Spotify Technology S.A. (NYSE:SPOT)

Stock Price: $150.31

+2.66 (1.8%)

Updated May 26, 2023 08:00 PM GMT+0000

Featured app

Invest now

77% of retail CFD accounts lose money.

Overview

Financials

Statistics

Profile

Chart

Market Cap	28.59B
Revenue	12.93B
Gross Profit	3.22B
Shares Out	190.20M
EPS (ttm)	-4.37
PE Ratio	-33.5250
Forward PE	0.0000
Dividend Rate (ttm)	0.0000
Dividend Yield	0.0000

Trading Day	May 26
Last Price	$150.31
Previous Close	$147.65
Change ($)	2.66
Change (%)	1.8%
Day's Open	148
Day's Range	146.82 - 151.01
Day's Volume	1.01M
52 Week Range	69.29 - 152.3

About Spotify

Spotify is the world's most popular audio streaming subscription service with a community of 345 million Monthly Active Users and 155 million Premium Subscribers. With a presence in 93 markets, and more than 70 million tracks including over 2 million podcast titles, it has transformed the way people access and enjoy music and podcasts.

NYSE:SPOT stock is currently trading at $150.31 as of 08:00 PM UTC, May 26, 2023. Use the financials tab to find out more about Spotify's key financial metrics and recent earnings reports, or track its share price in real time on the chart tab. If you would like to buy shares in Spotify, our detailed guide explains how to buy Spotify stock.

News

Spotify stock price forecast: Wells Fargo sees a 50% upside February 6, 2023

Is it worth buying Spotify shares after it announced layoffs? January 23, 2023

40+ Spotify statistics 2023: SPOT stock, revenue and performance December 2, 2022

Mark Mahaney wants you to be ‘long’ Spotify: find out why September 9, 2022

Is Spotify stock a ‘buy’ after the Q2 report this morning? July 27, 2022

Revuto’s Revulution NFTs are changing how you pay for Netflix and Spotify subscriptions July 8, 2022

Spotify vs Netflix: Mark Mahaney picks a side June 9, 2022

Spotify stock price could drop below $100 despite earnings jump April 27, 2022

Spotify sinks 20% on disappointing guidance for subscriber growth February 3, 2022

Spotify reports £110 million of net loss in the fiscal fourth quarter February 3, 2021

Quick info

Country

Industry

Software Publishers

Sector

Information

Employees

6,617

CEO

Daniel Ek

Address

42 44 Avenue De La Gare
Luxembourg
1610

Phone

46702204607

Website

www.spotify.com

Ticker Symbol

SPOT

Exchange

New York Stock Exchange

Reporting Currency

USD

Spotify Technology S.A. income statements (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Total Revenue	2.99B	2.99B	2.97B	2.74B
Cost of Revenue	2.26B	2.26B	2.22B	2.02B
Gross Profit	735.92M	735.92M	748.87M	724.68M
Research & Development	351.24M	351.24M	279.01M	257.18M
Selling General & Admin	587.48M	587.48M	476.55M	478.90M
Operating Expense	3.20B	3.20B	2.98B	2.76B
Operating Income	-202.8M	-202.8M	-6.7M	-11.41M
Other Income Expense Net	0	0	0	0
EBIT	-202.8M	-202.8M	-6.7M	-11.41M
Interest Income	3.14M	3.14M	7.81M	174.08K
Pretax Income	-94.08M	-94.08M	172.99M	-17.79M
Income Tax	36.59M	36.59M	26.79M	26.12M
Minority Interest	0	0	0	0
Net Income	-130.67M	-130.67M	146.20M	-43.91M
Net Income Basic	-130.67M	-130.67M	146.20M	-43.91M

Spotify Technology S.A. income statements (2021) (USD)

	October 2021	October 2021	July 2021	April 2021	February 2021
Total Revenue	2.90B	2.90B	2.77B	2.51B	3.21B
Cost of Revenue	2.13B	2.13B	1.98B	1.87B	2.36B
Gross Profit	775.41M	775.41M	788.95M	641.58M	844.29M
Research & Development	241.45M	241.45M	303.44M	229.47M	343.60M
Selling General & Admin	446.91M	446.91M	471.23M	395.72M	607.43M
Operating Expense	2.82B	2.82B	2.76B	2.50B	3.31B
Operating Income	87.06M	87.06M	14.28M	16.39M	-106.74M
Other Income Expense Net	0	0	0	0	0
EBIT	87.06M	87.06M	14.28M	16.39M	-106.74M
Interest Income	8.13M	8.13M	9.52M	8.20M	-329.29M
Pretax Income	188.05M	188.05M	9.52M	101.86M	-269.04M
Income Tax	185.73M	185.73M	33.32M	74.93M	-72.51M
Minority Interest	0	0	0	0	0
Net Income	2.32M	2.32M	-23.8M	26.93M	-196.53M
Net Income Basic	2.32M	2.32M	-23.8M	26.93M	-196.53M

Spotify Technology S.A. income statements (2020) (USD)

	September 2020	July 2020	June 2020	March 2020
Total Revenue	2.31B	2.12B	2.08B	2.04B
Cost of Revenue	1.74B	1.58B	1.55B	1.52B
Gross Profit	571.54M	538.32M	527.51M	515.58M
Research & Development	205.71M	300.07M	294.04M	174.06M
Selling General & Admin	412.59M	425.94M	417.38M	356.94M
Operating Expense	2.36B	2.31B	2.26B	2.05B
Operating Income	-46.75M	-187.68M	-183.91M	-15.42M
Other Income Expense Net	-88.83M	0	-317.17M	60.59M
EBIT	-46.75M	-187.68M	-183.91M	-15.42M
Interest Income	105.19M	323.67M	323.77M	13.22M
Pretax Income	-135.58M	-511.35M	-501.08M	45.17M
Income Tax	-17.53M	-111.26M	-109.03M	44.07M
Minority Interest	0	0	0	0
Net Income	-118.05M	-400.09M	-392.05M	1.10M
Net Income Basic	-118.05M	-400.09M	-392.05M	1.10M

Spotify Technology S.A. income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	2.05B	1.92B	1.87B	1.72B
Cost of Revenue	1.53B	1.44B	1.39B	1.30B
Gross Profit	520.36M	486.99M	484.29M	418.99M
Research & Development	187.11M	147.87M	166.30M	171.46M
Selling General & Admin	418.50M	279.07M	320.24M	296.36M
Operating Expense	2.14B	1.86B	1.88B	1.76B
Operating Income	-85.25M	60.04M	-2.25M	-48.82M
Other Income Expense Net	-106.29M	240.16M	-64.05M	-143.07M
EBIT	-85.25M	60.04M	-2.25M	-48.82M
Interest Income	11.07M	11.12M	13.48M	12.49M
Pretax Income	-191.54M	300.20M	-66.3M	-191.89M
Income Tax	39.86M	32.24M	19.10M	-30.66M
Minority Interest	0	0	0	0
Net Income	-231.39M	267.95M	-85.4M	-161.24M
Net Income Basic	-231.39M	267.95M	-85.4M	-161.24M

Spotify Technology S.A. income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	1.71B	1.57B	1.52B	1.40B
Cost of Revenue	1.26B	1.18B	1.13B	1.05B
Gross Profit	450.72M	394.30M	389.42M	345.35M
Research & Development	109.54M	153.53M	167.91M	138.88M
Selling General & Admin	233.92M	247.75M	328.68M	256.86M
Operating Expense	1.60B	1.58B	1.62B	1.45B
Operating Income	107.26M	-6.98M	-107.18M	-50.39M
Other Income Expense Net	441.59M	-88.4M	-359.64M	-170.83M
EBIT	107.26M	-6.98M	-107.18M	-50.39M
Interest Income	2.28M	2.33M	N.A	N.A
Pretax Income	548.85M	-95.38M	-466.82M	-221.22M
Income Tax	44.50M	-145.39M	2.38M	-13.52M
Minority Interest	0	0	0	0
Net Income	504.35M	50.01M	-469.2M	-207.7M
Net Income Basic	504.35M	50.01M	-469.2M	-207.7M

Spotify Technology S.A. income statements (2017) (USD)

	December 2017	September 2017	June 2017	March 2017
Total Revenue	1.35B	1.21B	1.11B	0.96B
Cost of Revenue	1.01B	0.91B	842.56M	808.95M
Gross Profit	340.25M	301.90M	266.53M	152.41M
Research & Development	144.81M	115.12M	104.63M	83.13M
Selling General & Admin	289.63M	240.81M	237.90M	174.79M
Operating Expense	1.45B	1.27B	1.19B	1.07B
Operating Income	-94.19M	-54.04M	-76M	-105.52M
Other Income Expense Net	-607.51M	-272.53M	-128.86M	-79.94M
EBIT	-94.19M	-54.04M	-76M	-105.52M
Interest Income	641.65M	257.26M	163M	1.07M
Pretax Income	-701.7M	-326.56M	-204.86M	-185.45M
Income Tax	N.A	N.A	1.10M	1.07M
Minority Interest	0	0	0	0
Net Income	-701.7M	-326.56M	-207.06M	-184.39M
Net Income Basic	-701.7M	-326.56M	-207.06M	-184.39M

Spotify Technology S.A. balance sheet (2023) (USD)

	April 2023
Current Cash	3.75B
Receivables	610.59M
Inventory	0
Current Assets	4.68B
Other Current Assets	321.65M
Short Term Investments	321.65M
Long Term Investments	3.53B
Property/Plant Equipment	360.90M
Good Will	N.A
Intangible Assets	125.39M
Tangible Assets (Net)	1.17B
Other Assets	532.08M
Total Assets	8.21B
Accounts Payable	645.48M
Other Current Liabilities	3.13B
Total Current Liabilities	3.77B
Total Liabilities	5.66B
Long Term Debt	1.86B
Current Long Term Debt	0
Minority Interest	0
Common Stock	193.56M
Treasury Stock	-285.67M
Retained Earnings	-4.23B
Capital Surplus	N.A
Shareholder Equity	2.55B
Other Liabilities	N.A

Spotify Technology S.A. balance sheet (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Current Cash	3.73B	3.73B	3.95B	3.96B
Receivables	644.98M	644.98M	626.10M	708.06M
Inventory	0	0	0	0
Current Assets	4.73B	4.73B	4.87B	4.95B
Other Current Assets	352.28M	352.28M	301.33M	278.25M
Short Term Investments	352.28M	352.28M	301.33M	278.25M
Long Term Investments	3B	3B	2.98B	3.16B
Property/Plant Equipment	389.91M	389.91M	411.82M	420.76M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	131.71M	131.71M	121.65M	100.67M
Tangible Assets (Net)	1.11B	1.11B	1.18B	1.28B
Other Assets	547.76M	547.76M	580.35M	580.24M
Total Assets	7.72B	7.72B	7.86B	8.11B
Accounts Payable	604.21M	604.21M	501.11M	604M
Other Current Liabilities	2.88B	2.88B	2.98B	3.04B
Total Current Liabilities	3.49B	3.49B	3.49B	3.65B
Total Liabilities	5.32B	5.32B	5.46B	5.71B
Long Term Debt	1.80B	1.80B	1.93B	2.01B
Current Long Term Debt	0	0	0	0
Minority Interest	0	0	0	0
Common Stock	192.95M	192.95M	192.48M	191.30M
Treasury Stock	-273.88M	-273.88M	-292.4M	-294.08M
Retained Earnings	-3.36B	-3.36B	-3.45B	-3.64B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	2.41B	2.41B	2.40B	2.40B
Other Liabilities	N.A	N.A	N.A	N.A

Spotify Technology S.A. balance sheet (2021) (USD)

	October 2021	October 2021	July 2021	April 2021	February 2021
Current Cash	3.76B	3.76B	3.63B	3.61B	2.15B
Receivables	668.62M	668.62M	592.61M	520.99M	575.16M
Inventory	0	0	0	0	0
Current Assets	4.69B	4.69B	4.46B	4.35B	2.91B
Other Current Assets	260.02M	260.02M	239.18M	217.76M	185.58M
Short Term Investments	260.02M	260.02M	239.18M	217.76M	185.58M
Long Term Investments	3.43B	3.43B	4.44B	5.06B	4.87B
Property/Plant Equipment	428.33M	428.33M	417.68M	394.55M	384.67M
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	105.63M	105.63M	113.05M	114.74M	119.21M
Tangible Assets (Net)	1.34B	1.34B	2.09B	2.73B	2.42B
Other Assets	545.57M	602.45M	616.41M	624.02M	640.30M
Total Assets	8.11B	8.11B	8.90B	9.41B	7.77B
Accounts Payable	898.46M	898.46M	577.14M	515.14M	533.38M
Other Current Liabilities	2.67B	2.67B	2.96B	2.92B	3.03B
Total Current Liabilities	3.57B	3.57B	3.53B	3.44B	3.56B
Total Liabilities	5.66B	5.66B	5.69B	5.61B	4.33B
Long Term Debt	2.04B	2.04B	2.11B	2.13B	709.12M
Current Long Term Debt	0	0	0	0	0
Minority Interest	0	0	0	0	0
Common Stock	191.49M	191.49M	191.17M	190.57M	187.58M
Treasury Stock	-233.32M	-233.32M	-203.49M	-200.2M	-215.07M
Retained Earnings	-3.81B	-3.81B	-3.91B	-3.82B	-4.04B
Capital Surplus	N.A	N.A	N.A	N.A	N.A
Shareholder Equity	2.46B	2.46B	3.21B	3.80B	3.45B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Spotify Technology S.A. balance sheet (2020) (USD)

	September 2020	July 2020	June 2020	March 2020
Current Cash	1.39B	2B	1.29B	1.04B
Receivables	459.68M	410.20M	405.46M	294.06M
Inventory	N.A	0	N.A	N.A
Current Assets	2.86B	2.54B	2.54B	2.35B
Other Current Assets	166.52M	129.24M	129.16M	102.04M
Short Term Investments	843.14M	129.24M	714.32M	804.28M
Long Term Investments	2.12B	3.67B	1.94B	1.50B
Property/Plant Equipment	888.87M	322.54M	856.96M	858.05M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	96.16M	96.65M	96.59M	95.46M
Tangible Assets (Net)	2.19B	1.60B	1.69B	694.56M
Other Assets	77.39M	609.13M	74.13M	15.36M
Total Assets	6.76B	6.22B	6.22B	5.51B
Accounts Payable	721.18M	623.74M	623.35M	413.66M
Other Current Liabilities	2.40B	2.48B	2.47B	2.14B
Total Current Liabilities	3.12B	3.10B	3.10B	2.57B
Total Liabilities	3.87B	3.83B	3.83B	3.31B
Long Term Debt	694.21M	687.80M	687.37M	684.68M
Current Long Term Debt	N.A	0	N.A	N.A
Minority Interest	0	0	0	0
Common Stock	N.A	4.69B	N.A	185.95M
Treasury Stock	205.21M	-196.67M	196.55M	197.51M
Retained Earnings	-3.71B	-3.44B	-3.44B	-2.97B
Capital Surplus	5.32B	N.A	4.69B	4.48B
Shareholder Equity	2.89B	2.39B	2.38B	2.21B
Other Liabilities	N.A	N.A	N.A	N.A

Spotify Technology S.A. balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	1.20B	0.96B	1.04B	1.08B
Receivables	333.38M	312.89M	329.11M	289.70M
Inventory	N.A	N.A	N.A	N.A
Current Assets	2.50B	2.16B	2.27B	2.33B
Other Current Assets	76.33M	79.58M	75.16M	58.39M
Short Term Investments	776.77M	697.73M	667.34M	741.08M
Long Term Investments	1.68B	1.89B	2.21B	2.65B
Property/Plant Equipment	875.55M	824.19M	729.97M	746.70M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	65.11M	63.23M	62.63M	60.63M
Tangible Assets (Net)	1.11B	0.95B	1.07B	1.73B
Other Assets	77.45M	14.17M	13.67M	14.60M
Total Assets	5.75B	5.49B	5.82B	6.28B
Accounts Payable	423.18M	383.75M	327.97M	286.33M
Other Current Liabilities	2.30B	2.29B	2.63B	2.49B
Total Current Liabilities	2.74B	2.68B	3B	2.81B
Total Liabilities	3.46B	3.37B	3.61B	3.52B
Long Term Debt	698.20M	673.74M	588.76M	623.18M
Current Long Term Debt	N.A	N.A	34.16M	34.81M
Minority Interest	0	0	0	0
Common Stock	184.33M	179.25M	179.74M	180.67M
Treasury Stock	415.33M	538.56M	415.66M	222.32M
Retained Earnings	-3.04B	-2.73B	-3.12B	-2.99B
Capital Surplus	4.71B	4.23B	4.39B	4.31B
Shareholder Equity	2.29B	2.12B	2.21B	2.76B
Other Liabilities	N.A	N.A	N.A	N.A

Spotify Technology S.A. balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	667.60M	1.27B	0.95B	0.90B
Receivables	312.08M	304.31M	273.21M	285.33M
Inventory	N.A	N.A	N.A	N.A
Current Assets	2.57B	2.51B	2.40B	2.38B
Other Current Assets	43.44M	40.65M	44.37M	47.96M
Short Term Investments	1.40B	777.04M	1.03B	1.04B
Long Term Investments	1.88B	1.91B	1.19B	1.25B
Property/Plant Equipment	225.20M	156.80M	96.91M	83.63M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	32.01M	32.52M	36.19M	34.44M
Tangible Assets (Net)	2.01B	1.46B	779.92M	-175.87M
Other Assets	74.30M	12.78M	14.01M	12.30M
Total Assets	4.96B	4.80B	3.92B	3.94B
Accounts Payable	337.23M	305.47M	300.06M	313.61M
Other Current Liabilities	1.98B	2.54B	2.36B	2.08B
Total Current Liabilities	2.45B	2.85B	2.66B	2.40B
Total Liabilities	2.56B	2.95B	2.76B	3.74B
Long Term Debt	N.A	N.A	N.A	1.26B
Current Long Term Debt	N.A	N.A	N.A	N.A
Minority Interest	0	0	0	0
Common Stock	180.86M	178.39M	179.78M	178.15M
Treasury Stock	88.02M	N.A	N.A	N.A
Retained Earnings	-2.86B	-3.42B	-3.49B	-3.19B
Capital Surplus	4.35B	4.39B	4.36B	3.11B
Shareholder Equity	2.39B	1.85B	1.17B	198.01M
Other Liabilities	N.A	N.A	N.A	N.A

Spotify Technology S.A. balance sheet (2017) (USD)

	December 2017	June 2017
Current Cash	572.78M	N.A
Receivables	326.62M	N.A
Inventory	N.A	N.A
Current Assets	2.28B	N.A
Other Current Assets	34.82M	N.A
Short Term Investments	1.24B	N.A
Long Term Investments	1.14B	N.A
Property/Plant Equipment	87.66M	N.A
Good Will	N.A	N.A
Intangible Assets	32.42M	N.A
Tangible Assets (Net)	-80.45M	N.A
Other Assets	14.41M	N.A
Total Assets	3.73B	N.A
Accounts Payable	290.59M	N.A
Other Current Liabilities	1.93B	N.A
Total Current Liabilities	2.23B	N.A
Total Liabilities	3.45B	N.A
Long Term Debt	1.13B	N.A
Current Long Term Debt	N.A	N.A
Minority Interest	0	0
Common Stock	183.85M	183.85M
Treasury Stock	N.A	N.A
Retained Earnings	-2.91B	N.A
Capital Surplus	2.99B	N.A
Shareholder Equity	285.79M	N.A
Other Liabilities	N.A	N.A

Spotify Technology S.A. cash flow (2023) (USD)

	April 2023	February 2023
Net Income	-245.32M	-314.1M
Depreciation	47.97M	64.85M
Changes in Receivables	610.59M	745.49M
Changes in Inventories	0	0
Cash Change	3.75B	3.59B
Cash Flow	64.33M	-64.33M
Capital Expenditures	-2.18M	-7.22M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-133.02M	-138.19M
Dividends Paid	N.A	N.A
Net Borrowings	-2.21B	-2.12B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	53.43M	-24.29M
Exchange Rate Effect	N.A	N.A

Spotify Technology S.A. cash flow (2022) (USD)

	October 2022	July 2022
Net Income	-162.67M	-130.67M
Depreciation	38.08M	39.20M
Changes in Receivables	636.97M	644.98M
Changes in Inventories	0	0
Cash Change	3.59B	3.73B
Cash Flow	34.23M	38.15M
Capital Expenditures	-3.92M	-4.52M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-92.88M	-48.55M
Dividends Paid	N.A	N.A
Net Borrowings	-2.16B	-2.29B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	-20.71M	-22.46M
Exchange Rate Effect	N.A	N.A

Spotify Technology S.A. cash flow (2021) (USD)

	October 2021
Net Income	2.32M
Depreciation	36.53M
Changes in Receivables	668.62M
Changes in Inventories	0
Cash Change	3.76B
Cash Flow	139.31M
Capital Expenditures	-27.74M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-135.99M
Dividends Paid	N.A
Net Borrowings	-1.98B
Other Financing Cash Flows	N.A
Cash Flow Financing	-14.59M
Exchange Rate Effect	N.A

Spotify Technology S.A. cash flow (2020) (USD)

	September 2020	July 2020	June 2020	March 2020
Net Income	-118.05M	-400.09M	-392.05M	1.10M
Depreciation	38.13M	25.85M	30.85M	28.64M
Changes in Receivables	-54.22M	7.01M	-111.39M	39.32M
Changes in Inventories	N.A	0	N.A	N.A
Cash Change	47.85M	149.80M	217.03M	-125.59M
Cash Flow	155.67M	43.83M	42.97M	-2.2M
Capital Expenditures	-22.55M	-15.73M	-15.42M	-13.22M
Investments	-124.03M	N.A	109.07M	-23.14M
Investing Activity (other)	-10.2M	N.A	-7.71M	-15.42M
Total Investing Cash Flows	-168.94M	87.66M	85.93M	-202.71M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	N.A	-1.45B	N.A	N.A
Other Financing Cash Flows	-13.81M	N.A	-5.51M	-3.31M
Cash Flow Financing	108.25M	101.15M	99.16M	77.12M
Exchange Rate Effect	-47.14M	N.A	-11.02M	2.20M

Spotify Technology S.A. cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	-231.39M	267.95M	-85.4M	-161.24M
Depreciation	26.53M	23.61M	21.80M	23.84M
Changes in Receivables	-20.5M	16.23M	-39.42M	22.38M
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	206.96M	-35.43M	-65.12M	85.16M
Cash Flow	207.65M	90.32M	95.57M	237.31M
Capital Expenditures	-37.88M	-27.49M	-43.71M	-42.01M
Investments	-74.29M	-26.94M	73.95M	317.93M
Investing Activity (other)	-5.52M	-4.3M	-3.25M	-4.54M
Total Investing Cash Flows	-115.8M	-61.87M	-6.71M	-55.64M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	16.79M	N.A	N.A	N.A
Other Financing Cash Flows	-2.21M	-4.4M	N.A	N.A
Cash Flow Financing	135.95M	-93.36M	-154.8M	-111.28M
Exchange Rate Effect	-20.85M	29.48M	825.20K	14.76M

Spotify Technology S.A. cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	504.35M	50.01M	-469.2M	-207.7M
Depreciation	8.91M	7.51M	6.38M	13.52M
Changes in Receivables	-7.77M	-31.11M	12.12M	41.29M
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-235.89M	315.99M	75.12M	314.63M
Cash Flow	168.86M	88.11M	30.19M	103.24M
Capital Expenditures	-78.95M	-55.64M	-5.5M	-9.83M
Investments	-269.4M	254.81M	-9.08M	190.50M
Investing Activity (other)	311.71K	-24.5M	-14.69M	-11.06M
Total Investing Cash Flows	-342.43M	174.67M	-28.04M	170.83M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	N.A	N.A	N.A	N.A
Other Financing Cash Flows	4.56M	-1.09M	-2.34M	N.A
Cash Flow Financing	-63.46M	53.17M	61.85M	52.85M
Exchange Rate Effect	1.14M	28.44K	11.12M	-12.29M

Spotify Technology S.A. cash flow (2017) (USD)

	December 2017	June 2017	March 2017
Net Income	-701.7M	-207.06M	-184.39M
Depreciation	N.A	N.A	14.92M
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	N.A	N.A	-21.32M
Cash Flow	N.A	N.A	99.12M
Capital Expenditures	N.A	N.A	-3.2M
Investments	N.A	N.A	-105.52M
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	N.A	N.A	-133.23M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	-4.51M	1.07M	-1.07M
Other Financing Cash Flows	N.A	N.A	N.A
Cash Flow Financing	-4.51M	1.07M	17.05M
Exchange Rate Effect	N.A	N.A	-4.26M