Spotify Overview

  • Year Founded
  • 2006

Year Founded

  • Status
  • Public

  • Employees
  • 9,123

Employees

  • Stock Symbol
  • SPOT

Stock Symbol

  • Investments
  • 43

  • Share Price
  • $308.16
  • (As of Friday Closing)

Spotify General Information

Description

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.

Contact Information

Website
www.spotify.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Entertainment Software
Other Industries
Application Software
Movies, Music and Entertainment
Stock Exchange
NYS
Corporate Office
  • Regeringsgatan 19
  • 111 53 Stockholm
  • Sweden

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Spotify Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$308.16 $300.51 $129.23 - $319.30 $61.1B 199M 2.01M -$0.64

Spotify Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 49,555,140 34,566,392 13,418,483 43,112,823
Revenue 15,021,217 14,334,253 12,329,804 11,430,463
EBITDA (56,434) (464,210) (197,664) 491,836
Net Income (119,380) (575,664) (452,103) (40,198)
Total Assets 9,800,110 9,225,667 8,188,828 8,118,023
Total Debt 1,903,867 1,874,758 1,804,845 2,016,485
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Spotify Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Spotify Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 m
Entertainment Software
Stockholm, Sweden
9,123 As of 2023
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00000000 000000
Seattle, WA
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00000000000 000.00

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0000000000000 000000
Seattle, WA
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0000000000 0
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Spotify Competitors (2)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Amazon.com Formerly VC-backed Seattle, WA 0000000 000.00 00000000000 000.00
Napster Venture Capital-Backed Seattle, WA 000 000.00 0000000000 0
You’re viewing 2 of 2 competitors. Get the full list »

Spotify Patents

Spotify Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240137394-A1 Systems, methods, and computer program products for providing simulator augmented content selection Pending 24-Oct-2022 00000000000
US-20240135974-A1 Systems and methods for lyrics alignment Pending 24-Oct-2022 000000000
EP-4357938-A1 Systems and methods for media playlist generation Pending 21-Oct-2022 00000000000
US-20240134904-A1 Systems and methods for generating personalized playlists Pending 20-Oct-2022 0000000000
US-20240134902-A1 Systems and methods for media playlist generation Pending 20-Oct-2022 G06F16/4387
To view Spotify’s complete patent history, request access »

Spotify Executive Team (69)

Name Title Board Seat Contact Info
Daniel Ek Co-Founder, Chief Executive Officer & Chairman of Board of Directors
Oskar Stal Senior Leader, Personalization
Katarina Berg Chief Human Resources Officer
Gustav Söderström Co-President, Chief Product Officer & Chief Technology Officer
Paul Vogel Chief Financial Officer
You’re viewing 5 of 69 executive team members. Get the full list »

Spotify Board Members (14)

Name Representing Role Since
Christopher Marshall Self Board Member 000 0000
Daniel Ek Spotify Co-Founder, Chief Executive Officer & Chairman of Board of Directors 000 0000
Heidi O'Neill Self Board Member 000 0000
Martin Lorentzon Spotify Co-Founder & Board Member 000 0000
Mona Sutphen Self Board Member 000 0000
You’re viewing 5 of 14 board members. Get the full list »

Spotify Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Spotify Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Spotify Investments & Acquisitions (43)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Atla 07-Dec-2023 0000 00000 Legal Services (B2B)
Pockit 03-Aug-2023 00000 0000 0000 Financial Software
Kinzen 05-Oct-2022 0000000000 Business/Productivity Software 000000 00
Heardle 12-Jul-2022 0000000000 Application Software 000000 00
Sonantic 11-Jul-2022 Early Stage VC 00.000 Communication Software
You’re viewing 5 of 43 investments and acquisitions. Get the full list »

Spotify Subsidiaries (16)

Company Name Industry Location Founded
Betty Labs Social/Platform Software Los Angeles, CA 2018
Podsights Media and Information Services (B2B) New York, NY 0000
Sonantic Communication Software London, United Kingdom 0000
Kinzen Business/Productivity Software Dublin, Ireland 0000
Chartable Media and Information Services (B2B) New York, NY 0000
You’re viewing 5 of 16 subsidiaries. Get the full list »

Spotify ESG

Risk Overview

Risk Rating

Updated February, 20, 2024

22.03 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,421

Rank

00.00

Percentile

Software & Services

Industry

00 of 1,116

Rank

00.00

Percentile

Internet Software and Services

Subindustry

00 of 246

Rank

00.00

Percentile

To view Spotify’s complete esg history, request access »

Spotify Exits (6)

Company Name Exit Date Exit Type Exit Size Status Buyers
Heardle 12-Jul-2022 000000000000000000 Completed
  • 0000000
Session 18-Nov-2021 00000 00.000 Completed
  • 2 buyers
SoundBetter 12-Sep-2019 000000000000000000 Completed
  • 0000000
Soundtrap 17-Nov-2017 000000000000000000 000.00 Completed
  • 0000000
YPlan 04-Jun-2013 Early Stage VC 000.00 Completed
  • 13 buyers
You’re viewing 5 of 6 exits. Get the full list »

Spotify FAQs

  • When was Spotify founded?

    Spotify was founded in 2006.

  • Who is the founder of Spotify?

    Daniel Ek is the founder of Spotify.

  • Who is the CEO of Spotify?

    Daniel Ek is the CEO of Spotify.

  • Where is Spotify headquartered?

    Spotify is headquartered in Stockholm, Sweden.

  • What is the size of Spotify?

    Spotify has 9,123 total employees.

  • What industry is Spotify in?

    Spotify’s primary industry is Entertainment Software.

  • Is Spotify a private or public company?

    Spotify is a Public company.

  • What is Spotify’s stock symbol?

    The ticker symbol for Spotify is SPOT.

  • What is the current stock price of Spotify?

    As of 24-May-2024 the stock price of Spotify is $308.16.

  • What is the current market cap of Spotify?

    The current market capitalization of Spotify is $61.1B.

  • What is Spotify’s current revenue?

    The trailing twelve month revenue for Spotify is $15B.

  • Who are Spotify’s competitors?

    Amazon.com and Napster are competitors of Spotify.

  • What is Spotify’s annual earnings per share (EPS)?

    Spotify’s EPS for 12 months was -$0.64.

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