$SPOT

Spotify Technology S.A.

CIK:0001639920|SEC Filings
v3.25.4
Consolidated statement of operations - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Revenue € 17,186 € 15,673 € 13,247
Cost of revenue 11,690 10,949 9,850
Gross profit 5,496 4,724 3,397
Research and development 1,393 1,486 1,725
Sales and marketing 1,426 1,392 1,533
General and administrative 479 481 585
Total operating expense 3,298 3,359 3,843
Operating income/(loss) 2,198 1,365 (446)
Finance income 292 328 161
Finance costs (266) (352) (220)
Finance income/(costs) - net 26 (24) (59)
Income/(loss) before tax 2,224 1,341 (505)
Income tax expense 12 203 27
Net income/(loss) attributable to owners of the parent € 2,212 € 1,138 € (532)
Earnings/(loss) per share attributable to owners of the parent      
Basic (euro per share) € 10.77 € 5.67 € (2.73)
Diluted (euro per share) € 10.51 € 5.50 € (2.73)
Weighted-average ordinary shares outstanding      
Basic (in shares) 205,412,951 200,622,518 194,732,304
Diluted (in shares) 210,509,173 206,990,369 194,732,304