00M | 197.00M | (70.00M) | 65.00M | (302.00M) |
| EPS | 3.56 | 5.71 | 4.36 | -0.42 | 1.10 | 1.81 | 1.49 | 1.37 | 0.99 | -0.33 | 0.31 | -1.42 |
| Free Cash Flow | 844.67M | 834.00M | 806.00M | 699.00M | 533.00M | 877.00M | 711.00M | 490.00M | 206.00M | 396.00M | 210.00M | 11.00M |
| FCF / Share | 4.11 | 4.05 | 3.91 | 3.40 | 2.61 | 4.32 | 3.53 | 2.45 | 1.04 | 2.02 | 1.08 | 0.06 |
| Operating CF | 849.75M | 856.00M | 829.00M | 709.00M | 539.00M | 883.00M | 715.00M | 492.00M | 211.00M | 397.00M | 211.00M | 13.00M |
| Total Assets | 13.14B | 15.01B | 14.74B | 13.49B | 12.66B | 12.00B | 10.54B | 10.13B | 9.12B | 8.38B | 7.62B | 7.31B |
| Total Debt | 476.50M | 2.32B | 2.25B | 2.39B | 2.10B | 2.00B | 1.78B | 1.79B | 1.77B | 1.70B | 1.74B | 1.69B |
| Cash & Equiv | 5.26B | 5.26B | 5.47B | 5.17B | 5.01B | 4.78B | 4.68B | 4.05B | 3.47B | 3.13B | 2.63B | 2.55B |
| Book Value | 8.02B | 8.33B | 7.80B | 6.64B | 6.23B | 5.52B | 4.63B | 4.25B | 3.33B | 2.53B | 2.15B | 2.05B |
| Return on Equity | 0.09 | 0.14 | 0.12 | -0.01 | 0.04 | 0.07 | 0.06 | 0.06 | 0.06 | -0.03 | 0.03 | -0.15 |
