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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 CultureC+More

Locations

Spotify is headquartered in
Stockholm, Sweden

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Dec 2019)4,405(+6%)
Job Openings343
Website Visits (Jan 2021)353 m(-7%)
Revenue (FY, 2019)€6.8 B(+29%)
Share Price (Apr 2021)$273.1(+2%)
Cybersecurity ratingAMore

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 (01-Apr-2021)$52.11 b
Closing stock price(01-Apr-2021)$273.1
Cash (30-Jun-2020)€1.15 b
EV $51.57 b

Spotify's current market capitalization is $52.1 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

A

90/100

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

4.13 m Twitter followers

6 Months

Spotify has 4.13 m Twitter Followers. The number of followers has increased 0.82% month over month and increased 2.50% quarter over quarter.

Spotify's Trends

Search term - Spotify

Twitter Engagement Stats for @spotify

  • 34.86 k

    Tweets

  • 17.78 k

    Following

  • 4.13 m

    Followers

  • 243

    Tweets last 30 days

  • 2.8k

    Avg. likes per Tweet

  • 99.2%

    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

    C+

    69/100

  • CEO Rating

    A+

    84/100

  • Compensation

    C

    64/100

  • Diversity

    C+

    68/100

Learn more on Comparably

Spotify News and Updates

Mar 31, 2021
Spotify adds three new types of personalized playlists with launch of ‘Spotify Mixes’
Spotify this morning announced it’s significantly expanding its selection of personalized playlists with the addition of three new categories of playlists under the heading of “Spotify Mixes.” This collection will include artist mixes, genre mixes, and decade mixes — meaning you’ll gain access to a sizable number of new mixes with easy-to-understand titles, like 2010s […]
Mar 31, 2021
Spotify jumps into the live audio game, acquires LA-based Betty Labs
_3xOCqStockholm-based, love ‘em or hate ‘em music platform Spotify has signaled their entry to the love audio game through the acquisition of Los Angeles based Betty Labs. Spotify did not disclose the terms of the deal. Betty Labs is the name behind Locker Room, the live audio app that caters to sports fans. Spotify comments […] The post Spotify jumps into the live audio game, acquires LA-based Betty Labs appeared first on Tech.eu.
Mar 30, 2021
Spotify is getting into live audio because of course it is
Shares of Spotify are up a fraction this morning after the company announced that it will acquire Betty Labs, the company behind the Locker Room, which focuses on live audio. Prior to the deal, Betty Labs had raised more than $9 million, per Crunchbase data. Spotify is best known for its music streaming business, but […]
Mar 30, 2021
Spotify jumps into the hot live audio trend with acquisition of Clubhouse rival Betty Labs
_3xOCqThe company said it's acquiring Betty Labs, the creators of live audio social app Locker Room that's focused on sports.
Mar 25, 2021
Spotify rolls out redesigned desktop and web apps
Spotify today announced it’s rolling out a new look for its streaming service on the desktop, with the launch of a redesigned app for both Mac and Windows, as well as an updated web app. The changes, which will be made available to all global users, focus on improving the navigation and providing users with […]
Mar 23, 2021
Spotify, Etsy, Goop, Patagonia, and others say Congress should pass national paid family leave
_3xOCqClose to 200 companies have signed a letter asking Congress to create permanent paid family and medical leave as part of the economic recovery package. Close to 200 companies have signed a letter asking Congress to create permanent paid family and medical leave as part of the Biden administration’s economic recovery package.Read Full Story

Spotify Blogs

Apr 01, 2021
Laugh Along to Three New Comedy Podcasts Coming to Spotify
In a year where people have come to expect the unexpected, comedy podcasts can provide a welcome respite with laughter and lighthearted listening.  Spotify has three new podcasts for those looking for their next dose of humor. Read on for a little about each one, as well as a short Q&A with the creators, guests,... Read more » The post Laugh Along to Three New Comedy Podcasts Coming to Spotify appeared first on Spotify.
Mar 31, 2021
Spotify Opens Doors for More Underrepresented Podcasters Through New Sound Up Programs
Diversity has long been a weak point for podcasting. Yet in order 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. ... Read more » The post Spotify Opens Doors for More Underrepresented Podcasters Through New Sound Up Programs appeared first on Spotify.
Mar 31, 2021
Introducing New Spotify Mixes: Personalized Playlists Featuring Your Favorite Artists, Genres, and Decades
Recently, we’ve been working on a new family of personalized playlists: Spotify Mixes. These mixes, built with you in mind, start with the songs you like and update with songs we think you’ll love. They’ll be rolling out starting today to Spotify users globally. Sound familiar? It is: Spotify Mixes were inspired by Daily Mix,... Read more » The post Introducing New Spotify Mixes: Personalized Playlists Featuring Your Favorite Artists, Genres, and Decades appeared first on Spotify.
Mar 30, 2021
Spotify Acquires Locker Room and Announces Plans for a New Live Audio Experience
During Spotify’s first-ever Stream On event last month, we explored the journey of creation, the promise of interactivity, and the investments we’re making to further unlock audio’s potential. Today, we are announcing that Spotify has acquired Betty Labs, the creators of Locker Room, a live audio app that’s changing the way insiders and fans talk... Read more » The post Spotify Acquires Locker Room and Announces Plans for a New Live Audio Experience appeared first on Spotify.
Mar 29, 2021
Run to Spotify’s Workout Hub for All-New Celebrity-Inspired Playlists
Ever finished a workout class, then DMed the instructor to ask for the pitch-perfect mix they played during your ride? Or maybe you’ve found yourself struggling to create the perfect playlist to help you get motivated for a run and wished you had someone (or a studio) to do it for you.  Look no further.... Read more » The post Run to Spotify’s Workout Hub for All-New Celebrity-Inspired Playlists appeared first on Spotify.
Mar 25, 2021
Introducing a New Spotify Experience Across Desktop App and Web Player
At Spotify, we’re always looking for ways to provide the best possible experience so our listeners can consistently discover and enjoy music and podcasts—and that includes look, feel, and functionality. We constantly test, develop, and launch new features, optimize for new devices, and look to expand our content offering. Yet along the way, we felt... Read more » The post Introducing a New Spotify Experience Across Desktop App and Web Player 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 SoundCloud, Pandora and Deezer.
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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