Spotify Technology S.A. 6-K Filing

Filing Documents

• spot-20250930x6xk.htm (6-K) — 1325KB
• full_logoxgreenxpmsxc.jpg (GRAPHIC) — 58KB
• 0001628280-25-048927.txt ( ) — 1405KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 1 Interim condensed consolidated statement of operations 1 Interim condensed consolidated statement of comprehensive income 2 Interim condensed consolidated statement of financial position 3 Interim condensed consolidated statement of changes in equity 4 Interim condensed consolidated statement of cash flows 6 Notes to the interim condensed consolidated financial statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 40

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 43

Risk Factors

Item 1A. Risk Factors 43

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 43

Other Information

Item 5. Other Information 43

Signatures

Signatures 44 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Interim condensed consolidated statement of operations (Unaudited) (in millions, except share and per share data) Three months ended September 30, Nine months ended September 30, Note 2025 2024 2025 2024 Revenue 20 4,272 3,988 12,655 11,431 Cost of revenue 2,921 2,748 8,658 8,075 Gross profit 1,351 1,240 3,997 3,356 Research and development 309 342 1,103 1,110 Sales and marketing 349 332 1,027 999 General and administrative 111 112 370 359 769 786 2,500 2,468 Operating income 582 454 1,497 888 Finance income 4 262 66 422 201 Finance costs 4 (17) (122) (716) (247) Finance income(cost) - net 245 (56) (294) (46) Income before tax 827 398 1,203 842 Income tax (benefit)expense 5 (72) 98 165 71 Net income attributable to owners of the parent 899 300 1,038 771 Earnings per share attributable to owners of the parent Basic 6 4.36 1.49 5.06 3.86 Diluted 6 3.28 1.45 4.93 3.74 Weighted-average ordinary shares outstanding Basic 6 205,964,504 201,575,568 205,291,958 199,855,305 Diluted 6 213,789,735 207,399,501 210,636,414 206,034,643 The accompanying notes are an integral part of the interim condensed consolidated financial statements. -1- Table of Contents Interim condensed consolidated statement of comprehensive income (Unaudited) (in millions) Three months ended September 30, Nine months ended September 30, Note 2025 2024 2025 2024 Net income attributable to owners of the parent 899 300 1,038 771 Other comprehensive income(loss) Items that may be subsequently reclassified to interim condensed consolidated statement of operations (net of tax) Net gains on short term investments 13, 19 1 8 8 7 Net (losses)gains on cash flow hedging instruments 13, 19 (3) (1) 13 (3) Change in foreign currency translation adjustment (1) (42) (215) (14) Items not to be subsequently reclassified to interim condensed consolidated statement of operations (net of tax) Gains(losses) in the fair value of long term investments