Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Its services allow subscribers to search and discover music collections of friends, artists, and celebrities; build a personal collection playlist; and share music on Spotify, Facebook, Twitter, blog, and via email with friends. The Company also allows artists to post tracks on social networks, share them with fans, and promote career.
Type
Public
HQ
Stockholm, SE
Founded
2006
Size (employees)
2,960 (est)+43%
Spotify was founded in 2006 and is headquartered in Stockholm, SE
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Key People/Management at Spotify

Daniel Ek

Daniel Ek

Chairman and CEO
Barry McCarthy

Barry McCarthy

CFO
Martin Lorentzon

Martin Lorentzon

Co-Founder
Seth Farbman

Seth Farbman

Chief Marketing Officer
Andy Wiggan

Andy Wiggan

Director of Payments
Sam Ee

Sam Ee

Design Director
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Spotify Office Locations

Spotify has offices in New York, Toronto, São Paulo , Mexico City and in 40 other locations
Stockholm, SE (HQ)
Regeringsgatan 19
Gothenburg, SE
Vallgatan 22
Surry Hills, AU
120 Chalmers Street, NSW
Sydney, AU
161 Sussex St
Antwerp, BE
Kammenstraat 18, 2000
São Paulo , BR
R. Natingui, 442 - Sala 05 - Vila Madalena
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Spotify Financials and Metrics

Spotify Revenue

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Spotify's revenue was reported to be €4.09 b in FY, 2017 which is a 38.6% increase from the previous period.
EUR

Revenue (Q2, 2018)

1.3 b

Gross profit (Q2, 2018)

329 m

Gross profit margin (Q2, 2018), %

25.8%

Net income (Q2, 2018)

(394 m)

EBIT (Q2, 2018)

(90 m)

Market capitalization (14-Aug-2018)

34.8 b

Closing stock price (14-Aug-2018)

193.8

Cash (30-Jun-2018)

810 m
Spotify's current market capitalization is $34.8 b.
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1 b1.9 b3 b4.1 b

Revenue growth, %

45%79%52%39%

Cost of goods sold

910.5 m1.7 b2.6 b3.2 b

Gross profit

174.3 m226 m401 m849 m
Quarterly
EURQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018

Revenue

619 m714 m747 m872 m902 m1 b1 b1.1 b1.1 b1.3 b

Cost of goods sold

588 m610 m634 m719 m797 m775 m802 m867 m856 m944 m

Gross profit

31 m104 m113 m153 m105 m232 m230 m282 m283 m329 m

Gross profit Margin, %

5%15%15%18%12%23%22%25%25%26%
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Cash

206.5 m597.4 m755 m477 m

Accounts Receivable

142.8 m163.9 m223 m272 m

Current Assets

351.2 m870.2 m1.9 b1.9 b

PP&E

50.7 m81.1 m85 m73 m
Quarterly
EURQ1, 2018Q2, 2018

Cash

733 m810 m

Accounts Receivable

232 m324 m

Current Assets

1.9 b2.1 b

PP&E

68 m83 m
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(188.1 m)(230 m)(539 m)(1.2 b)

Depreciation and Amortization

19.2 m30 m38 m54 m

Accounts Payable

161.2 m251 m245 m447 m

Cash From Operating Activities

(73.5 m)(38 m)101 m179 m
Quarterly
EURQ1, 2018Q2, 2018

Net Income

(169 m)(563 m)

Depreciation and Amortization

11 m17 m

Accounts Payable

70 m148 m

Cash From Operating Activities

84 m114 m
EURY, 2018

Financial Leverage

3.4 x
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Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 180 m in Q2, 2018.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

Monthly Active Users

68 m77 m82 m91 m96 m104 m113 m123 m131 m136 m147 m157 m170 m180 m

Premium Subscriptions

18 m22 m24 m28 m30 m36 m40 m48 m52 m59 m62 m71 m75 m83 m

Ad-Supported Monthly Active Users

51 m56 m60 m64 m67 m70 m75 m77 m83 m82 m91 m92 m99 m101 m

Content, hours

3.70 b4.20 b4.50 b5.10 b17.40 b5.70 b6.40 b6.90 b7.70 b26.70 b8.70 b9.60 b10.20 b11.20 b39.80 b
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Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Loudr (12)April 12, 2018
Soundtrap AB November 17, 2017
niland May 17, 2017
Mediachain Labs April 26, 2017
MightyTV (9)March 27, 2017
Sonalytic March 07, 2017
Preact (13)November 01, 2016
CrowdAlbum April 27, 2016
Cord Project January 20, 2016
Soundwave (27)January 20, 2016
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Spotify Revenue Breakdown

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Spotify revenue breakdown by business segment: 10.2% from Ad-Supported and 89.8% from Premium

Spotify revenue breakdown by geographic segment: 50.5% from Other Countries, 10.9% from United Kingdom, 38.6% from United States and 0.1% from Other

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Spotify Online and Social Media Presence

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Spotify News and Updates

Spotify is falling behind on lyrics and voice

Spotify’s lack of full lyrics support and its minimal attention to voice are beginning to become problems for the streaming service. The company has been so focused on the development of its personalization technology and programming its playlists, it has overlooked key features that its competitors…

Tiger Cubs Tune Into Spotify, PointState Likes Facebook: 13Fs

Tiger Cubs Tune Into Spotify, PointState Likes Facebook: 13Fs

Spotify's $8 Billion Rally Is Attracting Loads of Hedge Funds

Spotify's $8 Billion Rally Is Attracting Loads of Hedge Funds

Julian Robertson's Tiger fund boosts equity bets in Q2 as it buys Spotify stock, adds to Twitter stake

Billionaire investor Julian Robertson's hedge fund, Tiger Global Management, bought a new 12.8 million share stake in Spotify Technology S.A. during the second quarter, according to the fund's latest 13F filing with the Securities and Exchange Commission. Spotify went public on April 3. Among some o…

Employees at Spotify rarely work the same job for more than 2 years — and the CEO says that's on purpose

Spotify jobs aren't static, according to CEO Daniel Ek. He told Fast Company that he views jobs as "tours of duty," just like LinkedIn founder Reid Hoffman. At Spotify, while your title might stay the same, the actual work you're doing will almost certainly change over time. In a recent intervie…

Why Spotify could be bigger than Pandora in the U.S. in less than 5 years

The battlelines have been drawn in your ears. It might be a good time to buy some Spotify stock. eMarketer thinks the streaming music giant will have more U.S. users than that other streaming music giant, Pandora, by 2022.Read Full Story
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Spotify Company Life and Culture

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