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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 Openings364
Website Visits (May 2021)388 m(+6%)
Revenue (FY, 2019)€6.8 B(+29%)
Share Price (Jun 2021)$243.7(-1%)
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 (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.

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 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Spotify Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

Spotify Online and Social Media Presence

Twitter followers

4.28 m Twitter followers

6 Months

Spotify has 4.28 m Twitter Followers. The number of followers has increased 2.07% month over month and increased 6.14% quarter over quarter.

Spotify's Trends

Search term - Spotify

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 StackBuildWith 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
Learn more on BuiltWith

Spotify Company CultureCultureAndCompensation Logo

  • Overall Culture

    B

    70/100

  • CEO Rating

    A+

    83/100

  • Compensation

    C

    63/100

  • Diversity

    C+

    67/100

Learn more on Comparably

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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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