Spotify (SPOT) stock price, revenue, and financials

Spotify market cap is $48.4 b, and annual revenue was €6.76 b in FY 2019

$48.4 B

SPOT Mkt cap, 06-Jul-2020

€1.8 B

Spotify Revenue Q1, 2020
Spotify Gross profit (Q1, 2020)472 M
Spotify Gross profit margin (Q1, 2020), %25.5%
Spotify Net income (Q1, 2020)1 M
Spotify EBIT (Q1, 2020)-17 M
Spotify Cash, 31-Mar-2020951 M
Spotify EV48.1 B

Spotify Revenue

Spotify revenue was €6.76 b in FY, 2019 which is a 28.6% year over year increase from the previous period.

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Spotify Revenue Breakdown

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Spotify revenue breakdown by business segment: 10.0% from Ad-Supported and 90.0% from Premium

Spotify revenue breakdown by geographic segment: 51.6% from Other Countries, 10.7% from United Kingdom, 37.6% from United States and 0.1% from Other

Spotify Income Statement

Annual

EURFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.0b4.1b5.3b6.8b

Revenue growth, %

52%39%29%29%

Cost of goods sold

2.6b3.2b3.9b5.0b

Gross profit

401.0m849.0m1.4b1.7b

Gross profit Margin, %

14%21%26%25%

Sales and marketing expense

368.0m567.0m620.0m826.0m

R&D expense

207.0m396.0m493.0m615.0m

General and administrative expense

175.0m264.0m283.0m354.0m

Operating expense total

750.0m1.2b1.4b1.8b

EBIT

(349.0m)(378.0m)(43.0m)(73.0m)

EBIT margin, %

(12%)(9%)(1%)(1%)

Interest expense

4.0m38.0m

Interest income

5.0m19.0m25.0m31.0m

Pre tax profit

(535.0m)(1.2b)(173.0m)(131.0m)

Income tax expense

4.0m2.0m(95.0m)55.0m

Net Income

(539.0m)(1.2b)(78.0m)(186.0m)

EPS

(3.6)(8.1)(0.5)(1.0)

Spotify Balance Sheet

Annual

EURFY, 2016FY, 2017FY, 2018FY, 2019

Cash

755.0m477.0m891.0m1.1b

Accounts Receivable

223.0m272.0m273.0m305.0m

Current Assets

1.9b1.9b2.2b2.2b

PP&E

85.0m73.0m197.0m291.0m

Goodwill

73.0m135.0m146.0m478.0m

Total Assets

2.1b3.1b4.3b5.1b

Accounts Payable

139.0m242.0m295.0m377.0m

Current Liabilities

1.2b1.9b2.1b2.4b

Long-term debt

1.1b944.0m622.0m

Non-Current Liabilities

1.1b1.0b95.0m646.0m

Total Debt

1.1b944.0m622.0m

Total Liabilities

2.3b2.9b2.2b3.1b

Additional Paid-in Capital

830.0m2.5b3.8b4.2b

Retained Earnings

(1.2b)(2.4b)(2.5b)(2.7b)

Total Equity

(240.0m)238.0m2.1b2.0b

Debt to Equity Ratio

-4.6 x4 x0.3 x

Debt to Assets Ratio

0.5 x0.3 x0.1 x

Financial Leverage

-8.7 x13.1 x2.1 x2.5 x

Spotify Cash Flow

Annual

EURFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(539.0m)(1.2b)(78.0m)(186.0m)

Depreciation and Amortization

38.0m54.0m32.0m87.0m

Accounts Receivable

(60.0m)(112.0m)(61.0m)(27.0m)

Accounts Payable

245.0m447.0m291.0m454.0m

Cash From Operating Activities

101.0m179.0m344.0m573.0m

Purchases of PP&E

(27.0m)(36.0m)(125.0m)(135.0m)

Cash From Investing Activities

(827.0m)(435.0m)(22.0m)(218.0m)

Long-term Borrowings

(5.0m)(4.0m)(17.0m)

Cash From Financing Activities

916.0m34.0m92.0m(203.0m)

Net Change in Cash

190.0m(222.0m)414.0m152.0m

Interest Paid

37.0m

Income Taxes Paid

(4.0m)2.0m(9.0m)4.0m

Spotify Ratios

EURFY, 2016

Revenue/Employee

1.4m

Debt/Equity

-4.6 x

Debt/Assets

0.5 x

Financial Leverage

-8.7 x

Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 286 m in Q1, 2020.
FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020

Premium ARPU

€6.20 €5.46 €5.53 €5.06 €5.24 €5.32 €4.72 €4.89 €4.73 €4.89 €4.81 €4.71 €4.86 €4.67 €4.65 €4.72 €4.42

Monthly Active Users

123 m131 m136 m147 m157 m159 m170 m180 m191 m207 m207 m217 m232 m248 m271 m271 m286 m

Premium Subscriptions

48 m52 m59 m62 m71 m71 m75 m83 m87 m96 m96 m100 m108 m113 m124 m124 m130 m

Ad-Supported Monthly Active Users

77 m82 m81 m89 m90 m90 m99 m101 m109 m116 m116 m123 m129 m141 m153 m153 m163 m

Content, hours

26.70 b8.70 b9.60 b10.20 b11.20 b39.80 b15 b

Premium Churn

6.6%5.5%5.9%5.7%5.1%5.5%

Monthly Active Users (Europe)

46 m48 m51 m54 m58 m58 m

Monthly Active Users (North America)

42 m44 m46 m48 m51 m51 m

Monthly Active Users (Latin America)

24 m26 m27 m31 m33 m33 m

Monthly Active Users (Rest of World)

11 m12 m13 m15 m16 m16 m

Total Daily Active Users to Monthly Active Users

42%44%45%43%44%44%

Content Hours per Monthly Active User

22 23 24 24 25 25

Premium Subscribers (Europe)

20 m21 m24 m25 m28 m28 m

Premium Subscribers (North America)

16 m17 m19 m20 m22 m22 m

Premium Subscribers (Latin America)

9 m9 m11 m11 m14 m14 m

Premium Subscribers (Rest of World)

4 m4 m5 m5 m6 m6 m

Ad-Supported Monthly Active Users (Europe)

27 m28 m28 m30 m31 m31 m

Ad-Supported Monthly Active Users (North America)

27 m28 m27 m29 m30 m30 m

Ad-Supported Monthly Active Users (Latin America)

16 m17 m17 m20 m20 m20 m

Ad-Supported Monthly Active Users (Rest of World)

7 m8 m8 m10 m10 m10 m

Monthly Active Users (US)

157 m

Countries

61 65 65 78 78 79 79 79 79 79 79

Tracks

35 m35 m40 m40 m50 m

Playlists

3.20 b3 b3 b4 b

ARPU

€7.09 €6.89 €7.40 €7.02 €7.32 €7.32 €6.70 €4.89

Cost per User

€5.85 €6.08 €5.70 €5.46 €5.52 €5.52 €5.04

Podcasts on the Platform

700 k

Spotify Human Capital

FY, 2019FY, 2018Jun, 2018FY, 2017
Female (Management), percent42.4 %40.3 %19.2 %37 %
Male (Management), percent53.6 %57.4 %30.8 %63 %
Other4 %2.3 %
Female (Engineers), percent13.3 %
Male (Engineers), percent36.7 %
FY, 2019FY, 2018Jun, 2018FY, 2017
Male, percent55.4 %57.3 %61.3 %61 %
Female, percent41 %39.2 %38.7 %38.8 %
Other3.6 %3.5 %0.2 %

Ethnicity

Jun, 2018
Black / African American (USA), percent7.7 %
Asian (USA), percent18.7 %
Hispanic (USA), percent7 %
White (USA), percent63.2 %
Other3.4 %

Spotify Employee Rating

3.8493 votes
Culture & Values
4
Work/Life Balance
4.2
Senior Management
3.4
Salary & Benefits
3.8
Career Opportunities
3.4
Source