The Spotify Story
From Swedish startup to 670M+ monthly listeners
User Growth
Monthly active users and premium subscribers (millions)
Monthly Active Users
675M
Premium Subscribers
263M
Your Daily Soundtrack
How Spotify made music free (and changed the industry forever)
$0.004
Average payout per stream
Artists need 250 streams to earn $1. A million streams = $4,000. The economics of streaming.
SPOTNYSE
Spotify Technology S.A.
Music streaming for 600 million users
$501.50
+236.6% since 2018
Revenue (TTM)
How much money came in the door over the past year. Think of it as total sales before paying any bills.
$15.1B
+18.6%
Net Income (TTM)
What's left after paying everyone—employees, suppliers, taxes, everything. This is the actual profit.
$840.0M
-186.6%
Gross Margin
For every dollar of sales, how much is left after making the product? Higher is better—more room for profit.
31.0%
EPS (TTM)
If you owned one share, this is your slice of the profit. Bigger number = more earnings for each share you hold.
$4.08
-181.9%
Financial Performance
Finally profitable after years of losses. Gross margins improved to 27%+ as podcasting bets mature. Premium subscribers drive 90% of revenue with strong retention.
Revenue
Money coming in the door each quarter—total sales before paying any bills.
$4.0B
+250.9%
Net Income
What's left after paying everyone. This is the real profit the company keeps.
$300.0M
-276.5%
Earnings Per Share
Your slice of the profit for each share you own. Bigger = better.
$1.45
-254.3%
Margins
How much profit is made on each dollar of sales. Higher margins = more efficient business.
Profitability over time
Gross
31.0%
Operating
11.0%
Enjoyed the Spotify Technology S.A. breakdown?
Get the next one in your inbox.
About Spotify Technology S.A.
Spotify is the world's largest audio streaming platform with over 600 million users. The company offers music, podcasts, and audiobooks, competing with Apple Music and Amazon Music while pioneering the freemium model for streaming.
Communication ServicesEntertainment
Data Sources
Price Data: Yahoo FinanceFinancials: Spotify Technology S.A. SEC Filings