The chart above shows the annual gross profit of Spotify in Euros billions. The company has experienced 13% increase in its gross profit in 2022 compared to the prior year. Its consolidated gross profit in 2022 reached € 2,926 million which included € 2,896 gross profit from premium subscriptions. Ad supported gross profit remained only € 30 million in 2022.
Spotify Gross profit 2014-2022
The following table shows the gross profit of Spotify technology S.A. from 2014 to 2022. The amounts are millions of Euros.
| Year | Gross Profit (€ million) |
| 2022 | € 2,926 |
| 2021 | € 2,591 |
| 2020 | € 2,015 |
| 2019 | € 1,722 |
| 2018 | € 1,353 |
| 2017 | € 849 |
| 2016 | € 401 |
| 2015 | € 226 |
| 2014 | € 174 |
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SPOTIFY NET REVENUE
SPOTIFY NUMBER OF MONTHLY ACTIVE USERS
Spotify is the largest online music streaming network with a strong global presence. The company offers its services across 184 countries and territories. It has experienced significant market expansion and robust financial growth in 2021 compared to 2020.
In 2021, Spotify Technology S.A., the parent company of Spotify, generated € 9.7 billion in net revenue compared to € 7.9 billion in 2020. Its total 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 the last year.
Spotify experienced significant expansion in 2021 over the last year. By the end of 2021, it was offering its services across 184 countries and territories compared to 93 in the prior year. The number of Spotify Monthly Active Users was 406 million at the end of 2021 compared to 345 million at the end of 2020.
Spotify had 180 million premium subscribers at the end of 2021 compared to 155 million a year ago. The company has grown its investment in research and development to improve its growth momentum.