Spotify (SPOT) Revenue & Revenue Breakdown
Spotify Revenue Highlights
Latest Revenue (Y)
$13.25B
Latest Revenue (Q)
$3.64B
Main Geography (Y)
Other Countries
Spotify Revenue by Period
Spotify Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $13.25B | 12.96% |
| 2022-12-31 | $11.73B | 21.30% |
| 2021-12-31 | $9.67B | 22.69% |
| 2020-12-31 | $7.88B | 16.50% |
| 2019-12-31 | $6.76B | 28.62% |
| 2018-12-31 | $5.26B | 28.58% |
| 2017-12-31 | $4.09B | 38.55% |
| 2016-12-31 | $2.95B | 52.16% |
| 2015-12-31 | $1.94B | - |
Spotify generated $13.25B in revenue during NA 2023, up 12.96% compared to the previous quarter, and up 251.89% compared to the same period a year ago.
Spotify Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $3.64B | -0.95% |
| 2023-12-31 | $3.67B | 9.35% |
| 2023-09-30 | $3.36B | -3.17% |
| 2023-06-30 | $3.47B | 13.97% |
| 2023-03-31 | $3.04B | -3.92% |
| 2022-12-31 | $3.17B | 4.28% |
| 2022-09-30 | $3.04B | 6.01% |
| 2022-06-30 | $2.86B | 7.63% |
| 2022-03-31 | $2.66B | -1.04% |
| 2021-12-31 | $2.69B | 7.52% |
| 2021-09-30 | $2.50B | 7.29% |
| 2021-06-30 | $2.33B | 8.57% |
| 2021-03-31 | $2.15B | -0.97% |
| 2020-12-31 | $2.17B | 9.77% |
| 2020-09-30 | $1.98B | 4.55% |
| 2020-06-30 | $1.89B | 2.22% |
| 2020-03-31 | $1.85B | -0.38% |
| 2019-12-31 | $1.85B | 7.16% |
| 2019-09-30 | $1.73B | 3.84% |
| 2019-06-30 | $1.67B | 10.32% |
| 2019-03-31 | $1.51B | 1.07% |
| 2018-12-31 | $1.50B | 10.58% |
| 2018-09-30 | $1.35B | 6.21% |
| 2018-06-30 | $1.27B | 11.76% |
| 2018-03-31 | $1.14B | -0.87% |
| 2017-12-31 | $1.15B | 11.34% |
| 2017-09-30 | $1.03B | 2.48% |
| 2017-06-30 | $1.01B | 11.64% |
| 2017-03-31 | $902.00M | 3.44% |
| 2016-12-31 | $872.00M | 16.73% |
| 2016-09-30 | $747.00M | 4.62% |
| 2016-06-30 | $714.00M | 15.35% |
| 2016-03-31 | $619.00M | - |
Spotify generated $3.64B in revenue during Q1 2024, up -0.95% compared to the previous quarter, and up 114.85% compared to the same period a year ago.
Spotify Revenue Breakdown
Spotify Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Country of domicile | $7.00M | $6.00M | $5.00M | - | - |
| Other Countries | $5.89B | $4.98B | $4.09B | $3.49B | $2.71B |
| UNITED STATES | $4.71B | $3.69B | $2.95B | $2.54B | $1.97B |
| Country Of Domicile | - | - | - | $4.00M | $3.00M |
Spotify's latest annual revenue breakdown by geography, as of Dec 22: Other Countries (55.54%), UNITED STATES (44.39%), and Country of domicile (0.07%).
Spotify Peer Comparison by Revenue
SPOT Revenue FAQ
What is Spotify’s yearly revenue?
Spotify's yearly revenue for 2023 was $13.25B, representing an increase of 12.96% compared to 2022. The company's yearly revenue for 2022 was $11.73B, representing an increase of 21.30% compared to 2021. SPOT's yearly revenue for 2021 was $9.67B, representing an increase of 22.69% compared to 2020.
What is Spotify’s quarterly revenue?
Spotify's quarterly revenue for Q1 2024 was $3.64B, a -0.95% decrease from the previous quarter (Q4 2023), and a 19.53% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $3.67B, a 9.35% increase from the previous quarter (Q3 2023), and a 15.95% increase year-over-year (Q4 2022). SPOT's quarterly revenue for Q3 2023 was $3.36B, a -3.17% decrease from the previous quarter (Q2 2023), and a 10.57% increase year-over-year (Q3 2022).
What is Spotify’s revenue growth rate?
Spotify's revenue growth rate for the last 3 years (2021-2023) was 37.02%, and for the last 5 years (2019-2023) was 95.85%.