Spotify
operating expenses increase driven by efficiency related charges grew or constant currency due primarily to million in to efforts which contributed to growth additionally changes in social charge movements of million impacted expense growth the decline in all other reflected lower as a reminder social are payroll taxes associated with employee salaries and benefits in select countries where we operate since a portion of these taxes is tied to the intrinsic value of share based compensation awards movements in our stock price can lead to fluctuations in the taxes we accrue this resulted in social to share based compensation of million in the current period million in the prior year period an items affecting expense growth in i a | Spotify
Company
Deck Type
Sector
Industry
Deck date
February 2024
Slide
11 of 34
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operating expenses decline led by lower marketing and personnel costs i i | Spotify
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operating expenses primarily driven by efficiency related charges changes in social charge movements of million impacted expense growth reflected higher personnel costs to with employee salaries and benefits in select countries where compensation of million in the current period | Spotify
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operating expenses primarily driven by residual growth | Spotify
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