Electric Jukebox Competitors and Similar CompaniesClear all
Spotify's competitors and similar companies include Tencent Music Entertainment.
 Spotify Spotify Technology is a provider of commercial music streaming services that offer digital content from a range of record labels and artists. |  Tencent Music Entertainment Tencent Music Entertainment (TME, 腾讯音乐娱乐) is a company that provides an online music entertainment platform operating music apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing. | |
Founding Date | Founding Date 2006 | Founding Date 2012 |
Type | Type Public | Type Public |
Tags | ||
Locations | Locations Stockholm, SE HQ Sydney, AU Brussels, BE Toronto, CA København, DK Helsinki, FI Paris, FR see more | Locations Shenzhen, CN HQ Beijing, CN Guangzhou, CN Shenzhen, CN Shenzhen, CN |
Employees | Employees 7,258 | Employees 5,353 |
Valuation ($) | Valuation ($) 67.5 b | Valuation ($) 19.6 b |
Financial | ||
Revenue (est.) | Revenue (est.) €17.2b (FY, 2025) | Revenue (est.) ¥32.9b (FY, 2025) |
Cost of goods | Cost of goods €11.6b (FY, 2025) | Cost of goods ¥17.4b (FY, 2025) |
Gross profit | Gross profit €5.6b (FY, 2025) | Gross profit ¥15.5b (FY, 2025) |
Net income | Net income €2.2b (FY, 2025) | Net income ¥11.4b (FY, 2025) |
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Tencent Music Entertainment
HQ
Shenzhen, CN
Employees
5,353
Tencent Music Entertainment (TME, 腾讯音乐娱乐) is a company that provides an online music entertainment platform operating music apps such as QQ Music, Kugou Music, Kuwo Music, and WeSing.
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