Spotify Overview
- Year Founded
-
2006
- Status
-
Public
- Employees
-
7,372
- Stock Symbol
-
SPOT
- Investments
-
42
- Share Price
-
$501.50
- (As of Thursday Closing)
Spotify General Information
Description
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising 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 very comprehensive 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.
Contact Information
Website
www.spotify.comCorporate Office
- Regeringsgatan 19
- 111 53 Stockholm
- Sweden
Corporate Office
- Regeringsgatan 19
- 111 53 Stockholm
- Sweden
Spotify Stock Performance
As of 23-Jan-2025, Spotify’s stock price is $501.50. Its current market cap is $101B with 202M shares.
(As of Thursday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $501.50 | $493.56 | $210.34 - $510.84 | $101B | 202M | 2.59M | $3.80 |
Spotify Financials Summary
As of 30-Sep-2024, Spotify has a trailing 12-month revenue of $16.4B.
|
In Thousands, USD |
TTM 30-Sep-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 70,141,768 | 34,566,392 | 13,418,483 | 43,112,823 |
| Revenue | 16,377,300 | 14,334,253 | 12,329,804 | 11,430,463 |
| EBITDA | 739,592 | (464,210) | (197,664) | 491,836 |
| Net Income | 760,197 | (575,664) | (452,103) | (40,198) |
| Total Assets | 11,786,584 | 9,225,667 | 8,188,828 | 8,118,023 |
| Total Debt | 1,994,773 | 1,874,758 | 1,804,845 | 2,016,485 |
Spotify Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Spotify Comparisons
Industry
Financing
Details
Spotify Competitors (3)
One of Spotify’s 3 competitors is Napster, a Venture Capital-Backed company based in Seattle, WA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Napster | Venture Capital-Backed | Seattle, WA | ||||
| SoundCloud | Private Equity-Backed | Berlin, Germany | ||||
| Amazon.com | Formerly VC-backed | Seattle, WA |
Spotify Patents
Spotify Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-12114047-B1 | Skipping to playback positions in media content using seek guides | Active | 25-Aug-2023 | ||
| US-20250030902-A1 | Systems and methods for automatically organizing narrated media content based on a media description file | Pending | 21-Jul-2023 | ||
| US-12137148-B1 | System and method for estimating a long-term effect in the presence of unobserved confounding | Active | 13-Jul-2023 | ||
| US-20250016415-A1 | Systems and methods for providing scrollable feeds media content | Pending | 07-Jul-2023 | ||
| US-20240414417-A1 | Systems, methods and computer products for dynamic segment resolution and transferring dynamic-segment metadata across media playback devices | Pending | 07-Jun-2023 | H04N21/845 |
Spotify Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Spotify Investments & Acquisitions (42)
Spotify’s most recent deal was a Seed Round with Atla. The deal was made on 07-Dec-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Atla | 07-Dec-2023 | Seed Round | Software Development Applications | ||
| Pockit | 03-Aug-2023 | Later Stage VC | Financial Software | ||
| Kinzen | 05-Oct-2022 | Merger/Acquisition | Business/Productivity Software | ||
| Heardle | 12-Jul-2022 | Merger/Acquisition | Application Software | ||
| Sonantic | 11-Jul-2022 | Early Stage VC | Communication Software |
Spotify ESG
Risk Overview
Risk Rating
Updated August, 14, 2024
22.25 | 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
Management
Management is related to actions taken to manage ESG issues
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
of 15,104
Rank
Percentile
Software & Services
Industry
of 962
Rank
Percentile
Internet Software and Services
Subindustry
of 219
Rank
Percentile
Spotify Exits (6)
Spotify’s most recent exit was on 12-Jul-2022 from Heardle. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Heardle | 12-Jul-2022 | Completed |
|
||
| Session (Brazil) | 18-Nov-2021 | Completed |
|
||
| SoundBetter | 12-Sep-2019 | Completed |
|
||
| Soundtrap | 17-Nov-2017 | Completed |
|
||
| YPlan | 04-Jun-2013 | Early Stage VC | Completed |
|
Affiliates
Subsidiaries (13)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Sonantic | London, United Kingdom | 2018 | |
| Kinzen | Dublin, Ireland | 2017 | |
| Chartable | New York, NY | 2017 | |
| Parcast | Los Angeles, CA | 2016 | |
| Mediachain | New York, NY | 2016 |
Spotify FAQs
-
When was Spotify founded?
Spotify was founded in 2006.
-
Where is Spotify headquartered?
Spotify is headquartered in Stockholm, Sweden.
-
What is the size of Spotify?
Spotify has 7,372 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 23-Jan-2025 the stock price of Spotify is $501.50.
-
What is the current market cap of Spotify?
The current market capitalization of Spotify is $101B.
-
What is Spotify’s current revenue?
The trailing twelve month revenue for Spotify is $16.4B.
-
Who are Spotify’s competitors?
Napster, SoundCloud, and Amazon.com are competitors of Spotify.
-
What is Spotify’s annual earnings per share (EPS)?
Spotify’s EPS for 12 months was $3.80.
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