Spotify Annual Global Revenue

Spotify Annual Global Revenue

Proof Point

Leaked financials reveal Spotify’s losses continue to grow despite increases in revenue reaching $3.09 billion in 2016, with losses amounting to $430 million

Spotify Annual Global Revenue

2011 – 2016 (US$ billions)

Note: Figures converted to US$ using year’s average Euro to Dollar Exchange Rate

Proof Point Findings

  • Increasing Revenues – Spotify revenue increased from $250 million in 2011 to $3.09 billion in 2016, growing annually by 65.4%
  • Unprofitable Operations – Despite revenue increase, Spotify continues to operate with increasing losses, reaching $430 million in 2016, raising questions about company’s ability to generate profit in future as it moves toward potential IPO
  • Key Drivers – Include increasing paid subscriptions, growing consumer interest in on-demand music streaming services, Spotify’s continuous market expansion, successful collaborations with Internet service providers and wireless companies, and increasing royalty costs


Market Disruption


Media and Entertainment, Technology and Communications


Date Last Updated

June 27, 2017

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