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)
3,289 (est)+4%
Spotify was founded in 2006 and is headquartered in Stockholm, SE

Key People at Spotify

Daniel Ek

Daniel Ek

Co-founder
Martin Lorentzon

Martin Lorentzon

Co-founder
Alex Norstrom

Alex Norstrom

VP Growth
Angela Watts

Angela Watts

VP, Marketing & Communications
Marie Suh

Marie Suh

Director of Strategic Partnerships
Andy Wiggan

Andy Wiggan

Project Manager- Payment Solutions
Axel Bringéus

Axel Bringéus

Head of New Markets
Sam Ee

Sam Ee

Lead Product Designer
Kenneth Parks

Kenneth Parks

Chief Content Officer & Managing Director, North America

Spotify Office Locations

Spotify has offices in Stockholm, Paris, Oslo, Madrid and in 39 other locations
Stockholm, SE (HQ)
Birger Jarlsgatan 61
Los Angeles, US
Los Angeles, CA
Dallas, US
Dallas, TX
Chicago, US
Chicago, IL
Cambridge, GB
Cambridge, UK
Boston, US
Boston, MA
Mexico City, MX
Paseo de Los Tamarindos 90, Bosques de Las Lomas, 05120 Mexico City
Hong Kong, HK
The Lee Gardens
Singapore, SG
42B Boat Quay, 049831
Istanbul, TR
Buyukdere Cad. 193, 34394
Warszawa, PL
Ul. Zlota 59, 00-120
Amsterdam, NL
Singel 540, 1017AZ
Milan, IT
Corso Italia 1, 20122
Helsinki, FI
Merimiehenkatu 36, FI-00150
Copenhagen, DK
Vestergade 27, 1456
Berlin, DE
Munzstrasse 15, 10178
Antwerp, BE
Kammenstraat 18, 2000
Surry Hills, AU
120 Chalmers Street, NSW 2010
London, GB
25 Argyll Street, W1F 7TU
New York, US
World Trade Center
Madrid, ES
Eloy Gonzalo, 27, 6º
Oslo, NO
St. Olavs plass 2
Paris, FR
166 rue du Faubourg Saint Honoré, 75088

Spotify Metrics

Summary Metrics

Founding Date

2006

Total Funding

$1.6 b

Latest funding size

$500 m

Time since last funding

about 1 year

Investors

Spotify's latest funding round in January 2016 was reported to be $500 m. In total, Spotify has raised $1.6 b. Spotify's latest valuation is reported to be $8.5 b.

Spotify Financial Metrics

Revenue (2015)

€1.9 b

Revenue growth (2014-15), %

80%

Gross profit

€321.7 m

Gross profit margin (2015), %

17%

Net income (2015)

(€173.1 m)

Market valuation

$8.5 b

Cash (31-Dec-2015)

€597.4 m
Spotify's revenue was reported to be €1.9 b in FY, 2015 which is a 79.8% increase 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, %

18%19%17%

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%)(15%)(9%)

Interest expense

€2.1 m€18.6 m€11.1 m

Interest income

€39.4 m€25.5 m€28.2 m

Pre tax profit

(€53.8 m)(€158.6 m)(€164.8 m)

Income tax expense

€2.1 m€3.7 m€8.3 m

Net Income

(€55.9 m)(€162.3 m)(€173.1 m)
  • Source: Company Filings, BBC
Y, 2014Y, 2015

Cash

€206.5 m€597.4 m

Accounts Receivable

€142.8 m€281 m

Inventories

€15.4 m

Current Assets

€349.3 m€893.8 m

PP&E

€50.7 m€81.1 m

Goodwill

€58.5 m€78.3 m

Total Assets

€472.5 m€1.1 b

Accounts Payable

€110.1 m€128.4 m

Total Debt

€4.3 m€10.7 m

Current Liabilities

€394.1 m€749.1 m

Non-Current Liabilities

€8.4 m€13.9 m

Total Liabilities

€402.6 m€763 m

Additional Paid-in Capital

€404.2 m€796.9 m

Retained Earnings

(€389.7 m)(€562.8 m)

Total Equity

€70 m€319 m

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

6.8 x3.4 x

Spotify Operating Metrics

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

Paying Subscribers

30 m40 m50 m

Active Users

100 m

Monthly Unique Users

30.4 m

Monthly Sessions per User

51

Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PreactNovember 01, 2016

Spotify Revenue Breakdown

Spotify Job Categories

Spotify Median Salaries

Source: 117 public H-1B filings from Spotify

Spotify Online Presence

Spotify News

Spotify Company Life

You may also be interested in