OverviewSuggest Edit
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 | |
| Culture score | C+ | More |
Key People/Management at Spotify
Daniel Ek
Founder, Chief Executive Officer, and Chairman of the Board of Directors
Martin Lorentzon
Co-Founder and Director
Cecilia Qvist
Global Head of Markets
Dawn Ostroff
Chief Content & Advertising Business Officer
Katarina Berg
Chief Human Resources Officer
Gustav Soderstrom
Chief Research & Development Officer
Spotify Office Locations
Spotify has offices in Stockholm, Gothenburg, Atlanta, Birmingham and in 41 other locations
Stockholm, SE (HQ)
19 Regeringsgatan
Stockholm, SE
Birger Jarlsgatan 61, 4tr
Sydney, AU
161 Sussex St
Antwerpen, BE
18 Kammenstraat
Brussels, BE
Square de Meeus 37
São Paulo, BR
442 R. Natingui
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 (Q1, 2020) | 1.8b |
Gross profit (Q1, 2020) | 472.0m |
Gross profit margin (Q1, 2020), % | 25.5% |
Net income (Q1, 2020) | 1.0m |
EBIT (Q1, 2020) | (17.0m) |
Market capitalization (22-May-2020) | 34.8b |
Closing stock price (22-May-2020) | 190.2 |
Cash (31-Mar-2020) | 951.0m |
EV | 34.4b |
Spotify's current market capitalization is $34.8 b.
Annual
Quarterly
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 902.0m | 1.0b | 1.0b | 1.1b | 1.1b | 1.3b | 1.4b | 1.5b | 1.5b | 1.7b | 1.7b | 1.9b | 1.8b |
Cost of goods sold | 797.0m | 775.0m | 802.0m | 867.0m | 856.0m | 944.0m | 1.0b | 1.1b | 1.1b | 1.2b | 1.3b | 1.4b | 1.4b |
Gross profit | 105.0m | 232.0m | 230.0m | 282.0m | 283.0m | 329.0m | 342.0m | 399.0m | 373.0m | 434.0m | 441.0m | 474.0m | 472.0m |
Gross profit Margin, % | 12% | 23% | 22% | 25% | 25% | 26% | 25% | 27% | 25% | 26% | 25% | 26% | 26% |
Annual
Annual
Quarterly
| EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (173.0m) | (361.0m) | (639.0m) | (169.0m) | (563.0m) | (520.0m) | (142.0m) | (218.0m) | 23.0m | 1.0m |
Depreciation and Amortization | 14.0m | 26.0m | 41.0m | 11.0m | 17.0m | 24.0m | 21.0m | 41.0m | 51.0m | 26.0m |
Accounts Payable | 186.0m | 267.0m | 252.0m | 70.0m | 148.0m | 234.0m | 155.0m | 230.0m | 232.0m | (63.0m) |
Cash From Operating Activities | 93.0m | 165.0m | 84.0m | 84.0m | 114.0m | 194.0m | 209.0m | 299.0m | 370.0m | (9.0m) |
| EUR | Y, 2020 |
|---|---|
EV/EBIT | -2 k x |
EV/CFO | -3.8 k x |
Debt/Equity | 0.3 x |
Debt/Assets | 0.1 x |
Financial Leverage | 2.5 x |
P/E Ratio | (950.8) |
Spotify Operating Metrics
Spotify's Monthly Active Users was reported to be 286 m in Q1, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Premium ARPU | €6 | €5 | €5 | €5 | €5 | €5 | €4 | €4 | €4 | €4 | €4 | €4 | €4 | €4 | €4 | €4 | €4 |
Monthly Active Users | 123 m | 131 m | 136 m | 147 m | 157 m | 159 m | 170 m | 180 m | 191 m | 207 m | 207 m | 217 m | 232 m | 248 m | 271 m | 271 m | 286 m |
Premium Subscriptions | 48 m | 52 m | 59 m | 62 m | 71 m | 71 m | 75 m | 83 m | 87 m | 96 m | 96 m | 100 m | 108 m | 113 m | 124 m | 124 m | 130 m |
Ad-Supported Monthly Active Users | 77 m | 82 m | 81 m | 89 m | 90 m | 90 m | 99 m | 101 m | 109 m | 116 m | 116 m | 123 m | 129 m | 141 m | 153 m | 153 m | 163 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 |
Spotify 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
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 Online and Social Media Presence
3.56m Twitter followers
Spotify has 3.56m Twitter Followers. The number of followers has increased 2.1% month over month and increased 5.5% quarter over quarter
Spotify's Trends
Twitter Engagement Stats for @spotify
32k
Tweets
17.8k
Following
3.6m
Followers
637
Tweets last 30 days
345
Avg. likes per Tweet
90.4%
Tweets with engagement
Spotify Company Culture
Overall Culture
C+
69/100
CEO Rating
A+
83/100
Compensation
C
64/100
Diversity
C+
67/100
Spotify News and Updates
May 11, 2020
Spotify officially launches a shared-queue feature called Group Session
Spotify is introducing a new feature, Group Session, that will allow two or more of its Premium users in the same space to share control over the music being played. Essentially a “party mode” of sorts, Group Session participants can control what’s playing in real time as well as contribute to a col…
April 29, 2020
Spotify Q1 2020 monthly active users soar as pandemic keeps people at home consuming content
Despite the COVID-19 pandemic wreaking havoc on many companies’ bottom lines, Spotify announced its business “met or exceeded our forecast for all major metrics” for Q1.
The world’s largest streaming music service has posted its Q1 2020 earnings—and things are looking good for the company. Despite t…
April 23, 2020
Spotify Launches Fundraising Feature for Artists
Spotify is making good on its promise to help connect creators with fans by launching the Artist Fundraising Pick. Musicians can raise money for themselves, their band/crew or another entertainer in need by simply adding a charity link to their Spotify profile.
February 06, 2020
Spotify touches 271M monthly active users, podcasts grow 200 pc
Spotify now has over 700,000 podcast titles on its platform. Podcast content is driving revenues and engagement globally, the company said.
February 05, 2020
Spotify Q4 reports 271M total MAUs on revenues of $2B, podcast listening grows 200%
Streaming music now accounts for more than 80% of all music consumption in key markets like the US, and one of the big leaders in the field is reaping some of the rewards. Spotify reported its Q4 results today, which noted that the company now has 271 million subscribers, up 31% on a year ago, […]
December 30, 2019
Top 100 Apps Of 2019: Netflix, Uber, Spotify, Google Pay, Wish, And More
Shocker: PUBG and Fortnite are not the most popular battle royale games ...
Spotify Blogs
May 12, 2020
Spotify Kids Now Has Two New Features That Let You See and Customize What Your Children Listen To
We created Spotify Kids as a way for young listeners to enjoy a playground of sound—one that also provides parents with peace of mind. From day one of our beta app rollout to today’s launch in Japan and Germany, the Kids experience has prioritized safety and parental control. Between lullabies and b…
May 12, 2020
Cold War Propaganda Meets Music Icons on New Investigative Podcast ‘Wind of Change’
The 1990 hit “Wind of Change” is one of the Scorpions’ most iconic songs—and it has over 247 million streams on Spotify to prove it. But what if the track wasn’t actually written by the German metal band? What if it were actually written by the CIA as Cold War propaganda? After hearing that rumor..…
May 11, 2020
It’s RapCaviar’s Fifth Anniversary—Celebrate by Testing Your Hip-Hop Knowledge
The post It’s RapCaviar’s Fifth Anniversary—Celebrate by Testing Your Hip-Hop Knowledge appeared first on Spotify.
May 08, 2020
From Family Time to Me Time, Here’s How Moms Say They’re Using Music and Podcasts
Mother’s Day is always a special time, yet this year the occasion—and motherhood in general—looks a little different. That’s why Spotify asked more than 3,000 moms in Australia, Canada, and the U.S. how they’re navigating the new normal and how music and podcasts are playing a role. As it turns out,…
April 07, 2020
From Egyptian Pop to Indian Bollywood, R3HAB Tastes the World’s Many Sonic Flavors
These days, Dutch house producer R3HAB is looking past borders and across the seas for inspiration. His songs usually fit along nicely with those of fellow Dutch DJs like Afrojack and Hardwell, delivering pulsing beats with a pop flourish. But recently he teamed up with a force from farther south—Eg…
April 06, 2020
How ‘Joker’ Composer Hildur Guðnadóttir Ventured From Iceland’s Underground to Hollywood’s Red Carpet
When For the Record connected with Hildur Guðnadóttir at her Berlin home, it was a few months after the Icelandic composer had accepted the Best Original Score Oscar for her soundtrack to Todd Phillips’ anti-hero epic, Joker. On its own, the Oscar win would be a life-altering event, but for Guðnadót…
Spotify Frequently Asked Questions
When was Spotify founded?
Spotify was founded in 2006.
Who are Spotify key executives?
Spotify's key executives are Daniel Ek, Martin Lorentzon and Cecilia Qvist.
How many employees does Spotify have?
Spotify has 4,405 employees.
What is Spotify revenue?
Latest Spotify annual revenue is €6.8 b.
What is Spotify revenue per employee?
Latest Spotify revenue per employee is €1.5 m.
Who are Spotify competitors?
Competitors of Spotify include SoundCloud, Pandora and Deezer.
Where is Spotify headquarters?
Spotify headquarters is located at 19 Regeringsgatan, Stockholm.
Where are Spotify offices?
Spotify has offices in Stockholm, Gothenburg, Atlanta, Birmingham and in 41 other locations.
How many offices does Spotify have?
Spotify has 54 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies