In 2021, Spotify suffered a net loss of 39 million. Whilst the company has been operating at a loss since its inception, the 2021 figure is a decrease in net loss from those reported between 2019 and 2020.
Spotify is one of the most leading online streaming services worldwide. As of November 2018, the platform, which is headquartered in Stockholm and London, had 87 million paying users and in 2018 had approximately 207 million monthly active listeners. 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. With digital streaming music revenue in the United States surpassing 5.6 billion U.S. dollars in 2017, Spotify is strongly positioned to take advantage of the expanding North American streaming market.
Spotify's net income/loss from 2009 to 2021
(in million euros)
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Spotify. (February 2, 2022). Spotify's net income/loss from 2009 to 2021 (in million euros) [Graph]. In Statista. Retrieved January 29, 2023, from https://www.statista.com/statistics/244990/spotifys-revenue-and-net-income/
Spotify. "Spotify's net income/loss from 2009 to 2021 (in million euros)." Chart. February 2, 2022. Statista. Accessed January 29, 2023. https://www.statista.com/statistics/244990/spotifys-revenue-and-net-income/
Spotify. (2022). Spotify's net income/loss from 2009 to 2021 (in million euros). Statista. Statista Inc.. Accessed: January 29, 2023. https://www.statista.com/statistics/244990/spotifys-revenue-and-net-income/
Spotify. "Spotify's Net Income/Loss from 2009 to 2021 (in Million Euros)." Statista, Statista Inc., 2 Feb 2022, https://www.statista.com/statistics/244990/spotifys-revenue-and-net-income/
Spotify, Spotify's net income/loss from 2009 to 2021 (in million euros) Statista, https://www.statista.com/statistics/244990/spotifys-revenue-and-net-income/ (last visited January 29, 2023)
Spotify's net income/loss from 2009 to 2021 (in million euros) [Graph], Spotify, February 2, 2022. [Online]. Available: https://www.statista.com/statistics/244990/spotifys-revenue-and-net-income/