Craft

Spotify

Stock Price

$309

2024-06-10

Market Capitalization

$59 B

2024-05-29

Revenue

€13.2 B

FY, 2023

Spotify Summary

Company Summary

Overview
Spotify Technology is a provider of commercial music streaming services that offer 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, blogs, and via email with friends. The company also allows artists to post tracks on social networks, share them with fans, etc.
Type
Public
Status
Active
Founded
2006
HQ
Stockholm, SE | view all locations
Website
https://investors.spotify.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Daniel Ek
  • Paul Vogel

    Paul Vogel, Chief Financial Officer

  • Katarina Berg

    Katarina Berg, Chief Human Resources Officer

  • Gustav Söderström

    Gustav Söderström, Co-President, Chief Product & Technology Officer

Operating MetricsView all

Tracks

70M

FY, 2020

Podcasts on the Platform

2.2M

FY, 2020

Premium ARPU

€4.6

Q3, 2023

LocationsView all

18 locations detected

  • Stockholm, Stockholms län HQ

    Sweden

    Regeringsgatan 19

  • Boston, MA

    United States

    3 Center Plz

  • New York, NY

    United States

    Four World Trade Center, 150 Greenwich St 62nd Floor

  • San Francisco, CA

    United States

    425 California St, San Francisco

  • Sydney, NSW

    Australia

    171 Sussex St

  • Brussels, Bruxelles

    Belgium

    Square de Meeus 37

and 12 others

Spotify Financials

Summary Financials

Revenue (Q1, 2024)
€3.6B
Gross profit (Q1, 2024)
€1.0B
Net income (Q1, 2024)
€197.0M
Cash (Q1, 2024)
€3.5B
EBIT (Q1, 2024)
€168.0M
Enterprise value
$56.8B

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