Spotify's quarterly revenue 2016-2023, by segment
Spotify's global revenue in the fourth quarter of 2023 was mostly derived from the premium business, which amounted to 3.17 billion euros in that period. The drop in ad-supported revenue at the start of 2020 was attributed by the company to the negative impact of the COVID-19 pandemic. However, ad-supported revenue started to increase again in Q4 2020, and reached 501 million euros in the fourth quarter of 2023.