Below are the financial statements of Spotify Technology, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of EUR | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 15.67a | 13.25a | 11.73a |
| Cost of revenue | -10.95a | -9.85a | -8.8a |
| Gross profit | 4.72a | 3.4a | 2.93a |
| Research and development | -1.49a | -1.73a | -1.39a |
| Sales and marketing | -1.39a | -1.53a | -1.57a |
| General and administrative | -0.48a | -0.59a | -0.63a |
| Operating income/(loss) | 1.37a | -0.45a | -0.66a |
| Finance income | 0.33a | 0.16a | 0.42a |
| Finance costs | -0.35a | -0.22a | -0.13a |
| Finance (costs)/income - net | -0.02a | -0.06a | 0.29a |
| Income/(loss) before tax | 1.34a | -0.51a | -0.37a |
| Income tax expense | -0.2a | -0.03a | -0.06a |
| Net income/(loss) attributable to owners of the parent | 1.14a | -0.53a | -0.43a |
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