Overview
Spotify Technology S.A., based in Luxembourg, is a global leader in the audio streaming and media services sector. As an innovator in music streaming, Spotify offers a diverse array of products including subscription-based music streaming services, which allow users to browse an extensive library of music and podcasts without interruptions. The platform distinguishes itself with personalized content recommendations generated through user data and algorithms. Spotify consistently invests in technology enhancements and strategic partnerships, expanding its reach and capabilities. Key initiatives have included ventures into podcast acquisitions and the development of proprietary ad technology to monetize content, thereby driving its growth in various international markets. These strategic moves support Spotify’s aim to refine and expand its services, ensuring a strong position within the streaming industry.
Quality, Value, Momentum Scores
This card shows the Quality, Value, and Momentum scores for the company
Income Statement: Revenue, Operating Income, Net Income
- The revenue for Spotify Technology S.A. as of 30 June 2025 is 16,613.00 MM.
- The operating income for Spotify Technology S.A. as of 30 June 2025 is 1,889.00 MM.
- The net income for Spotify Technology S.A. as of 30 June 2025 is 806.00 MM.
| Period End (TTM) | Revenue (MM) | Operating Income (MM) | Net Income (MM) |
| 2025-06-30 | 16,613.00 | 1,889.00 | 806.00 |
| 2025-03-31 | 16,227.00 | 1,749.00 | 1,166.00 |
| 2024-12-31 | 15,673.00 | 1,408.00 | 1,138.00 |
| 2024-09-30 | 15,102.00 | 1,131.00 | 701.00 |
| 2024-06-30 | 14,471.00 | 709.00 | 466.00 |
| 2024-03-31 | 13,841.00 | 242.00 | -110.00 |
| 2023-12-31 | 13,247.00 | -82.00 | -532.00 |
| 2023-09-30 | 12,742.00 | -556.00 | -732.00 |
| 2023-06-30 | 12,421.00 | -816.00 | -963.00 |
| 2023-03-31 | 12,108.00 | -809.00 | -786.00 |
| 2022-12-31 | 11,727.00 | -659.00 | -430.00 |
| 2022-09-30 | 11,250.00 | -437.00 | -199.00 |
| 2022-06-30 | 10,715.00 | -134.00 | -31.00 |
| 2022-03-31 | 10,182.00 | 73.00 | 74.00 |
| 2021-12-31 | 9,668.00 | 94.00 | -34.00 |
| 2021-09-30 | 9,147.00 | 45.00 | -120.00 |
| 2021-06-30 | 8,621.00 | -67.00 | -223.00 |
| 2021-03-31 | 8,179.00 | -242.00 | -559.00 |
| 2020-12-31 | 7,880.00 | -293.00 | -581.00 |
| 2020-09-30 | 7,567.00 | -276.00 | -665.00 |
Income Statement: EPS
- The earnings per share basic for Spotify Technology S.A. as of 30 June 2025 is 3.96.
- The earnings per share diluted for Spotify Technology S.A. as of 30 June 2025 is 3.84.
| Period End (TTM) | Earnings Per Share Basic | Earnings Per Share Diluted |
| 2025-06-30 | 3.96 | 3.84 |
| 2025-03-31 | 5.77 | 5.59 |
| 2024-12-31 | 5.67 | 5.50 |
| 2024-09-30 | 3.52 | 3.45 |
| 2024-06-30 | 2.36 | 2.33 |
| 2024-03-31 | -0.56 | -0.56 |
| 2023-12-31 | -2.73 | -2.73 |
| 2023-09-30 | -3.77 | -3.70 |
| 2023-06-30 | -4.97 | -5.04 |
| 2023-03-31 | -4.07 | -4.35 |
| 2022-12-31 | -2.23 | -2.93 |
| 2022-09-30 | -1.03 | -1.84 |
| 2022-06-30 | -0.16 | -1.25 |
| 2022-03-31 | 0.39 | -0.56 |
| 2021-12-31 | -0.18 | -1.03 |
| 2021-09-30 | -0.63 | -1.51 |
| 2021-06-30 | -1.17 | -1.63 |
| 2021-03-31 | -2.96 | -3.14 |
| 2020-12-31 | -3.10 | -3.10 |
| 2020-09-30 | -3.58 | -3.54 |
Cash Flow: Operations, Investing, Financing
- The cash from operating activities for Spotify Technology S.A. as of 30 June 2025 is 2,846.00 MM.
- The cash from investing activities for Spotify Technology S.A. as of 30 June 2025 is -1,998.00 MM.
- The cash from financing activities for Spotify Technology S.A. as of 30 June 2025 is 480.00 MM.
| Period End (TTM) | Cash From Operating Activities (MM) | Cash From Investing Activities (MM) | Cash From Financing Activities (MM) |
| 2025-06-30 | 2,846.00 | -1,998.00 | 480.00 |
| 2025-03-31 | 2,629.00 | -1,686.00 | 653.00 |
| 2024-12-31 | 2,301.00 | -1,486.00 | 729.00 |
| 2024-09-30 | 1,815.00 | -293.00 | 679.00 |
| 2024-06-30 | 1,311.00 | -414.00 | 579.00 |
| 2024-03-31 | 832.00 | -209.00 | 387.00 |
| 2023-12-31 | 680.00 | -217.00 | 234.00 |
| 2023-09-30 | 213.00 | -313.00 | 19.00 |
| 2023-06-30 | 42.00 | -219.00 | -1.00 |
| 2023-03-31 | 68.00 | -389.00 | -13.00 |
| 2022-12-31 | 46.00 | -423.00 | -40.00 |
| 2022-09-30 | 235.00 | -235.00 | -44.00 |
| 2022-06-30 | 318.00 | -247.00 | -4.00 |
| 2022-03-31 | 333.00 | -229.00 | 22.00 |
| 2021-12-31 | 361.00 | -187.00 | 1,250.00 |
| 2021-09-30 | 349.00 | -406.00 | 1,308.00 |
| 2021-06-30 | 348.00 | -419.00 | 1,374.00 |
| 2021-03-31 | 333.00 | -302.00 | 1,458.00 |
| 2020-12-31 | 259.00 | -372.00 | 285.00 |
| 2020-09-30 | 355.00 | -345.00 | 361.00 |
Valuation Metrics : PE, PriceToBook, PriceToTBV
- P/Book
- The current closing price divided by the book value per share.
- P/TBV
- The current price divided by the tangible book value per share.
| Period End (TTM) | p/e | P/Book | P/TBV |
| 2025-06-30 | |||
| 2025-03-31 | |||
| 2024-12-31 | |||
| 2024-09-30 | |||
| 2024-06-30 | |||
| 2024-03-31 | |||
| 2023-12-31 | |||
| 2023-09-30 | |||
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| 2023-03-31 | |||
| 2022-12-31 | |||
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| 2022-03-31 | |||
| 2021-12-31 | |||
| 2021-09-30 | |||
| 2021-06-30 | |||
| 2021-03-31 | |||
| 2020-12-31 | |||
| 2020-09-30 |
Valuation Metrics : EBitToEv, EBit3YrAvgToEv
| Period End (TTM) | EBIT/EV | EBIT (3y)/EV |
| 2025-06-30 | ||
| 2025-03-31 | ||
| 2024-12-31 | ||
| 2024-09-30 | ||
| 2024-06-30 | ||
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| 2021-12-31 | ||
| 2021-09-30 | ||
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| 2021-03-31 | ||
| 2020-12-31 | ||
| 2020-09-30 |
Management Effectiveness
- The roa for Spotify Technology S.A. as of 30 June 2025 is 0.11.
- The roe for Spotify Technology S.A. as of 30 June 2025 is 0.19.
- The roic for Spotify Technology S.A. as of 30 June 2025 is 0.12.
- The croic for Spotify Technology S.A. as of 30 June 2025 is 0.16.
- The ocroic for Spotify Technology S.A. as of 30 June 2025 is 0.26.
| Period End (TTM) | ROA | ROE | ROIC | CROIC | OCROIC |
| 2025-06-30 | 0.11 | 0.19 | 0.12 | 0.16 | 0.26 |
| 2025-03-31 | 0.13 | 0.34 | 0.15 | 0.22 | 0.30 |
| 2024-12-31 | 0.08 | 0.45 | 0.11 | 0.32 | 0.28 |
| 2024-09-30 | 0.09 | 0.33 | 0.08 | 0.25 | 0.21 |
| 2024-06-30 | -0.01 | -0.05 | -0.02 | 0.20 | 0.16 |
| 2024-03-31 | -0.07 | -0.22 | -0.12 | 0.15 | 0.16 |
| 2023-12-31 | -0.10 | -0.33 | -0.19 | -0.06 | 0.05 |
| 2023-09-30 | -0.13 | -0.42 | -0.25 | -0.06 | 0.01 |
| 2023-06-30 | -0.11 | -0.42 | -0.25 | -0.06 | 0.01 |
| 2023-03-31 | -0.06 | -0.37 | -0.19 | -0.07 | 0.02 |
| 2022-12-31 | -0.06 | -0.20 | -0.10 | -0.06 | 0.01 |
| 2022-09-30 | -0.00 | -0.09 | -0.05 | 0.08 | 0.06 |
| 2022-06-30 | 0.01 | -0.01 | -0.01 | 0.08 | 0.08 |
| 2022-03-31 | -0.00 | 0.02 | 0.02 | 0.07 | 0.08 |
| 2021-12-31 | -0.02 | -0.01 | -0.01 | 0.41 | 0.09 |
| 2021-09-30 | -0.02 | -0.05 | -0.03 | 0.34 | 0.08 |
| 2021-06-30 | -0.04 | -0.11 | -0.05 | 0.29 | 0.08 |
| 2021-03-31 | -0.11 | -0.28 | -0.11 | 0.29 | 0.07 |
| 2020-12-31 | -0.11 | -0.29 | -0.17 | 0.03 | 0.08 |
| 2020-09-30 | -0.13 | -0.34 | -0.22 | 0.10 | 0.12 |
Gross Margins
- The gross margin for Spotify Technology S.A. as of 30 June 2025 is 0.31.
- The net margin for Spotify Technology S.A. as of 30 June 2025 is 0.07.
- The operating margin for Spotify Technology S.A. as of 30 June 2025 is 0.11.
- Gross Margin
- The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.
- Net Margin
- The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.
- Operating Margin
- The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.
| Period End (TTM) | Gross Margin | Net Margin | Operating Margin |
| 2025-06-30 | 0.31 | 0.07 | 0.11 |
| 2025-03-31 | 0.30 | 0.07 | 0.09 |
| 2024-12-31 | 0.29 | 0.05 | 0.07 |
| 2024-09-30 | 0.27 | 0.03 | 0.04 |
| 2024-06-30 | 0.27 | -0.01 | 0.02 |
| 2024-03-31 | 0.26 | -0.04 | -0.03 |
| 2023-12-31 | 0.26 | -0.06 | -0.03 |
| 2023-09-30 | 0.25 | -0.08 | -0.05 |
| 2023-06-30 | 0.25 | -0.08 | -0.05 |
| 2023-03-31 | 0.25 | -0.06 | -0.07 |
| 2022-12-31 | 0.25 | -0.04 | -0.06 |
| 2022-09-30 | 0.26 | -0.02 | -0.04 |
| 2022-06-30 | 0.27 | -0.00 | -0.01 |
| 2022-03-31 | 0.27 | 0.01 | 0.01 |
| 2021-12-31 | 0.27 | -0.00 | 0.01 |
| 2021-09-30 | 0.26 | -0.01 | 0.00 |
| 2021-06-30 | 0.26 | -0.03 | -0.01 |
| 2021-03-31 | 0.26 | -0.07 | -0.03 |
| 2020-12-31 | 0.26 | -0.07 | -0.04 |
| 2020-09-30 | 0.25 | -0.09 | -0.04 |
Identifiers and Descriptors
| Central Index Key (CIK) | 1639920 |
Industry Groups
| SIC 4832 - Radio Broadcasting Stations |
