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Spotify Technology S.A.

SPOT

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
15,673
Cost of Revenue
10,949
Gross Profit
4,724
Gross Margin
30.1%
Operating Income
1,365
Operating Margin
8.7%
Net Income
1,138
Net Margin
7.3%
EPS (Basic)
$5.67
EPS (Diluted)
$5.50
EBITDA
1,498
EBITDA Margin
9.6%

2023

12/31/2023

Revenue
13,247
Cost of Revenue
9,850
Gross Profit
3,397
Gross Margin
25.6%
Operating Income
-446
Operating Margin
-3.4%
Net Income
-532
Net Margin
-4.0%
EPS (Basic)
$-2.73
EPS (Diluted)
$-2.68
EBITDA
-309
EBITDA Margin
-2.3%

2022

12/31/2022

Revenue
11,727
Cost of Revenue
8,801
Gross Profit
2,926
Gross Margin
25.0%
Operating Income
-659
Operating Margin
-5.6%
Net Income
-430
Net Margin
-3.7%
EPS (Basic)
$-2.23
EPS (Diluted)
$-2.86
EBITDA
-158
EBITDA Margin
-1.3%

2021

12/31/2021

Revenue
9,668
Cost of Revenue
7,077
Gross Profit
2,591
Gross Margin
26.8%
Operating Income
94
Operating Margin
1.0%
Net Income
-34
Net Margin
-0.4%
EPS (Basic)
$-0.18
EPS (Diluted)
$-1.07
EBITDA
416
EBITDA Margin
4.3%

2020

12/31/2020

Revenue
7,880
Cost of Revenue
5,865
Gross Profit
2,015
Gross Margin
25.6%
Operating Income
-293
Operating Margin
-3.7%
Net Income
-581
Net Margin
-7.4%
EPS (Basic)
$-3.10
EPS (Diluted)
$-2.88
EBITDA
-544
EBITDA Margin
-6.9%