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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.

TypePublic
Founded2006
HQStockholm, SEMap
Websitespotify.com
Employee Ratings
4.2
More
Overall CultureBMore

Locations

Spotify is headquartered in
Stockholm, Sweden

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Dec 2019)4,405(+6%)
Job Openings411
Website Visits (May 2021)388 m(+6%)
Revenue (FY, 2019)€6.8 B(+29%)
Share Price (Sept 2021)$242.9
Cybersecurity ratingBMore

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 (15-Sept-2021)$46.65 b
Closing stock price(15-Sept-2021)$242.87
Cash (30-Jun-2020)€1.15 b
EV $46.12 b

Spotify's current market capitalization is $46.7 b.

EURFY, 2016FY, 2017FY, 2018FY, 2019
Revenue3 b4.1 b5.3 b6.8 b
Revenue growth, %52%39%29%29%
Cost of goods sold2.6 b3.2 b3.9 b5 b
Gross profit401 m849 m1.4 b1.7 b
EURQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020
Revenue902 m1 b1 b1.1 b1.1 b1.3 b1.4 b1.5 b1.5 b1.7 b1.7 b1.9 b1.8 b1.9 b
Cost of goods sold797 m775 m802 m867 m856 m944 m1 b1.1 b1.1 b1.2 b1.3 b1.4 b1.4 b1.4 b
Gross profit105 m232 m230 m282 m283 m329 m342 m399 m373 m434 m441 m474 m472 m479 m
Gross profit Margin, %12%23%22%25%25%26%25%27%25%26%25%26%26%25%
show all

EURFY, 2016FY, 2017FY, 2018FY, 2019
Cash755 m477 m891 m1.1 b
Accounts Receivable223 m272 m273 m305 m
Current Assets1.9 b1.9 b2.2 b2.2 b
PP&E85 m73 m197 m291 m
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020
Cash733 m810 m1.1 b966 m909 m877 m951 m1.1 b
Accounts Receivable254 m249 m277 m270 m300 m295 m274 m361 m
Current Assets1.9 b2.1 b2.2 b2.1 b2 b2 b2.1 b2.3 b
PP&E68 m83 m135 m235 m243 m270 m291 m287 m
show all

EURFY, 2016FY, 2017FY, 2018FY, 2019
Net Income(539 m)(1.2 b)(78 m)(186 m)
Depreciation and Amortization38 m54 m32 m87 m
Accounts Receivable(60 m)(112 m)(61 m)(27 m)
Accounts Payable245 m447 m291 m454 m
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020
Net Income(173 m)(361 m)(639 m)(169 m)(563 m)(520 m)(142 m)(218 m)23 m1 m(355 m)
Depreciation and Amortization14 m26 m41 m11 m17 m24 m21 m41 m51 m26 m44 m
Accounts Receivable(40 m)(27 m)(66 m)15 m27 m(2 m)35 m(15 m)(13 m)22 m(17 m)
Accounts Payable186 m267 m252 m70 m148 m234 m155 m230 m232 m(63 m)88 m
show all

EUR
Q2, 2020
EV/EBIT-284.3 x
EV/CFO1582.5 x
Debt/Equity0.3 x
Debt/Assets0.1 x
Financial Leverage2.6 x
P/E Ratio-135.2 x
  • Spotify Market Cap History

  • Spotify Stock Price

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, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Aug, 2020
Premium Churn6.60%5.50%5.90%5.70%5.10%5.50%
Total Daily Active Users to Monthly Active Users42.00%44.00%45.00%43.00%44.00%44.00%
Content Hours per Monthly Active User222324242525
Premium Subscribers (Europe)20 m21 m24 m25 m28 m28 m

Spotify Acquisitions / Subsidiaries

Company NameDateDeal Size
The RingerMarch 06, 2020€170 m
SoundBetterSeptember 12, 2019
ParcastMarch 25, 2019€49 m
Anchor FMFebruary 06, 2019€136 m
Gimlet MediaFebruary 06, 2019$200 m
LoudrApril 12, 2018
Soundtrap ABNovember 17, 2017
nilandMay 17, 2017
Mediachain LabsApril 26, 2017
MightyTVMarch 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

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Spotify Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

Spotify Online and Social Media Presence

Twitter followers

4.48 m Twitter followers

6 Months

Spotify has 4.48 m Twitter Followers. The number of followers has increased 1.23% month over month and increased 6.33% quarter over quarter.

Spotify's Trends

Search term - Spotify

Twitter Engagement Stats for @spotify

  • 35.93 k

    Tweets

  • 17.77 k

    Following

  • 4.48 m

    Followers

  • 288

    Tweets last 30 days

  • 4.1k

    Avg. likes per Tweet

  • 99%

    Tweets with engagement

Spotify Technology StackBuildWith Logo

  • ads

    60 products used

    • Adap.TV
    • Adbrain
    • Adconion
      • Adform
      • Adobe Audience Manager Sync
      • AdRoll
      • Ads.txt
      • Advertising.com
      • Aggregate Knowledge
      • AMob
      • AppNexus
      • AppNexus Direct
      • AppNexus Segment Pixel
      • Bandsintown Amplified
      • Bizo
      • BlueKai
      • BlueKai DMP
      • Campanja
      • Centro
      • comScore Activation
      • Conversant
      • DemDex
      • DoubleClick Bid Manager
      • DoubleClick.Net
      • Drawbridge
      • Evidon
      • eXelate
      • Facebook Custom Audiences
      • Google Adsense
      • Google Direct
      • Google Floodlight Counter
      • Google Publisher Tag
      • Google Remarketing
      • Index Exchange
      • IndexExchange Direct
      • IponWeb BidSwitch
      • Jumptap
      • LinkedIn Ads
      • Magnetic
      • Media Innovation Group
      • Neustar AdAdvisor
      • Openads/OpenX
      • OpenX Direct
      • Pubmatic
      • RadiumOne
      • Rocket Fuel
      • Rubicon Project
      • RubiconProject Direct
      • RubiconProject Reseller
      • SkimLinks
      • Snap Pixel
      • SpotXChange Direct
      • Swoop
      • Tapad
      • Teads
      • The Trade Desk
      • Twitter Ads
      • Yahoo Publisher Network
      • Yahoo Small Business
      • Yield Manager
  • analytics

    58 products used

    • Acxiom
    • Adjust
    • Bing Universal Event Tracking
      • Bizo Insights
      • comScore
      • Datalogix
      • DoubleClick Floodlight
      • Dun and Brandstreet Visitor Intelligence
      • Facebook Conversion Tracking
      • Facebook Domain Insights
      • Facebook Pixel
      • Facebook Signal
      • Facebook Tag API
      • Fastly
      • Global Site Tag
      • Google AdWords Conversion
      • Google Analytics
      • Google Analytics 360 Suite
      • Google Analytics Classic
      • Google Analytics Ecommerce
      • Google Analytics Enhanced Ecommerce
      • Google Analytics Enhanced Link Attribution
      • Google Analytics Forced SSL
      • Google Analytics IP Anonymization
      • Google Analytics with Ad Tracking
      • Google Content Experiments
      • Google Conversion Linker
      • Google Conversion Tracking
      • Google Optimize 360
      • Google Universal Analytics
      • Hotjar
      • Invite Media
      • KISSmetrics
      • Krux Digital
      • LinkedIn Insights
      • LiveRamp
      • Lotame Crowd Control
      • Mixpanel
      • New Relic
      • Optimizely
      • Pardot
      • Pingdom RUM
      • Pinterest Conversion Tracking
      • Quantcast Measurement
      • Rapleaf
      • Segment
      • Sentient ASCEND
      • SessionCam
      • SteelHouse
      • TellApart
      • TikTok Conversion Tracking Pixel
      • Twitter Analytics
      • Twitter Conversion Tracking
      • Twitter Website Universal Tag
      • Visual IQ
      • WordPress Stats
      • Yahoo Dot
      • Yahoo Web Analytics
  • CDN

    19 products used

    • AJAX Libraries API
    • Akamai
    • Amazon S3
      • BootstrapCDN
      • CDN JS
      • Cloudflare
      • Cloudflare JS
      • CloudFront
      • Cloudinary
      • Content Delivery Network
      • Facebook CDN
      • Fastly CDN
      • GStatic Google Static Content
      • jQuery CDN
      • jsDelivr
      • OSS CDN
      • Twitter CDN
      • WordPress Grid
      • Yahoo Image CDN
  • cdns

    3 products used

    • Amazon CloudFront
    • Amazon S3 CDN
    • Fastly Verified CDN
Learn more on BuiltWith

Spotify Company CultureCultureAndCompensation Logo

  • Overall Culture

    B

    70/100

  • CEO Rating

    A+

    81/100

  • Compensation

    C-

    62/100

  • Diversity

    C+

    67/100

Learn more on Comparably

Spotify News and Updates

Sept 13, 2021
Spotify’s Clubhouse clone adds six new weekly shows, some that tie to Spotify playlists
This summer, Spotify launched its live audio app and Clubhouse rival, Spotify Greenroom, with the promises of more programming to come in the months ahead to augment its then primarily user-generated live content. Today, the company is making good on that earlier commitment, with the launch of six new shows on Spotify Greenroom focused on […]
Sept 08, 2021
Spotify playlist curators complain about ongoing abuse that favors bad actors over innocent parties
A number of Spotify playlist curators are complaining that the streaming music company is not addressing the ongoing issue of playlist abuse, which sees bad actors reporting playlists that have gained a following in order to give their own playlists better visibility. Currently, playlists created by Spotify users can be reported in the app for […]
Sept 07, 2021
Thinking about trading options or stock in Match Group, Futu, Spotify, Novavax, or Alibaba?
NEW YORK, Sept. 7, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MTCH, FUTU, SPOT, NVAX, and BABA. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...
Sept 07, 2021
The Ratings Game: Spotify stock surges after KeyBanc says it’s time to buy
_3xOCqShares of Spotify Technology SA surged Tuesday, after KeyBanc Capital analyst Justin Patterson said it's time to buy into the digital music service, citing more evidence to suggest its business is in a stronger position and "compelling" valuation.
Sept 07, 2021
Stocks making the biggest moves premarket: JD.com, Boeing, Moderna, Spotify and more
_3xOCqThese are the stocks posting the largest moves in premarket trading.
Sept 02, 2021
Spotify arrives in Tinkoff mobile app
Spotify has become Tinkoff’s partner in Russia.

Spotify Blogs

Sept 15, 2021
Spotify Is Celebrating the Triumphs of Latinx Artistry With the ‘Aquí Siempre’ Campaign
Today marks the start of Latinx Heritage Month, an annual appreciation of the diverse and dynamic Latinx communities around the world. In honor of this celebration, Spotify is launching Aquí Siempre, an awareness campaign to support our dynamic, bicultural Latinx community and the myriad of musical genres it continues to influence. Our goal is to... Read more » The post Spotify Is Celebrating the Triumphs of Latinx Artistry With the ‘Aquí Siempre’ Campaign appeared first on Spotify.
Sept 13, 2021
Tune in for the Newest Pop Culture, Music, and Playlist-Inspired Shows on Spotify Greenroom
Spotify Greenroom is now available to listeners in over 135 markets around the world, and with it, the innovative new live shows listeners can’t get enough of. From conversations around sports from The Ringer to discussions around music from artists like Pop Smoke, Greenroom has a little bit of something for everyone—and that’s even more... Read more » The post Tune in for the Newest Pop Culture, Music, and Playlist-Inspired Shows on Spotify Greenroom appeared first on Spotify.
Sept 13, 2021
Celebrating 7 Years of Spotify’s Flagship K-pop Playlist, K-Pop Daebak
On September 12, 2014, Spotify unveiled K-Pop Daebak, a first-of-its-kind playlist that became home to the K-pop genre on Spotify. Since then, it’s racked up nearly 5.3 billion minutes of streaming and 1.7 billion accumulated stream counts, and introduced approximately 70,000 tracks worldwide. Today, seven years later, it has over 3.1 million followers on Spotify,... Read more » The post Celebrating 7 Years of Spotify’s Flagship K-pop Playlist, K-Pop Daebak appeared first on Spotify.
Sept 09, 2021
Get Perfect Song Recommendations in the Playlists You Create with Enhance
Avid playlist creators know: Some playlists come together without a hitch. With others, though, it may prove more difficult to find tracks that fit the tone or mood—or you might be looking to broaden your horizons and add new songs and artists. For those listeners who need some assistance while adding tracks to a new... Read more » The post Get Perfect Song Recommendations in the Playlists You Create with Enhance appeared first on Spotify.
Sept 08, 2021
Kacey Musgraves and Spotify Took Fans Back in Time With a ’90s-Inspired Pre-Album Event Experience
The stars aligned yesterday for Kacey Musgraves’s top fans living in the Nashville area. Ahead of the singer’s highly anticipated fifth studio album, star-crossed, Spotify partnered with Kacey to create an exclusive and immersive fan experience. The album, releasing on September 10, will invoke ’90s sounds and themes to take listeners on Kacey’s journey through... Read more » The post Kacey Musgraves and Spotify Took Fans Back in Time With a ’90s-Inspired Pre-Album Event Experience appeared first on Spotify.
Sept 08, 2021
LatinX Podcasters Can Sign Up To Tell Their Stories in the Newest Sound Up U.S. Program
For this golden age of audio to truly shine, it has to include all of us. That’s why, several years ago, Spotify created Sound Up, a global program that gives underrepresented podcasters the tools to boost their platforms and build their own shows. Since 2018, we’ve expanded the program from the U.S. across continents, to... Read more » The post LatinX Podcasters Can Sign Up To Tell Their Stories in the Newest Sound Up U.S. Program appeared first on Spotify.

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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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