SPOT (Spotify Technology) COGS-to-Revenue : 0.68 (As of Mar. 2025)

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What is Spotify Technology COGS-to-Revenue?

Spotify Technology's Cost of Goods Sold for the three months ended in Mar. 2025 was $3,096 Mil. Its Revenue for the three months ended in Mar. 2025 was $4,530 Mil.

Spotify Technology's COGS to Revenue for the three months ended in Mar. 2025 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Spotify Technology's Gross Margin % for the three months ended in Mar. 2025 was 31.65%.

Spotify Technology COGS-to-Revenue Historical Data

The historical data trend for Spotify Technology's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Spotify Technology COGS-to-Revenue Chart

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.74

0.73

0.75

0.74

0.70

Spotify Technology Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.72	0.71	0.69	0.68	0.68

Spotify Technology COGS-to-Revenue Calculation

Spotify Technology's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11464.921	/	16411.518
	=	0.70

Spotify Technology's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3096.216	/	4529.73
	=	0.68

Spotify Technology (NYSE:SPOT) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Spotify Technology's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3096.216 / 4529.73
	=	31.65 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Spotify Technology COGS-to-Revenue Related Terms

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Spotify Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (NYSE:SPOT) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

SPOT N:Mexico 1SPOT:Italy 0SPT:UK 639:Germany S1PO34:Brazil SPOT:Austria

Address

Regeringsgatan 19, Stockholm, SWE, 111 53

Website

https://www.spotify.com

Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.