Spotify Technology S.A.SPOT
Market cap
P/E ratio
| Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
| Revenue | 5,259 | 6,764 | 7,880 | 9,668 | 11,727 | 13,247 | 15,673 |
| Cost of sales | 3,906 | 5,042 | 5,865 | 7,077 | 8,801 | 9,850 | 10,949 |
| Gross profit | 1,353 | 1,722 | 2,015 | 2,591 | 2,926 | 3,397 | 4,724 |
| Research and development | 493 | 615 | 837 | 912 | 1,387 | 1,725 | 1,486 |
| Sales and marketing | 620 | 826 | 1,029 | 1,135 | 1,572 | 1,533 | 1,392 |
| General and administrative | 283 | 354 | 442 | 450 | 626 | 585 | 481 |
| Total operating expense | 1,396 | 1,795 | 2,308 | 2,497 | 3,585 | 3,843 | 3,359 |
| Operating income/(loss) | -43 | -73 | -293 | 94 | -659 | -446 | 1,365 |
| Finance income | 455 | 275 | 94 | 246 | 421 | 161 | 328 |
| Finance costs | 584 | 333 | 510 | 91 | 132 | 220 | 352 |
| Finance (costs)/income - net | -130 | -58 | -416 | 155 | 289 | -59 | -24 |
| Income/(loss) before tax | -173 | -131 | -709 | 249 | -370 | -505 | 1,341 |
| Income tax expense | -95 | 55 | -128 | 283 | 60 | 27 | 203 |
| Net income/(loss) attributable to owners of the parent | -78 | -186 | -581 | -34 | -430 | -532 | 1,138 |
| Basic (euro per share) | -0.44 | -1.03 | -3.1 | -0.18 | -2.23 | -2.73 | 5.67 |
| Diluted (euro per share) | -0.51 | -1.03 | -3.1 | -1.03 | -2.93 | -2.73 | 5.5 |