Spotify Technology S.A. (SPOT) operating KPIs
SPOTNYSERadio Broadcasting StationsFiscal year ends December 31
$593.44+36.20 (+6.50%)
Close on Oct 30, 2026Market cap $122.15BP/E 50.4Yield –
Spotify Technology share of streams from Universal, Sony, Warner and Merlin (approximately, %) (%)
Concentration of the music supply Spotify licenses. From 2022 the base is “streams of audio content delivered by record labels” (before: music streams); 2019 was given only as “over 82%”
Latest, 2025
72.0%
Period ended Dec 31, 2025
Change on a year earlier
+1.0 pts
71.0% in 2024
History
7 years
Since 2018
Sources
7
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Share of streams from Universal, Sony, Warner and Merlin (approximately, %) (%) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 72.0% | +1.0 pts | Spotify Form 20-F, filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 71.0% | -3.0 pts | Spotify Form 20-F, filed 2025-02-05 ↗ |
| 2023 | Dec 31, 2023 | 74.0% | -1.0 pts | Spotify Form 20-F, filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 75.0% | -2.0 pts | Spotify Form 20-F, filed 2023-02-02 ↗ |
| 2021 | Dec 31, 2021 | 77.0% | -1.0 pts | Spotify Form 20-F, filed 2022-02-03 ↗ |
| 2020 | Dec 31, 2020 | 78.0% | – | Spotify Form 20-F, filed 2021-02-05 ↗ |
| 2018 | Dec 31, 2018 | 85.0% | – | Spotify Form 20-F, filed 2019-02-12 ↗ |
Cite this data
StockData. (2026). Spotify Technology Share of streams from Universal, Sony, Warner and Merlin (approximately, %) (%), annual 2018–2025 [Data set]. Compiled from Spotify Technology SEC filings and investor materials. https://stockdatahq.com/stocks/spot/kpis/label-share
See every metric in the Spotify Technology KPI table. Data updated Oct 23, 2026.