Spotify Technology S.A.
Music streaming and audioFounded 2006- Updated June 2026
Reviewed by Swet Parvadiya
Last reviewed: June 2026
CorpDigest
Spotify Technology S.A.
Annual Revenue
Last reviewed: 2026-06-03 · By Swet Parvadiya
FY2024 Revenue
$15.7B
▲ 18.3% vs FY2023 ($13.2B)
Net Income: $1.1B
Source: Form 20-F
Spotify Technology S.A. reported $15.7B in revenue for fiscal year 2024. This represents a growth of 18.3% compared to the 2023 figure of $13.2B.
Revenue reached EUR15.7B and Spotify posted its first full-year net profit after 2023 cost cuts.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $15.7B | $1.1B | +18.3% |
| FY2023 | $13.2B | N/A | +13.0% |
| FY2022 | $11.7B | N/A | +21.3% |
| FY2021 | $9.7B | N/A | +22.7% |
| FY2020 | $7.9B | N/A | +16.5% |
| FY2019 | $6.8B | N/A | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.