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Spotify
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.
| Type | Public | |
| Founded | 2006 | |
| HQ | Stockholm, SE | Map |
| Website | spotify.com | |
| Employee Ratings |   | More |
| Overall Culture | B | More |
Locations
Table of Contents
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.
| 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 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 902 m | 1 b | 1 b | 1.1 b | 1.1 b | 1.3 b | 1.4 b | 1.5 b | 1.5 b | 1.7 b | 1.7 b | 1.9 b | 1.8 b | 1.9 b |
| Cost of goods sold | 797 m | 775 m | 802 m | 867 m | 856 m | 944 m | 1 b | 1.1 b | 1.1 b | 1.2 b | 1.3 b | 1.4 b | 1.4 b | 1.4 b |
| Gross profit | 105 m | 232 m | 230 m | 282 m | 283 m | 329 m | 342 m | 399 m | 373 m | 434 m | 441 m | 474 m | 472 m | 479 m |
| Gross profit Margin, % | 12% | 23% | 22% | 25% | 25% | 26% | 25% | 27% | 25% | 26% | 25% | 26% | 26% | 25% |
| EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | (173 m) | (361 m) | (639 m) | (169 m) | (563 m) | (520 m) | (142 m) | (218 m) | 23 m | 1 m | (355 m) |
| Depreciation and Amortization | 14 m | 26 m | 41 m | 11 m | 17 m | 24 m | 21 m | 41 m | 51 m | 26 m | 44 m |
| Accounts Receivable | (40 m) | (27 m) | (66 m) | 15 m | 27 m | (2 m) | 35 m | (15 m) | (13 m) | 22 m | (17 m) |
| Accounts Payable | 186 m | 267 m | 252 m | 70 m | 148 m | 234 m | 155 m | 230 m | 232 m | (63 m) | 88 m |
EUR
Q2, 2020
| EV/EBIT | -284.3 x |
| EV/CFO | 1582.5 x |
| Debt/Equity | 0.3 x |
| Debt/Assets | 0.1 x |
| Financial Leverage | 2.6 x |
| P/E Ratio | -135.2 x |
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, 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 | Q2, 2020 | Aug, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Premium Churn | 6.60% | 5.50% | 5.90% | 5.70% | 5.10% | 5.50% | |||||||||||||
| Total Daily Active Users to Monthly Active Users | 42.00% | 44.00% | 45.00% | 43.00% | 44.00% | 44.00% | |||||||||||||
| Content Hours per Monthly Active User | 22 | 23 | 24 | 24 | 25 | 25 | |||||||||||||
| Premium Subscribers (Europe) | 20 m | 21 m | 24 m | 25 m | 28 m | 28 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 |
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
Spotify Website Traffic
Alexa Website Rank
Total Visits per monthSimilarWeb
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 Stack![BuildWith 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
Spotify Company Culture![CultureAndCompensation Logo]()
Overall Culture
B
70/100
CEO Rating
A+
81/100
Compensation
C-
62/100
Diversity
C+
67/100
Spotify News and Updates
Sept 13, 2021
Spotify’s Clubhouse clone adds six new weekly shows, some that tie to Spotify playlistsThis 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 partiesA 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
Shares 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
These are the stocks posting the largest moves in premarket trading.
Spotify Blogs
Sept 15, 2021
Spotify Is Celebrating the Triumphs of Latinx Artistry With the ‘Aquí Siempre’ CampaignToday 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 GreenroomSpotify 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 DaebakOn 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 EnhanceAvid 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 ExperienceThe 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. ProgramFor 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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View company- 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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