Soundtrack your life with Spotify. All your music is here. Spotify gives you millions of songs at your fingertips. The artists you love, the latest hits, and new discoveries just for you. Choose what you want to listen to, or let Spotify surprise you. You can also browse through the music collections of friends, artists and celebrities, or create a radio station and just sit back. On mobile, you can listen to artists, albums and playlists in shuffle mode. On tablet and computer, you can play any song, any time. 

Company Growth (employees)
Type
Private
HQ
Stockholm, SE
Founded
2006
Size (employees)
3,170 (est)+4%
Spotify was founded in 2006 and is headquartered in Stockholm, SE

Key People at Spotify

Martin Lorentzon

Martin Lorentzon

Co-founder
Daniel Ek

Daniel Ek

Co-founder
Alex Norstrom

Alex Norstrom

VP Growth
Angela Watts

Angela Watts

VP, Marketing & Communications
James Duffett-Smith

James Duffett-Smith

Head of Business Affairs
Andy Wiggan

Andy Wiggan

Project Manager- Payment Solutions
Michael Abbattista

Michael Abbattista

Global Head of Telecom/ISP Partnerships
Axel Bringéus

Axel Bringéus

Head of New Markets
Dan Brody

Dan Brody

Head of Asia
Sam Ee

Sam Ee

Lead Product Designer
Marie Suh

Marie Suh

Director of Strategic Partnerships
Kenneth Parks

Kenneth Parks

Chief Content Officer & Managing Director, North America

Spotify Office Locations

Spotify has offices in Stockholm, Paris, Oslo, Madrid and in 37 other locations
Stockholm, SE
Nashville, US
Columbus, US
Gothenburg, SE
Bogotá, CO
Washington, US
Seattle, US
Hamburg, DE
Toronto, CA
Detroit, US
Frankfurt, DE
Sydney, AU
Atlanta, US
Miami, US
Sao Paulo, BR
San Francisco, US
Los Angeles, US
Dallas, US

Spotify Metrics

Spotify Summary

Founding Date

2006

Market valuation*

$8.5 b

Total Funding

$1.6 b

Latest funding size

$500 m

Time since last funding

about 1 year

Investors

* Source: http://graphics.wsj.com/tech-startup-...
We estimate that Spotify's latest funding round in January 2016 was $500 m. In total, Spotify has raised $1.6 b. We estimate that Spotify's latest valuation is $8.5 b.

Spotify Financials

We estimate that Spotify's revenue is €746.9 m in FY, 2013 which is a 31% decrease from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

€746.9 m€1.1 b€1.9 b

Revenue growth, %

45%80%

Cost of goods sold

€614.5 m€876.1 m€1.6 b

Gross profit

€132.3 m€205.6 m€321.7 m

Gross profit Margin, %

17.7%19%16.5%

Sales and marketing expense

€110.8 m€173 m€246.5 m

R&D expense

€72.7 m€121 m€143.3 m

General and administrative expense

€40 m€76.7 m€116.4 m

Operating expense total

€223.5 m€370.7 m€506.2 m

Depreciation and amortization

€9.2 m€19 m€30.8 m

EBIT

(€91.2 m)(€165.1 m)(€184.5 m)

EBIT margin, %

(12.2%)(15.3%)(9.5%)

Interest expense

€2.1 m€18.6 m€11.1 m

Interest income

€39.4 m€25.5 m€28.2 m

Income tax expense

€2.1 m€3.7 m€8.3 m

Pre tax profit

(€53.8 m)(€158.6 m)(€164.8 m)

Net Income

(€55.9 m)(€162.3 m)(€173.1 m)
  • Source: Company Filings, BBC

Spotify Operating Metrics

Mar, 2016Jun, 2016Sep, 2016Mar, 2017

Paying Subscribers

30 m40 m50 m

Active Users

100 m

Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PreactNovember 01, 2016

Spotify Revenue Breakdown

Spotify Job Categories

Spotify Online Presence

Spotify News

Spotify Company Life

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