Spotify
ProfileJobs (225)

Spotify

Suggest Edit
    • Media & EntertainmentTechnologymusicstreaming
    Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Its services allow subscribers to search and discover music collections of friends, artists, and celebrities; build a personal collection playlist; and share music on Spotify, Facebook, Twitter, blog, and via email with friends. The Company also allows artists to post tracks on social networks, share them with fans, and promote career.
    Revenue(FY, 2017)
    €4.1 B
    Market capitalization(2018-08-14)
    $34.8 B
    Monthly Active Users(Q2, 2018)
    180 M
    Type
    Public
    HQ
    Stockholm, SE
    Founded
    2006
    Size (employees)
    2,960 (est)+43%
    Website
    spotify.com
    Spotify was founded in 2006 and is headquartered in Stockholm, SE
    Report incorrect company information

    Key People/Management at Spotify

    Daniel Ek

    Daniel Ek

    Chairman and CEO
    Barry McCarthy

    Barry McCarthy

    CFO
    Martin Lorentzon

    Martin Lorentzon

    Co-Founder
    Seth Farbman

    Seth Farbman

    Chief Marketing Officer
    Andy Wiggan

    Andy Wiggan

    Director of Payments
    Sam Ee

    Sam Ee

    Design Director
    Show more

    Spotify Office Locations

    Spotify has offices in New York, Toronto, São Paulo , Mexico City and in 40 other locations
    Stockholm, SE (HQ)
    Regeringsgatan 19
    Gothenburg, SE
    Vallgatan 22
    Surry Hills, AU
    120 Chalmers Street, NSW
    Sydney, AU
    161 Sussex St
    Antwerp, BE
    Kammenstraat 18, 2000
    São Paulo , BR
    R. Natingui, 442 - Sala 05 - Vila Madalena
    Show all (47)
    Report incorrect company information

    Spotify Financials and Metrics

    Spotify Revenue

    Embed Graph
    Spotify's revenue was reported to be €4.09 b in FY, 2017 which is a 38.6% increase from the previous period.
    EUR

    Revenue (Q2, 2018)

    		1.3 b

    Gross profit (Q2, 2018)

    		329 m

    Gross profit margin (Q2, 2018), %

    		25.8%

    Net income (Q2, 2018)

    		(394 m)

    EBIT (Q2, 2018)

    		(90 m)

    Market capitalization (14-Aug-2018)

    		34.8 b

    Closing stock price (14-Aug-2018)

    		193.8

    Cash (30-Jun-2018)

    		810 m
    Spotify's current market capitalization is $34.8 b.
    Annual
    EURFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		1.1 b1.9 b3 b4.1 b

    Revenue growth, %

    		45%79%52%39%

    Cost of goods sold

    		910.5 m1.7 b2.6 b3.2 b

    Gross profit

    		174.3 m226 m401 m849 m
    Quarterly
    EURQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018

    Revenue

    		619 m714 m747 m872 m902 m1 b1 b1.1 b1.1 b1.3 b

    Cost of goods sold

    		588 m610 m634 m719 m797 m775 m802 m867 m856 m944 m

    Gross profit

    		31 m104 m113 m153 m105 m232 m230 m282 m283 m329 m

    Gross profit Margin, %

    		5%15%15%18%12%23%22%25%25%26%
    show all
    Annual
    EURFY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		206.5 m597.4 m755 m477 m

    Accounts Receivable

    		142.8 m163.9 m223 m272 m

    Current Assets

    		351.2 m870.2 m1.9 b1.9 b

    PP&E

    		50.7 m81.1 m85 m73 m
    Quarterly
    EURQ1, 2018Q2, 2018

    Cash

    		733 m810 m

    Accounts Receivable

    		232 m324 m

    Current Assets

    		1.9 b2.1 b

    PP&E

    		68 m83 m
    show all
    Annual
    EURFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		(188.1 m)(230 m)(539 m)(1.2 b)

    Depreciation and Amortization

    		19.2 m30 m38 m54 m

    Accounts Payable

    		161.2 m251 m245 m447 m

    Cash From Operating Activities

    		(73.5 m)(38 m)101 m179 m
    Quarterly
    EURQ1, 2018Q2, 2018

    Net Income

    		(169 m)(563 m)

    Depreciation and Amortization

    		11 m17 m

    Accounts Payable

    		70 m148 m

    Cash From Operating Activities

    		84 m114 m
    show all
    EURY, 2018

    Financial Leverage

    		3.4 x
    Show all financial metrics

    Spotify Operating Metrics

    Spotify's Monthly Active Users was reported to be 180 m in Q2, 2018.
    Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

    Monthly Active Users

    		68 m77 m82 m91 m96 m104 m113 m123 m131 m136 m147 m157 m170 m180 m

    Premium Subscriptions

    		18 m22 m24 m28 m30 m36 m40 m48 m52 m59 m62 m71 m75 m83 m

    Ad-Supported Monthly Active Users

    		51 m56 m60 m64 m67 m70 m75 m77 m83 m82 m91 m92 m99 m101 m

    Content, hours

    		3.70 b4.20 b4.50 b5.10 b17.40 b5.70 b6.40 b6.90 b7.70 b26.70 b8.70 b9.60 b10.20 b11.20 b39.80 b
    Show all operating metrics

    Spotify Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    Loudr (12)April 12, 2018
    Soundtrap AB November 17, 2017
    niland May 17, 2017
    Mediachain Labs April 26, 2017
    MightyTV (9)March 27, 2017
    Sonalytic March 07, 2017
    Preact (13)November 01, 2016
    CrowdAlbum April 27, 2016
    Cord Project January 20, 2016
    Soundwave (27)January 20, 2016
    Show more

    Spotify Revenue Breakdown

    Embed Graph

    Spotify revenue breakdown by business segment: 10.2% from Ad-Supported and 89.8% from Premium

    Spotify revenue breakdown by geographic segment: 50.5% from Other Countries, 10.9% from United Kingdom, 38.6% from United States and 0.1% from Other

    Report incorrect company information

    Competitors

    Slacker Radio
    Media & Entertainment - Subsidiary
    SoundCloud
    Media & Entertainment - Private
    8tracks Radio
    Media & Entertainment - Private
    Pandora
    Media & Entertainment - Public
    Deezer
    Media & Entertainment - Private
    TIDAL
    Media & Entertainment - Subsidiary
    Compare competitors

    Spotify Online and Social Media Presence

    Embed Graph
    Report incorrect company information

    Spotify News and Updates

    August 15, 2018

    Spotify is falling behind on lyrics and voice

    Spotify’s lack of full lyrics support and its minimal attention to voice are beginning to become problems for the streaming service. The company has been so focused on the development of its personalization technology and programming its playlists, it has overlooked key features that its competitors…
    August 14, 2018

    Tiger Cubs Tune Into Spotify, PointState Likes Facebook: 13Fs

    Tiger Cubs Tune Into Spotify, PointState Likes Facebook: 13Fs
    August 14, 2018

    Spotify's $8 Billion Rally Is Attracting Loads of Hedge Funds

    Spotify's $8 Billion Rally Is Attracting Loads of Hedge Funds
    August 14, 2018

    Julian Robertson's Tiger fund boosts equity bets in Q2 as it buys Spotify stock, adds to Twitter stake

    Billionaire investor Julian Robertson's hedge fund, Tiger Global Management, bought a new 12.8 million share stake in Spotify Technology S.A. during the second quarter, according to the fund's latest 13F filing with the Securities and Exchange Commission. Spotify went public on April 3. Among some o…
    August 14, 2018

    Employees at Spotify rarely work the same job for more than 2 years — and the CEO says that's on purpose

    Spotify jobs aren't static, according to CEO Daniel Ek. He told Fast Company that he views jobs as "tours of duty," just like LinkedIn founder Reid Hoffman. At Spotify, while your title might stay the same, the actual work you're doing will almost certainly change over time. In a recent intervie…
    August 14, 2018

    Why Spotify could be bigger than Pandora in the U.S. in less than 5 years

    The battlelines have been drawn in your ears. It might be a good time to buy some Spotify stock. eMarketer thinks the streaming music giant will have more U.S. users than that other streaming music giant, Pandora, by 2022.Read Full Story
    Show more
    Report incorrect company information

    Spotify Company Life and Culture

    Report incorrect company information
    Download PDF