Streams music and podcasts to subscribers online.
Dec 2025Revenue €17.2B/yrExpenses €15.0B/yr
No trend
Figures by year
Is Spotify Technology profitable?
Yes. In the 12 months to Dec 2025, revenue was €17.2B and expenses €15.0B.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | €17.2B | €15.0B | €2.20B |
| Dec 2024 | €15.7B | €14.3B | €1.36B |
| Dec 2023 | €13.2B | €13.7B | −€446M |
| Dec 2022 | €11.7B | €12.4B | −€659M |
| Dec 2021 | €9.67B | €9.57B | €94.0M |
| Dec 2020 | €7.88B | €8.17B | −€293M |
| Dec 2019 | €6.76B | €6.84B | −€73.0M |
| Dec 2018 | €5.26B | €5.30B | −€43.0M |
| Dec 2017 | €4.09B | €4.47B | −€378M |
| Dec 2016 | €2.95B | €3.30B | −€349M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.