Company Growth (employees)
Spotify was founded in 2006 and is headquartered in Stockholm, SE
Key People at Spotify
Daniel Ek
Chairman and CEO
Martin Lorentzon
Co-founder
Alex Norstrom
Chief Business Officer
Marie Suh
Director of Strategic Partnerships
Axel Bringéus
Global Head of Markets
Andy Wiggan
Director of Payments
Kenneth Parks
Chief Content Officer & Managing Director, North America
Sam Ee
Design Director
Angela Watts
VP, Marketing & Communications
Spotify Office Locations
Spotify has offices in Stockholm, Paris, Oslo, Madrid and in 36 other locations
Stockholm, SE (HQ)
Birger Jarlsgatan 61
Los Angeles, US
Los Angeles, CA
Dallas, US
Dallas, TX
Chicago, US
Chicago, IL
Cambridge, GB
Cambridge, UK
Boston, US
Boston, MA
Spotify Data and Metrics
Summary Metrics
Founding Date | 2006 |
Total Funding | $2.6 b |
Time since last funding | 3 months |
Investors | Dragoneer Investment Group, K2 Global, Groupe Arnault, TCV, 137 Ventures, GP BullHound, Goldman Sachs, Telia Company AB, GSV Ventures, Horizons Ventures, SharesPost Investment Management, EquityZen, Discovery Capital, TPG (formerly Texas Pacific Group), Baillie Gifford, Asset Management Partners, Senvest Capital, blisce/, Li Ka-shing, Lansdowne Partners, GSV Capital, Accel Partners, Technology Crossover Ventures, Northzone, Harmony Partners, D.E. Shaw & Co., Halcyon Asset Management, Wellington Partners, Rinkelberg Capital |
Spotify's latest valuation is reported to be $8.5 b.
Spotify Financial Metrics
Spotify's revenue was reported to be $2.9 b in FY, 2016 which is a 49% increase from the previous period.
USD
Revenue (FY, 2016) | 2.9 b |
Revenue growth (FY, 2015 - FY, 2016), % | 49% |
Net income (FY, 2016) | (300 m) |
Market valuation | 8.5 b |
Cash (31-Dec-2015) | 597.4 m |
EV | 7.9 b |
- Source: , Company Filings, BBC, Music Business Worldwide
| EUR | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016E |
|---|---|---|---|---|
Revenue | 746.9 m | 1.1 b | 1.9 b | 2.9 b |
Revenue growth, % | 45% | 80% | 49% | |
Cost of goods sold | 614.5 m | 876.1 m | 1.6 b | |
Gross profit | 132.3 m | 205.6 m | 321.7 m |
- Source: Company Filings, BBC, Music Business Worldwide
| EUR | Y, 2014 | Y, 2015 |
|---|---|---|
Cash | 206.5 m | 597.4 m |
Accounts Receivable | 142.8 m | 281 m |
Inventories | 15.4 m | |
Current Assets | 349.3 m | 893.8 m |
| USD | Y, 2016 |
|---|---|
Revenue/Employee | 1.4 m |
Spotify Operating Metrics
Spotify's Paying Subscribers was reported to be 60 m in Aug, 2017. Spotify's Active Users was reported to be 140 m in Aug, 2017. Spotify's Monthly Unique Users was reported to be 30.4 m in Mar, 2017
Spotify Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Mediachain Labs | April 26, 2017 | |
| Preact | November 01, 2016 |
Spotify Revenue Breakdown
Spotify Median Salaries
Source: 117 public H-1B filings from Spotify
Market Position of Spotify
Competitors
Traffic Overview of Spotify
Spotify Online and Social Media Presence
Spotify News and Updates
September 18, 2017
The iPhone's Waze app is getting a big Spotify update
Drivers will soon be able to blast Spotify directly from Waze on their iPhones.
This new iOS app integration was announced Monday. It lets users control Spotify directly from Waze, so they don't have to switch between apps.
SEE ALSO: BMW and other carmakers team up to take on Waze and Google M…
September 18, 2017
Spotify and Google’s Waze integration lands on iOS
Spotify and Waze have expanded their previously announced integration to iOS, meaning iPhone users will now be able to access tunes without having to leave their GPS navigation screen. By way of a quick recap, back in March the companies announced a two-way integration to save users from switching b…
September 18, 2017
Waze and Spotify integration arrives on iOS
Google-owned navigation app Waze announced a partnership earlier this year with music streaming service Spotify to put Spotify playlists right within the Waze app, and now the team-up is extending to iOS. The new integration is rolling out today, and adds a number of direct Spotify features within …
September 15, 2017
Tencent tried to buy Spotify earlier this year
Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $380 billion. …
September 14, 2017
Spotify launches an iMessage app for texting songs to friends
Spotify has quietly launched its own iMessage application that let you text songs to friends with just a few taps. The new app hasn’t been officially announced, but appears to be similar in functionality to Spotify’s Messenger app, which went live earlier this spring as one of Messenger’s new chat …
September 14, 2017
Spotify finally lands in the iMessage App Store
It’s about time. Spotify has quietly launched an app for iMessage, allowing you to easily share tracks with friends, without having to leave the chat, or deal with copying-and-pasting links. To enable it, open iMessage, head to the app store, and then press ‘Manage.’ Finally, tap the switch next to …