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Spotify
Spotify Summary
Overview
Spotify is a provider of commercial music streaming service that offers 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 | Map |
| Website | spotify.com | |
| Employee Ratings |   | More |
| Overall Culture | B | More |
Locations
Table of Contents
Key People/Management at Spotify
Spotify Office Locations
Spotify has offices in Stockholm, Atlanta, Birmingham, Boston and in 42 other locations
Spotify Financials and Metrics
Spotify Revenue
Spotify's revenue was reported to be €6.76 b in FY, 2019 which is a 28.6% increase from the previous period.
EUR
| Revenue (Q2, 2020) | €1.89 b |
| Gross profit (Q2, 2020) | €479 m |
| Gross profit margin (Q2, 2020), % | 25.4% |
| Net income (Q2, 2020) | (€356 m) |
| EBIT (Q2, 2020) | (€167 m) |
| Market capitalization (11-Jun-2021) | $46.53 b |
| Closing stock price(11-Jun-2021) | $243.66 |
| Cash (30-Jun-2020) | €1.15 b |
| EV | $46 b |
Spotify's current market capitalization is $46.5 b.
| EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 902 m | 1 b | 1 b | 1.1 b | 1.1 b | 1.3 b | 1.4 b | 1.5 b | 1.5 b | 1.7 b | 1.7 b | 1.9 b | 1.8 b | 1.9 b |
| Cost of goods sold | 797 m | 775 m | 802 m | 867 m | 856 m | 944 m | 1 b | 1.1 b | 1.1 b | 1.2 b | 1.3 b | 1.4 b | 1.4 b | 1.4 b |
| Gross profit | 105 m | 232 m | 230 m | 282 m | 283 m | 329 m | 342 m | 399 m | 373 m | 434 m | 441 m | 474 m | 472 m | 479 m |
| Gross profit Margin, % | 12% | 23% | 22% | 25% | 25% | 26% | 25% | 27% | 25% | 26% | 25% | 26% | 26% | 25% |
| EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | (173 m) | (361 m) | (639 m) | (169 m) | (563 m) | (520 m) | (142 m) | (218 m) | 23 m | 1 m | (355 m) |
| Depreciation and Amortization | 14 m | 26 m | 41 m | 11 m | 17 m | 24 m | 21 m | 41 m | 51 m | 26 m | 44 m |
| Accounts Receivable | (40 m) | (27 m) | (66 m) | 15 m | 27 m | (2 m) | 35 m | (15 m) | (13 m) | 22 m | (17 m) |
| Accounts Payable | 186 m | 267 m | 252 m | 70 m | 148 m | 234 m | 155 m | 230 m | 232 m | (63 m) | 88 m |
| EV/EBIT | -284.3 x |
| EV/CFO | 1582.5 x |
| Debt/Equity | 0.3 x |
| Debt/Assets | 0.1 x |
| Financial Leverage | 2.6 x |
| P/E Ratio | -135.2 x |
Revenue Breakdown
Spotify revenue breakdown by business segment: 10.0% from Ad-Supported and 90.0% from Premium
Spotify revenue breakdown by geographic segment: 51.6% from Other Countries, 10.7% from United Kingdom, 37.6% from United States and 0.1% from Other
Spotify Operating Metrics
Spotify's Podcasts on the Platform was reported to be 1.5 m in Aug, 2020.
| FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Aug, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Premium Churn | 6.60% | 5.50% | 5.90% | 5.70% | 5.10% | 5.50% | |||||||||||||
| Total Daily Active Users to Monthly Active Users | 42.00% | 44.00% | 45.00% | 43.00% | 44.00% | 44.00% | |||||||||||||
| Content Hours per Monthly Active User | 22 | 23 | 24 | 24 | 25 | 25 | |||||||||||||
| Premium Subscribers (Europe) | 20 m | 21 m | 24 m | 25 m | 28 m | 28 m |
Spotify Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| The Ringer | March 06, 2020 | €170 m |
| SoundBetter | September 12, 2019 | |
| Parcast | March 25, 2019 | €49 m |
| Anchor FM | February 06, 2019 | €136 m |
| Gimlet Media | February 06, 2019 | $200 m |
| Loudr | April 12, 2018 | |
| Soundtrap AB | November 17, 2017 | |
| niland | May 17, 2017 | |
| Mediachain Labs | April 26, 2017 | |
| MightyTV | March 27, 2017 |
Human Capital Metrics
Source: q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com, www.spotifyjobs.com, q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com
Spotify Hiring Categories
Spotify Median Salaries
Source: 7 public H-1B filings from Spotify
Spotify Cybersecurity Score
Spotify Environment, Social & Governance (ESG) Ratings
Spotify Website Traffic
Alexa Website Rank
Total Visits per monthSimilarWeb
Twitter Engagement Stats for @spotify
35.26 k
Tweets
17.78 k
Following
4.28 m
Followers
181
Tweets last 30 days
3.7k
Avg. likes per Tweet
99.4%
Tweets with engagement
Spotify Technology Stack![BuildWith Logo]()
ads
42 products used
- Adap.TV
- Adbrain
- Adobe Audience Manager Sync
- AdRoll
- Ads.txt
- Advertising.com
- AppNexus
- AppNexus Direct
- AppNexus Segment Pixel
- BlueKai
- BlueKai DMP
- Campanja
- Conversant
- DemDex
- DoubleClick Bid Manager
- DoubleClick.Net
- Drawbridge
- Evidon
- Facebook Custom Audiences
- Google Adsense
- Google Direct
- Google Remarketing
- Index Exchange
- IndexExchange Direct
- IponWeb BidSwitch
- Jumptap
- Media Innovation Group
- Openads/OpenX
- OpenX Direct
- Pubmatic
- RadiumOne
- Rocket Fuel
- Rubicon Project
- RubiconProject Direct
- SpotXChange Direct
- Swoop
- Tapad
- The Trade Desk
- Twitter Ads
- Yahoo Publisher Network
- Yahoo Small Business
- Yield Manager
analytics
34 products used
- Acxiom
- Bing Universal Event Tracking
- comScore
- Datalogix
- DoubleClick Floodlight
- Facebook Domain Insights
- Facebook Signal
- Facebook Tag API
- Fastly
- Google Analytics
- Google Analytics 360 Suite
- Google Analytics Enhanced Ecommerce
- Google Analytics Enhanced Link Attribution
- Google Analytics with Ad Tracking
- Google Conversion Tracking
- Google Optimize 360
- Google Universal Analytics
- Hotjar
- Invite Media
- KISSmetrics
- Mixpanel
- New Relic
- Optimizely
- Pingdom RUM
- Rapleaf
- SessionCam
- SteelHouse
- TellApart
- Twitter Analytics
- Twitter Conversion Tracking
- Twitter Website Universal Tag
- Visual IQ
- Yahoo Dot
- Yahoo Web Analytics
CDN
6 products used
- AJAX Libraries API
- Akamai
- CloudFront
- Content Delivery Network
- Fastly CDN
- Yahoo Image CDN
cdns
3 products used
- Amazon CloudFront
- Amazon S3 CDN
- Fastly Verified CDN
Spotify Company Culture![CultureAndCompensation Logo]()
Overall Culture
B
70/100
CEO Rating
A+
83/100
Compensation
C
63/100
Diversity
C+
67/100
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- When was Spotify founded?
- Spotify was founded in 2006.
- Who are Spotify key executives?
- Spotify's key executives are Daniel Ek, Dawn Ostroff and Paul Vogel.
- How many employees does Spotify have?
- Spotify has 4,405 employees.
- What is Spotify revenue?
- Latest Spotify annual revenue is €6.76 b.
- What is Spotify revenue per employee?
- Latest Spotify revenue per employee is €1.54 m.
- Who are Spotify competitors?
- Competitors of Spotify include Noteflight, SoundCloud and Pandora.
- Where is Spotify headquarters?
- Spotify headquarters is located at Regeringsgatan 19, Stockholm.
- Where are Spotify offices?
- Spotify has offices in Stockholm, Atlanta, Birmingham, Boston and 42 other locations
- How many offices does Spotify have?
- Spotify has 50 offices.
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