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.

Employee Rating

4.1More
TypePublic
HQNorrmalm, SE
Founded2006
Size (employees)2,960 (est)
Websitespotify.com
Spotify was founded in 2006 and is headquartered in Norrmalm, SE
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Key People/Management at Spotify

Cecilia Qvist

Cecilia Qvist

Global Head of Markets
Dawn Ostroff

Dawn Ostroff

Chief Content Officer
Daniel Ek

Daniel Ek

Chairman and CEO
Barry McCarthy

Barry McCarthy

CFO
Martin Lorentzon

Martin Lorentzon

Co-Founder
Katarina Berg

Katarina Berg

Chief Human Resources Officer
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Spotify Office Locations

Spotify has offices in Norrmalm, Nashville, Munich, Minneapolis and in 40 other locations
Norrmalm, (HQ)
19 Regeringsgatan
Sydney,
161 Sussex St
Antwerpen,
18 Kammenstraat
Brussels,
Square de Meeus 37
São Paulo,
442 R. Natingui
Toronto,
403 179 John St
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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 (Q3, 2018)

1.4b

Gross profit (Q3, 2018)

342.0m

Gross profit margin (Q3, 2018), %

25.3%

Net income (Q3, 2018)

43.0m

EBIT (Q3, 2018)

(6.0m)

Market capitalization (4-Dec-2018)

24.2b

Closing stock price (4-Dec-2018)

134.5

Cash (30-Sep-2018)

1.1b
Spotify's current market capitalization is $24.2 b.
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1b1.9b3.0b4.1b

Revenue growth, %

45%79%52%39%

Cost of goods sold

910.5m1.7b2.6b3.2b

Gross profit

174.3m226.0m401.0m849.0m
Quarterly
EURQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

619.0m714.0m747.0m872.0m902.0m1.0b1.0b1.1b1.1b1.3b1.4b

Cost of goods sold

588.0m610.0m634.0m719.0m797.0m775.0m802.0m867.0m856.0m944.0m1.0b

Gross profit

31.0m104.0m113.0m153.0m105.0m232.0m230.0m282.0m283.0m329.0m342.0m

Gross profit Margin, %

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

Cash

206.5m597.4m755.0m477.0m

Accounts Receivable

142.8m163.9m223.0m272.0m

Current Assets

351.2m870.2m1.9b1.9b

PP&E

50.7m81.1m85.0m73.0m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018

Cash

733.0m810.0m1.1b

Accounts Receivable

232.0m324.0m359.0m

Current Assets

1.9b2.1b2.2b

PP&E

68.0m83.0m135.0m
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(188.1m)(230.0m)(539.0m)(1.2b)

Depreciation and Amortization

19.2m30.0m38.0m54.0m

Accounts Payable

161.2m251.0m245.0m447.0m

Cash From Operating Activities

(73.5m)(38.0m)101.0m179.0m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018

Net Income

(169.0m)(563.0m)43.0m

Depreciation and Amortization

11.0m17.0m7.0m

Accounts Payable

70.0m148.0m86.0m

Cash From Operating Activities

84.0m114.0m80.0m
EURY, 2018

Financial Leverage

0.9 x
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Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 191 m in Q3, 2018.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Monthly Active Users

68 m77 m82 m91 m96 m104 m113 m123 m131 m136 m147 m157 m170 m180 m191 m

Premium Subscriptions

18 m22 m24 m28 m30 m36 m40 m48 m52 m59 m62 m71 m75 m83 m87 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
LoudrApril 12, 2018
Soundtrap ABNovember 17, 2017
nilandMay 17, 2017
Mediachain LabsApril 26, 2017
MightyTVMarch 27, 2017
SonalyticMarch 07, 2017
PreactNovember 01, 2016
CrowdAlbumApril 27, 2016
Cord ProjectJanuary 20, 2016
SoundwaveJanuary 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

Human Capital Metrics

Spotify's employees are reported to be approximately 39% female and 61% male.
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Spotify Online and Social Media Presence

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Spotify News and Updates

What Spotify and Instagram would have looked like 30 years ago

Warning: These illustrations are a nostalgia suckerpunch. Nostalgia sucks, but I can’t help but love it, because I’m old. Which is why I felt an instant connection with these modern digital brands reimagined as the objects of the 1980s and ’90s.Read Full Story

November in Africa: Spotify expands and drones protect wildlife

Too often in these monthly wraps we look at the negative side of tech in Africa, usually what governments are doing to milk the sector for all it is worth. Last month, however, we saw the potential for tech on the continent, and how if it is employed in the right way it can have really meaningful im…

Drake Is The King Of Spotify And Apple Music As Top Streaming 2018 Artist

The Toronto rapper dominated the streaming services end-of-the-year rankings.

Spotify Gets a Boost as Tencent Music Kicks Off Share Sale

Spotify Gets a Boost as Tencent Music Kicks Off Share Sale

You may finally be able to import your phone music on Spotify

It happens more than once that a song you have on your device is not available on a streaming service. Spotify wants to fix that.According to Jane Manchun Wong, who shared screenshots of the experimental feature on Twitter, Spotify is testing a feature that allows you to import your music from an An…

Spotify unveils this year’s hilarious Wrapped billboards

Spotify started rolling out its Wrapped year-end billboards, where it blasts out trivia about its users and occasionally calls out the stranger ones. Most of the facts are hilarious, though it does remain a bit creepy just how much the company is willing to reveal. spotify used their data to create …
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Spotify Company Life and Culture

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Spotify Frequently Asked Questions

  • When was Spotify founded?

    Spotify was founded in 2006.

  • Who are Spotify key executives?

    Spotify's key executives are Cecilia Qvist, Dawn Ostroff and Daniel Ek.

  • How many employees does Spotify have?

    Spotify has 2,960 employees.

  • What is Spotify revenue?

    Latest Spotify annual revenue is €4.1 b.

  • What is Spotify revenue per employee?

    Latest Spotify revenue per employee is €1.4 m.

  • Who are Spotify competitors?

    Competitors of Spotify include Apple, TIDAL and Deezer.

  • Where is Spotify headquarters?

    Spotify headquarters is located at 19 Regeringsgatan, Norrmalm.

  • Where are Spotify offices?

    Spotify has offices in Norrmalm, Nashville, Munich, Minneapolis and in 40 other locations.

  • How many offices does Spotify have?

    Spotify has 44 offices.