Spotify Reports Q1 2025 Results

TL;DR

Spotify dropped its Q1 2025 update on 4/29 - check investor.spotify.com for details.

AI Summary

On April 29, 2025, Spotify Technology S.A. released its Q1 2025 Update, detailing its financial and operational results for the quarter ended March 31, 2025. This update was posted on their investor website and furnished as an exhibit to their Form 6-K filing.

Why It Matters

This filing provides investors with Spotify's latest performance metrics, offering insights into user growth, revenue, and profitability for the first quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine earnings report filing, providing information already disseminated to the public.

Key Players & Entities

• Spotify Technology S.A. (company) — Registrant
• April 29, 2025 (date) — Date of report release
• March 31, 2025 (date) — End of reporting quarter
• Q1 2025 Update (document) — Reported financial results

FAQ

From the Filing

0001140361-25-016186.txt : 20250429 0001140361-25-016186.hdr.sgml : 20250429 20250429063823 ACCESSION NUMBER: 0001140361-25-016186 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 36 CONFORMED PERIOD OF REPORT: 20250429 FILED AS OF DATE: 20250429 DATE AS OF CHANGE: 20250429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Spotify Technology S.A. CENTRAL INDEX KEY: 0001639920 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] ORGANIZATION NAME: 06 Technology EIN: 000000000 STATE OF INCORPORATION: N4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38438 FILM NUMBER: 25882550 BUSINESS ADDRESS: STREET 1: 33 BOULEVARD PRINCE HENRI CITY: LUXEMBOURG STATE: N4 ZIP: L-1724 BUSINESS PHONE: 46 (70) 220-4607 MAIL ADDRESS: STREET 1: 33 BOULEVARD PRINCE HENRI CITY: LUXEMBOURG STATE: N4 ZIP: L-1724 6-K 1 ef20047937_6k.htm 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K   REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934   For the month of April, 2025   Commission File Number: 001-38438   Spotify Technology S.A. (Translation of registrant’s name into English) 33 Boulevard Prince Henri L-1724 Luxembourg Grand Duchy of Luxembourg (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.   Form 20-F ☒ Form 40-F ☐ INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K Letter to Shareholders On April 29, 2025, Spotify Technology S.A. released its results for the quarter ended March 31, 2025 by posting its Q1 2025 Update (“Update”) on its website at investors.spotify.com. A copy of the Update is furnished herewith as Exhibit 99.1 to this Report on Form 6-K. EXHIBIT INDEX Exhibit No.     Description       99.1   Q1 2025 Update dated April 29, 2025 SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Spotify Technology S.A.       Date: April 29, 2025 By: /s/ Christian Luiga   Name: Christian Luiga   Title: Chief Financial Officer EX-99.1 2 ef20047937_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1  Q1 2025 Update  April 29th, 2025     Table of Contents  Key Highlights  Financial Summary  MAUs & Subscribers  Product & Platform  Outlook  Financial Statements  Executive Summary  p.03  p.04  p.06  p.13  p.16  p.19  p.22     Executive Summary  USER & FINANCIAL SUMMARY  Q1 2024  Q4 2024  Q1 2025  Y/Y  Q/Q  USERS (M)  Total Monthly Active Users ("MAUs")  615  675  678  10%  0%  Premium Subscribers  239  263  268  12%  2%  Ad-Supported MAUs  388  425  423  9%  0%  FINANCIALS (€M)  Premium  3,247  3,705  3,771  16%  2%  Ad-Supported  389  537  419  8%  -22%  Total Revenue  3,636  4,242  4,190  15%  -1%  Gross Profit  1,004  1,368  1,326  32%  -3%  Gross Margin  27.6%  32.2%  31.6%  --  --  Operating Income  168  477  509  203%  7%  Operating Margin&#16