How did Spotify's revenue costs change over 2022-2024

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How did Spotify's revenue costs change over 2022-2024?

3/29/2025 12:33am

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Spotify's revenue costs increased from $2.21 billion in Q1 2022 to $2.97 billion in Q4 2024, with a peak at $3.47 billion in Q2 2023, before slightly decreasing to $2.89 billion in Q4 2024¹:

Source:

1. SPOT Revenue (Quarterly) and Cost (Quarterly) over 2022-2024