Spotify's global revenue in the fourth quarter of 2023 was mostly derived from the premium business, which amounted to 3.17 billion euros in that period. The drop in ad-supported revenue at the start of 2020 was attributed by the company to the negative impact of the COVID-19 pandemic. However, ad-supported revenue started to increase again in Q4 2020, and reached 501 million euros in the fourth quarter of 2023.
Revenue of Spotify worldwide from 1st quarter 2016 to 4th quarter 2023, by segment
(in million euros)
Characteristic
Premium
Ad-Supported
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Spotify. (February 6, 2024). Revenue of Spotify worldwide from 1st quarter 2016 to 4th quarter 2023, by segment (in million euros) [Graph]. In Statista. Retrieved July 13, 2024, from https://www.statista.com/statistics/813835/spotify-revenue-quarterly-by-segment/
Spotify. "Revenue of Spotify worldwide from 1st quarter 2016 to 4th quarter 2023, by segment (in million euros)." Chart. February 6, 2024. Statista. Accessed July 13, 2024. https://www.statista.com/statistics/813835/spotify-revenue-quarterly-by-segment/
Spotify. (2024). Revenue of Spotify worldwide from 1st quarter 2016 to 4th quarter 2023, by segment (in million euros). Statista. Statista Inc.. Accessed: July 13, 2024. https://www.statista.com/statistics/813835/spotify-revenue-quarterly-by-segment/
Spotify. "Revenue of Spotify Worldwide from 1st Quarter 2016 to 4th Quarter 2023, by Segment (in Million Euros)." Statista, Statista Inc., 6 Feb 2024, https://www.statista.com/statistics/813835/spotify-revenue-quarterly-by-segment/
Spotify, Revenue of Spotify worldwide from 1st quarter 2016 to 4th quarter 2023, by segment (in million euros) Statista, https://www.statista.com/statistics/813835/spotify-revenue-quarterly-by-segment/ (last visited July 13, 2024)
Revenue of Spotify worldwide from 1st quarter 2016 to 4th quarter 2023, by segment (in million euros) [Graph], Spotify, February 6, 2024. [Online]. Available: https://www.statista.com/statistics/813835/spotify-revenue-quarterly-by-segment/