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Spotify Net Revenue

The chart above shows the net revenue of Spotify from 2014 to 2022 in billions of Euros. Spotify’s net sales grew by more than € 2 billion or 21% in 2022 compared to the prior year. In 2022, its number of subscribers had reached 489 million. Revenue from premium subscriptions in 2022 was 87% of the total net revenue in 2022 compared to 88% in the prior year. The company generated €11.73 billion in 2022 of which €10.25 billion was from premium subscriptions.

Net Revenue of Spotify 2014-2022

The following table shows the net revenue of Spotify Technology S.A. The amounts are in millions of Euros.

YearNet Revenue (€ mn)
2022€ 11,727
2021€ 9,668
2020€ 7,880
2019€ 6,764
2018€ 5,259
2017€ 4,090
2016€ 2,952
2015€ 1,940
2014€ 1,085


Spotify is the world’s largest online streaming network with a strong global presence. The company offers its services across184 countries and territories worldwide.

As of the end of 2021, the number of Spotify’s monthly active users (including free and paid subscribers) was 406 million. The company has enjoyed solid growth and expansion in the year 2021 compared to the previous year. Its net revenue also underwent impressive growth in 2021 compared to the last year. 

In 2021, Spotify Technology S.A., the parent company of Spotify generated € 9,668 million in net revenue compared to € 7,880 million in 2020, YoY growth of around 23%. Its gross profit in 2021 increased to € 2.6 billion compared to € 2 billion in 2020. The net loss of the company declined to € 34 million in 2021 compared to €581 million in 2020.

Its subscriber base grew to 406 million Monthly Active Users by the end of 2021, compared to 345 million Monthly Active Users at the end of 2020. In 2020, Spotify offered its services across 93 countries and territories and entered several new markets in 2021. At the end of 2021, it offered its services across 184 countries and territories.