Spotify Technology S.A. (SPOT) 📈: отчетность и дивиденды за 2025

Reports

IFRS

Reporting Annual

	2018	2019	2021	2022	2023
Финансовый отчет	link	link	link	link	link

Capitalization

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	LTM	5 year average	CAGR 5
Капитализация, млрд €		0	0	30.68	25.29	40.65	50.4	22.72	29.9	25.67
Выручка, млрд €	1.94	2.95	4.09	5.26	6.76	7.88	9.67	11.73	13.25	13.25
Чистая прибыль, млрд €	-0.23	-0.539	-1.24	-0.078	-0.186	-0.581	-0.034	-0.43	-0.532	-0.532
EV, млрд €		-0.001	-1 508 000	18.5	26.52	52.52	50.74	13.5	32.11	32.11
EBIT, млрд €	-0.233	-0.5929	-0.8767	0.41	0.2023	-0.1914	0.3349	-0.4519	-0.456	-0.3008
EBITDA, млрд €	-0.203	-0.553	-0.826	0.443	0.289	-0.088	0.467	-0.284	-0.298	-0.146
Баланс стоимость, млрд €	0.229	-0.24	1.18	2.09	2.04	2.81	2.12	2.4	2.52	2.52
FCF, млрд €	-0.087	0.074	0.133	0.219	0.438	0.181	0.276	0.021	0.674	0.674
Операционный денежный поток, млрд €	-0.038	0.101	0.179	0.344	0.573	0.259	0.361	0.046	0.68	0.68
Операционная прибыль, млрд €	-0.235	-0.349	-0.378	-0.043	0.202	-0.293	0.34	-0.659	-0.446	-0.446
Операционные расходы, млрд €	0.461	0.75	1.23	1.4	1.8	2.31	2.5	3.59	3.84	3.84
CAPEX, млрд €	0.049	0.027	0.046	0.125	0.135	0.078	0.085	0.025	0.006	0.006

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
Капитализация, млрд €	45.86	48.07	33.63	22.09	20.97	15.59	22.16	28.17	30.16	35.58
Выручка, млрд €				2.86	3.04	3.17	3.04	3.47	3.36	3.64	3.64	3.54	3.99
Чистая прибыль, млрд €				-0.125	-0.166	-0.27	-0.225	-0.3296	0.065	0.197	0.197	0.2551	0.3
EV, млрд €				18.97	18.84	14.53	23.93	26.33	28.18	33.4	47.7	58.23	65.58
EBIT, млрд €				-0.1506	-0.1922	-0.3397	-0.1286	-0.1312	0.081	0.1828	0.227	0.2476	0.407
EBITDA, млрд €				-0.11	-0.147	-0.292	-0.085	-0.0873	0.118	0.214	0.258	0.2634	0.437
Баланс стоимость, млрд €				2.3	2.23	2.4	2.34	-4.56	2.14	3.31	3.31	4.26	4.63
FCF, млрд €				0.034	0.035	-0.075	0.057	0.011	0.21	0.206	0.206	0.502	0.711
Операционный денежный поток, млрд €				0.039	0.04	-0.07	0.059	0.013	0.211	0.211	0.211	0.492	0.715
Операционная прибыль, млрд €				-0.194	-0.228	-0.231	-0.156	-0.1124	0.032	0.168	0.168	0.2476	0.454
Операционные расходы, млрд €				0.898	0.978	1.03	0.922	1.06	0.853	0.836	0.836	0.7875	0.786
CAPEX, млрд €				0.005	0.005	0.005	0.002	0.002	0.001	0.005	0.005	0.0019	0.004

	5 quarters average	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	LTM	5 year average	CAGR 5
Наличность, млрд €	0.597	0.755	0.477	0.891	1.07	1.15	2.74	2.48	3.11	3.11
Short Term Investments €		0.83	1.03	0.915	0.692	0.596	0.756	0.867	1.1	1.1
Long term investments €	0.0011		0.911	1.65	1.5	2.28	0.916	1.14	1.22
Total Receivables €	0.247	0.306	0.36	0.402	0.406	0.468	0.626	0.502	0.602	0.878
Total Current Assets €	0.871	1.91	1.9	2.25	2.23	2.37	4.37	4.35	5.26	5.26
Чистые активы, млрд €	0.081	0.085	0.073	0.197	0.78	0.757	0.809	0.765	4.69	0.8135
Активы, млрд €	1.05	2.1	3.11	4.34	5.12	6.33	7.17	7.64	8.35	8.35
Short Term Debt €	0.505	0.005	0.001	0.123	1.46	1.78	1.89		2.76	2.76
Long Term Debt €	0.005	1.11	0.944		0.6852	0.6356	1.2	1.68	1.2	1.2
Задолженность, млрд €	0.822	2.34	1.93	2.24	3.09	3.52	5.05	5.24	5.82	5.82
Чистый долг, млрд €	-0.586	0.357	-0.476	-0.891	-0.443	-0.574	-0.963	-0.8	-1.42	-1.42
Долг, млрд €	0.51	1.11	0.945	0	0.6798	0.6307	3.09	1.68	1.7	3.97
Interest income €	0.011	0.005	0.019	0.025	0.031	0.094	0.246	0.047	0.131
Расходы на обслуживание долга €	0.001	0.005	0.004	0.584	0.333	0.51	0.091	0.058	0.038	0.049
Чист. проц. доходы, млрд €			0.017	0.03	-0.011	-0.416	0.155	0.002	0.093	0.1467
Goodwill €	0.065	0.073	0.135	0.146	0.478	0.736	0.894	1.17	1.14
Амортизация, млрд €	0.03	0.0399	0.0507	0.033	0.0867	0.1034	0.1321	0.1679	0.158	0.1548
Себестоимость, млрд €	1.71	2.55	3.24	3.91	5.04	5.87	7.08	8.8	9.85	9.85
Товарно материальные запасы €								0.12	0.276	0.009

	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
Наличность, млрд €							2.79	2.85	2.48	2.44	2.78	2.62	3.45	3.45	4.05	4.69
Short Term Investments €							0.782	0.815	0.867	0.995	0.9177	1.1	1.22	1.22	1.34	1.39
Long term investments €				1.09	0.916	0.682	0.72	0.63	1.14	1.13	1.02	0.903	1.22
Total Receivables €							0.617	0.65	0.695	0.56	0.64	0.755	0.798	0.798	0.788	0.776
Total Current Assets €							4.52	4.66	4.35	4.29	4.72	4.7	5.64	5.64	6.34	7
Чистые активы, млрд €			0.792	0.812	0.809	0.812	0.818	0.835	0.765	0.744	0.624	0.618
Активы, млрд €							7.39	7.63	7.64	7.53	7.31	7.59	9.08	9.08	10.15	10.55
Short Term Debt €	1.78	1.94	1.94	2	1.89						0.536	2.41	2.26	2.26	0.017
Long Term Debt €						1.15	1.13	1.2	1.13	1.16	1.69	1.73	1.2	1.27	1.32
Задолженность, млрд €							5.09	5.4	5.24	5.19	5.74	5.45	5.77	5.77	5.89	5.92
Чистый долг, млрд €							-1.07	-1.05	-0.8	-0.741	-1.08	-0.889	-1.69	-1.69	-2.26	-2.9
Долг, млрд €							1.88	1.97	1.84	1.84	2.23	4.14	1.76	1.76	1.8	1.79
Interest income €				0.003	0.02	0.003	0.007	0.015	0.022	0.027	0.006	0.041	0.041
Расходы на обслуживание долга €							0.01	0.011	0.027	0.077	0.01	0.009	0.053	0.053	0.067	0.006
Чист. проц. доходы, млрд €					-0.001	-0.001	-0.007	-0.002	-0.123	-0.05	0.02	0.027	0.033	0.0661
Goodwill €				0.869	0.894	0.978	1.11	1.26	1.17	1.16	1.25	1.18	1.16
Амортизация, млрд €							0.0406	0.0452	0.0477	0.0436	0.0439	0.037	0.0312	0.031	0.0158	0.03
Себестоимость, млрд €							2.16	2.29	2.37	2.28	2.57	2.47	2.63	2.63	2.53	2.75
Товарно материальные запасы €			0.08	0.076		0.103	0.154	0.155	0.12		0.1346	0.012	0.009		0.243

	5 quarters average	CAGR 5

Share

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	-1.37	-3.21	-8.1	-0.66	-1.99	-3.35	-1.06	-2.2	-2.73			-2.73
Цена акции ао				113.5	149.55	314.66	234.03	78.95	187.91	447.38	588.57	588.57
Число акций ао, млн	168	149.8	178.11	190.51	182.94	189.85	192.14	195.85	194.73			194.73
FCF/акцию	-0.5179	0.494	0.7467	1.15	2.39	0.9534	1.44	0.1072	3.46			3.46

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
EPS				-0.85	-0.99	-1.4	-1.16	-1.7	0.3283	0.9668	0.9668	1.24	1.45
Цена акции ао	235.73	250.19	170.66	112.76	107.01	80.65	114.48	144.91	152.31	174.62
Число акций ао, млн	194.55	192.14	197.08	195.86	195.99	193.29	193.56	194.42	198.01	203.77
FCF/акцию				0.1736	0.1786	-0.388	0.2945	0.0566	1.06	1.01	1.01	2.44	3.44

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %	-100.44	224.58	-104.48	-3.72	-9.13	-20.71	-1.6	-19.03	-21.61			-21.09	15.24
ROA, %	-21.88	-25.67	-39.75	-1.8	-3.63	-9.18	-0.4742	-5.81	-6.66			-6.37	4.84
ROIC, %	-100.7		-70.07	-5.61	-6.6	-18.23	3.3					3.27	14.54
ROS, %			-30.2	-1.48	-2.75	-7.37	-0.3517	-3.67	-4.02	-4.02	-4.02	-4.02	10.60
ROCE, %		247.02	-74.17	19.58	9.93	-6.82	15.81	-10.97	-10.71		-11.92	-11.92	18.91
Ebit margin, %					2.99	-5.03	3.46	-3.85	-3.44		-2.27	-2.27
Рентаб EBITDA, %		-18.73	-20.2	8.42	4.27	-1.12	4.83	-2.42	-2.25		-1.1	-1.1	38.27
Чистая рентаб, %	-11.86	-18.26	-30.2	-1.48	-2.75	-7.37	-0.3517	-3.67	-4.02			-4.02	10.62
Operation Margin, %			-9.24	-0.8176	2.99	-3.72	3.52	-5.62	-3.37	-3.37	-3.37	-3.37	18.36
Чистая процентная маржа, %	-11.86	-18.26	-17.38	-1.48	-2.75	-7.37	-0.35					0.73	18.26
Доходность FCF, %				0.7139	1.73	0.4453	0.5476	0.0924	2.25

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	Industry average	5 quarters average	CAGR 5
ROE, %				-5.43	-7.43	-11.25	-9.61	7.23	10.97	28.37	21.21	11.85	8.41	15.24
ROA, %				-1.69	-2.18	-3.54	-2.99	-4.51	0.8722	2.36	2.17	2.65	2.9	4.84
ROIC, %								12.64	1.35					14.54
ROS, %				-4.36	-5.47	-8.53	-7.4	-9.51	1.94	5.42	5.42	7.2	7.52	10.60
ROCE, %				-6.55	-8.61	-14.15	-5.49	-8.33	2.09	4.43	5.17	4.9	7.16	18.91
Ebit margin, %									2.41	5.03	6.24	6.99	10.21
Рентаб EBITDA, %				-3.84	-4.84	-9.22	-2.79	-2.52	3.52	5.89	7.1	7.43	10.96	38.27
Чистая рентаб, %				-4.36	-5.47	-8.53	-7.4	-9.51	1.94	5.42	5.42	7.2	7.52	10.62
Operation Margin, %				-6.77	-7.51	-7.3	-5.13	-3.24	0.9532	4.62	4.62	6.99	11.38	18.36
Доходность FCF, %	0.2137	0.2143	0.0803	0.1539	0.1669	-0.4811	0.2572	0.039	0.6963	0.5789

	Industry average	5 quarters average	CAGR 5

Coefficients

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E			-393.32	-135.96	-69.96	-1482.31	-52.84	-56.2			264.25	11.27
P/BV			14.65	12.41	14.49	23.78	5.96	13.29			13.29	1.76
P/S			5.83	3.74	5.16	5.21	1.22	2.53			2.53	1.16
P/FCF			140.09	57.74	224.58	182.6	1081.88	44.36	38.09	38.09	38.09	3.00
E/P			-0.0025	-0.0074	-0.0143	-0.000675	-0.0189	-0.0178	-0.0207	-0.0207	-0.0207	0.76
EV/EBITDA		0.4051	-125.39	83.97	-546	108.66	-47.54	-107.76			-219.95	3.69
EV/EBIT				119.56	-120.2	116.73	-29.88	-70.42	-106.77	-106.77	-106.77
EV/S				3.58	6.05	5.25	1.15	2.42	2.42	2.42	2.42	1.35
EV/FCF				55.21	263.26	183.85	642.99	47.64	47.64	47.64	47.64	11.11
Debt/EBITDA	-2.01	-1.14		2.15	-1.06	6.61	-5.93	-5.69	-27.17	-27.17	-27.17	1.98
Netdebt/Ebitda		0.5763	-2.01	-1.53	6.52	-2.06	2.82	4.76	9.71	9.71	9.71	1.76
Debt/Ratio		0.3042	0.52	0.6	0.56	0.4307	0.2204	0.2032	0.4753	0.4753	0.4753	0.30
Debt/Equity		0.7995	1.07	1.51	1.26	1.46	0.701	0.6722	4.88	4.88	4.88	0.54
Debt/Net Income	-2.06	-0.7652		-11.19	-4.05	-90.82	-3.91	-3.19	-7.46	-7.46	-7.46	7.49
Бета					1.64	1.63	1.77	3.41	5.65	9.27	9.27	0.18
Индекс Альтмана			9.88	6.32	7.99	9.49	4.33	4.86	4.96	4.96	4.96	1.35

	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2025Q1	Industry average	5 quarters average	CAGR 5
P/E						-176.68	-126.34	-57.74	-98.49	-85.49	-37.39	-110.2	427.63	83.86	71.62		11.27
P/BV						9.6	9.39	6.49	9.46	17.41	13.59	10.6	14.92	14.2	14.78		1.76
P/S						7.71	6.91	4.92	7.28	2.16	2.19	2.52	3.44	4.2	4.59		1.16
P/FCF			467.98	466.73	1245.7	649.57	599.23	-207.86	388.77	2561.21	143.62	172.73					3.00
E/P			4.4E-5	-0.000811	0.0039	-0.0057	-0.0079	-0.0173	-0.0102	-0.0117	0.0022	0.0055					0.76
EV/EBITDA						64.06	-212.76	-31.72	-34.9	-301.61	-81.37	209.13	94.88	68.22	55.93		3.69
EV/EBIT											348.08	182.69	210.12	235.14	161.12
EV/S	28.19	21.43	18.6	18.01						7.59	8.39	9.19	13.12	16.43	16.44		1.35
EV/FCF	1476.15	1468.99	474.74	470.07						2393.62	134.18	162.13	231.54	115.99	92.23		11.11
Debt/EBITDA					13.33	-42.98	-20.28	-7.86		-25.49	35.08	8.24	6.83	6.81	4.09		1.98
Netdebt/Ebitda						9.7	7.12	2.74	8.72	12.38	-7.53	-7.89	-6.54	-8.57	-6.64		1.76
Debt/Ratio	0.3947	0.42	0.4543	0.4307						0.3043	0.5453	0.1943	0.1943	0.1769	0.1692		0.30
Debt/Equity	0.9778	1.16	1.5	1.46						-0.4881	1.94	0.5328	0.5328	0.4215	0.3855		0.54
Debt/Net Income	137.91	-157.1	1587.5	-79.18						-6.75	63.69	8.95	8.95	7.04	5.95		7.49
Бета																9.27	0.18
Индекс Альтмана			7.66	7.93	5.71	3.44	3.12	2.12	3.25	4.65	4.85					4.96	1.35

	Industry average	5 quarters average	CAGR 5

Dividends

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	0.2622	0.2423	0.03	0.2059	0.0422
Дивиденд							0
Див доход, ао, %	0	0	0	0	0	0	0	3.54
Дивиденды / прибыль, %		-130.27	-5.16	-605.58	-9.82		0	59.96

	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд	0.043	0.0029	0.000155	0.013	0.0347	0.02
Дивиденды / прибыль, %	32.82	-1.72	-0.0573	-5.78	-10.52	30.77	59.96

	Industry average	5 quarters average	CAGR 5

Other

IFRS

Reporting Annual

	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	CAGR 5
НИОКР, млрд	396000	396000	493000	615000	837000	912000	1387000	1725000		1387000
Всего задолженность			2.15	2.44	2.9
Персонал, чел						5584	6617	8359	9123

	CAGR 5

	CAGR 5

Investing Port

NYSE: SPOT - Spotify Technology S.A.

Reporting Spotify Technology S.A.

Reports

Capitalization

Balance sheet

Share

Efficiency

Coefficients

Dividends

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