In 2024, Spotify reported its first-ever annual net profit of 1.14 billion euros, after a net loss of 532 million euros in 2023 and 430 million euros in 2022. This turnaround reflects strong revenue growth, cost optimizations, and a surge in premium subscribers. Since its launch, the company has struggled with profitability, experiencing its largest net loss of 581 million euros in 2020. However, with increasing revenues and strategic adjustments, Spotify has solidified its position as a leader in the music streaming industry. Further information Spotify is one of the leading online streaming services worldwide, experiencing rapid growth over the years. With a compound annual growth rate of 61 percent over 14 years, the platform reached 265 million paying subscribers by the end of 2024. The music streaming service also hit an all-time high of 640 million active users globally, marking a 12 percent increase in just one year. Spotify has proved popular across various markets, cementing its position as the dominant player in the digital music industry. Spotify has proved popular in multiple markets across the world, namely the United States, where more than 25 percent of 18 to 34-year-olds reported using the service. Spotify’s appeal does not only lie in its music streaming and online radio capabilities but the platform’s strong social components such as users being able to add and message friends, as well as being able to create and share music playlists as well as recommend tracks to connected users. Spotify also allows users to login with their Facebook accounts and to cross-post their listening habits to the social network In 2015, the company’s revenue surpassed 1 billion euros for the first time but not without a cost – that year, Spotify’s net loss amounted to 162 million euros. A major part of Spotify’s expenses are the royalty fees that the streaming platform has to pay to the music artists and license holders, with payments amounting to over 882 million U.S. dollars in 2014. As the music streaming industry continues to expand, digital streaming revenue in the United States reached 14.36 billion U.S. dollars in 2023, accounting for the majority of the music industry’s total revenue.

With music streaming not slowing down on its conquest to revolutionize the way we consume music, is the same to say about the companies that are leading the change? For Spotify, it looks like yes. The Swedish streaming giant has seen an overall increase in quarterly revenue since its foundation by CEO Daniel Ek in 2006. In the first quarter of 2025, the company accumulated a revenue of **** billion euros. This growth is mirrored by its expanding subscriber base, rising from *** million premium subscribers in Q4 2023 to *** million in Q1 2025. Additionally, Spotify reached a record high in annual revenue in 2024, generating over ** billion euros—underscoring its continued dominance in the global music streaming market. Spotify’s record operating income in 2024 Despite its success as a global streaming leader, Spotify had reported significant operating losses for six consecutive quarters starting in late 2021, peaking at a record *** million euros in the second quarter of 2023. These losses were largely attributed to heavy investments in platform development, acquisitions—particularly in the podcast sector—and rising research and development spending, which totaled **** billion euros in 2023. However, the company began to recover in 2024, marking a major financial milestone with a record operating income of **** billion euros for the year, including *** million euros in the second quarter alone. This turnaround was driven by strong revenue growth, cost optimization strategies, and a surge in premium subscriptions. Spotify’s return to profitability was further confirmed by its first-ever annual net profit of **** billion euros in 2024, following net losses of *** million euros in 2023 and *** million euros in 2022. Market competitors In recent years, Spotify has been dominating the market, expanding the distance between itself and other competitors. With a ** percent share of streaming subscribers, the Swedish company is way ahead of other streaming sites such as Apple Music, with a share of ** percent. Nonetheless, newer streaming services are still entering the market: the French streaming site Deezer, for example, decided to go public in the second half of 2022 and generated a gross profit of ***** million euros in 2023. Developments like this show that despite the streaming market being very competitive, there might still lie potential for growth in terms of user penetration but also different streaming services.

In 2024, music streaming service Spotify generated a revenue of ***** billion euros, reaching company’s first-ever full year of profitability. The majority of Spotify's revenues came from its premium subscribers rather than ad placements. Founded in Stockholm in 2005, the former start-up is now a market leader in the digital music streaming sector, competing alongside established companies such as Apple and their streaming service Apple Music. Spotify’s record operating income in 2024 While Spotify has established itself as a market leader, generating high revenue, it has also seen a significant turnaround in operating income. The company moved from a loss of *** million euros in 2023 to a record operating profit of **** billion euros in 2024. This milestone was driven by growth in revenue, cost optimizations, and a surge in premium subscriptions. The net income of Spotify seems to confirm this, as Spotify recorded a net profit of **** billion euros in 2024, compared to a net loss of *** million euros in 2023 and *** million euros in 2022. The music streaming market is expanding While Spotify has struggled with generating an operating income, the music streaming market is actually expanding. The number of subscribers to music streaming services has steadily been rising, highlighting the increased popularity of digital music consumption. While this development goes hand in hand with a decrease in physical music sales, the more recent upsurge in audio content streaming can partly also be attributed to the heightened demand in entertainment caused by the coronavirus pandemic.

Here is the full breakdown of how much revenue Spotify has generated each year since 2012.

Spotify reported its first-ever annual net profit in 2024, marking a significant financial turnaround. The company recorded an operating profit of **** billion euros, compared to a loss of *** million euros in the previous year. This milestone was driven by revenue growth, cost optimizations, and a surge in premium subscriptions. Additionally, Spotify's annual revenue reached ***** billion euros, up **** percent year-on-year, further solidifying its market position.

Despite not being very profitable, Spotify has maintained strong subscriber and revenue growth. Here are the key Spotify Statistics you need to know.

Spotify reported EUR1.32B in Gross Profit on Sales for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - Gross Profit On Sales including historical, tables and charts were last updated by Trading Economics this last August in 2025.

In this blog are the latest Spotify statistics that paint a picture of how the company has succeeded so far and what’s likely to happen in the future.

Spotify reported EUR-86000000 in Net Income for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - Net Income including historical, tables and charts were last updated by Trading Economics this last August in 2025.

In the first quarter of 2025, music streaming service Spotify reported a net operating income of *** million euros, its highest quarterly figure to date. This milestone marked the continuation of the company's return to profitability. However, Spotify recorded its largest operating loss in the second quarter of 2023.

There are currently more than 4 million podcast titles on the platform today.

Spotify reported EUR4.19B in Sales Revenues for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last August in 2025.

Spotify has about 80 million individual tracks on the platform.

Spotify reported EUR406M in EBIT for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - Ebit including historical, tables and charts were last updated by Trading Economics this last August in 2025.

29% of all Spotify users fall into the 25 to 34 age range. This is closely followed by 26% of users in the 18 to 24-year-old age.

Spotify has about 11 million artists and creators on the platform.

Spotify reported EUR48M in Pre-Tax Profit for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - Pre Tax Profit including historical, tables and charts were last updated by Trading Economics this last August in 2025.

Spotify reported EUR-0.42 in EPS Earnings Per Share for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - EPS Earnings Per Share including historical, tables and charts were last updated by Trading Economics this last August in 2025.

In 2024, Polish artists generated approximately *** million zloty from Spotify, ** percent more than in the previous year.

Spotify reported EUR61M in Interest Income for its fiscal quarter ending in June of 2025. Data for Spotify | SPOT - Interest Income including historical, tables and charts were last updated by Trading Economics this last August in 2025.