Spotify Technology SA (SPOT) revenue breakdown
By segment, Premium is the largest at 89% of fiscal 2025 revenue; Ad-Supported grew fastest, 23% a year over 9 years.
By region, Other countries is the largest at 62% of fiscal 2025 revenue, growing 25% a year over 9 years.
Revenue by segment
Fiscal years, as Spotify Technology SA reports them in its 10-K filings; fiscal 2025 total $17.2B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Premium | $2.7B | $3.7B | $4.7B | $6.1B | $7.1B | $8.5B | $10.3B | $11.6B | $13.8B | $15.3B | 89% |
| Ad-Supported | $295M | $416M | $542M | $678M | $745M | $1.2B | $1.5B | $1.7B | $1.9B | $1.8B | 11% |
Revenue by region
Fiscal years, as Spotify Technology SA reports them in its 10-K filings; fiscal 2025 total $17.2B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other countries | $1.4B | $2.1B | $2.7B | $3.5B | $4.1B | $5.0B | $5.9B | $8.0B | $9.5B | $10.7B | 62% |
| United States | $1.2B | $1.6B | $2.0B | $2.5B | $2.9B | $3.7B | $4.7B | $5.2B | $6.1B | $6.5B | 38% |
| Luxembourg | $1M | $3M | $3M | $4M | $5M | $6M | $7M | $9M | $10M | $13M | 0% |
| UNITED KINGDOM | $342M | $444M | $576M | $727M | $836M | $994M | $1.1B | — | — | — | — |
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Where does Spotify Technology SA make its money?
In fiscal 2025, by segment: Premium $15.3B, Ad-Supported $1.8B.
From Spotify Technology SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.