Spotify Technology S.A.
SPOTFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
17,084
Cost of Revenue
11,934
Gross Profit
5,149
Gross Margin
30.1%
Operating Income
1,488
Operating Margin
8.7%
Net Income
1,240
Net Margin
7.3%
EPS (Basic)
$5.67
EPS (Diluted)
$5.50
EBITDA
1,633
EBITDA Margin
9.6%
2023
12/31/2023
Revenue
14,439
Cost of Revenue
10,737
Gross Profit
3,703
Gross Margin
25.6%
Operating Income
-486
Operating Margin
-3.4%
Net Income
-580
Net Margin
-4.0%
EPS (Basic)
$-2.73
EPS (Diluted)
$-2.68
EBITDA
-337
EBITDA Margin
-2.3%
2022
12/31/2022
Revenue
12,782
Cost of Revenue
9,593
Gross Profit
3,189
Gross Margin
25.0%
Operating Income
-718
Operating Margin
-5.6%
Net Income
-469
Net Margin
-3.7%
EPS (Basic)
$-2.23
EPS (Diluted)
$-2.86
EBITDA
-172
EBITDA Margin
-1.3%
2021
12/31/2021
Revenue
10,538
Cost of Revenue
7,714
Gross Profit
2,824
Gross Margin
26.8%
Operating Income
102
Operating Margin
1.0%
Net Income
-37
Net Margin
-0.4%
EPS (Basic)
$-0.18
EPS (Diluted)
$-1.07
EBITDA
453
EBITDA Margin
4.3%
2020
12/31/2020
Revenue
8,589
Cost of Revenue
6,393
Gross Profit
2,196
Gross Margin
25.6%
Operating Income
-319
Operating Margin
-3.7%
Net Income
-633
Net Margin
-7.4%
EPS (Basic)
$-3.10
EPS (Diluted)
$-2.88
EBITDA
-593
EBITDA Margin
-6.9%