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Spotify

Spotify

Monthly Active Users

433 M

Q2, 2022

Revenue

€9.7 B

FY, 2021

Market Capitalization

$19.3 B

2022-09-16

Spotify Summary

Company summary

Overview
Spotify is a provider of commercial music streaming services that offer restricted digital content from a range of record labels and artists. It enables subscribers to search and discover music collections of friends, artists, and celebrities, build a personal collection playlist and share music on social media, blog, and via email with friends. The company also allows artists to post tracks on social networks, share them with fans, etc.
Type
Public
Founded
2006
HQ
Stockholm, SE | view all locations
Website
https://www.spotify.com
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • Daniel Ek

    Daniel Ek, Founder, Chief Executive Officer, and Chairman of the Board of Directors

  • Martin Lorentzon

    Martin Lorentzon, Co-Founder and Director

  • Dawn Ostroff

    Dawn Ostroff, Chief Content & Advertising Business Officer

    • Paul Vogel

      Paul Vogel, Chief Financial Officer

    Operating MetricsView all

    Podcasts on the Platform

    2.2M
    214.3%

    FY, 2020

    Tracks

    70M
    40.0%

    FY, 2020

    Countries

    183
    2.8%

    Q2, 2022

    LocationsView all

    51 locations detected

    • Stockholm, Stockholms län HQ

      Sweden

      Regeringsgatan 19

    • Atlanta, GA

      United States

      Atlanta, GA, USA

    • Birmingham, MI

      United States

      132 N Old Woodward Ave

    • Boston, MA

      United States

      3 Center Plz

    • Chicago, IL

      United States

      444 N Orleans St #350

    • Dallas, TX

      United States

      Dallas, TX, USA

    and 45 others

    Spotify Financials

    Summary financials

    Revenue (Q2, 2022)
    €2.9B
    Gross profit (Q2, 2022)
    €744.0M
    Net income (Q2, 2022)
    (€125.0M)
    Cash (Q2, 2022)
    €2.8B
    EBIT (Q2, 2022)
    (€194.0M)
    Enterprise value
    $17.7B

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