The chart above shows the net loss of Spotify, the leading online music streaming platform with a global audience of more than 489 million monthly active users. While the Canada based company has experienced impressive growth in its user base and net revenue, it has not generated a positive net income yet. Its net losses were minimum in 2021 at 34 million Euros and then increased again in 2022 to 430 million.
Spotify Net Loss 2014-2022
The following table shows the net loss of Spotify technology S.A., the parent company of Spotify. The amounts are in millions of Euros.
| Year | Net Income/Loss (€ million) |
| 2022 | € (430) |
| 2021 | € (34) |
| 2020 | € (581) |
| 2019 | € (186) |
| 2018 | € (78) |
| 2017 | € (1,235) |
| 2016 | € (539) |
| 2015 | € (230) |
| 2014 | € (188) |
Spotify is the world’s largest online music streaming network with a strong global presence. As of the end of 2021, the company offered its services across 184 countries and territories compared to 93 in 2020. Its user base has also expanded sharply in 2021 compared to previous year.
At the end of 2021, the number of monthly active users of Spotify was 406 million compared to 345 million at the end of the prior year. The number of premium subscribers of Spotify at the end of 2021 was 188 million compared to 155 million at the end of 2020. Spotify MAUs increased by 18% in 2021 compared to 2020.
The company has also experienced sharp improvement in its financial performance in 2021 compared to the prior year. Its net revenues increased 23%, rising to € 9.7 billion in 2021 compared to € 7.9 billion in 2020. The net loss of the company also declined sharply in 2021 and remained the lowest in its history. In 2021, the net loss of the company was €34 million compared to €581 million in 2020. At this rate, the company might start generating a positive net income soon.
Spotify generates its revenue from both premium and non premium subscribers. The non premium subscribers use its ad supported services and have less privileges compared to the premium subscribers. The premium subscribers are the largest source of revenue for the company and Spotify invests in advertising to convert non-premium/ad supported users into premium subscribers.