OverviewSuggest Edit

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.
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TypePublic
Founded2006
HQStockholm, SE
Websitespotify.com
Employee Ratings4

Latest Updates

Employees (est.) (Feb 2019)4,040
Job Openings271
Revenue (FY, 2017)€4.1 B(+39%)
Share Price (Feb 2019)$143.5 (+3%)

Key People/Management at Spotify

Cecilia Qvist

Cecilia Qvist

Global Head of Markets
Dawn Ostroff

Dawn Ostroff

Chief Content Officer
Daniel Ek

Daniel Ek

Chairman and CEO
Barry McCarthy

Barry McCarthy

CFO
Martin Lorentzon

Martin Lorentzon

Co-Founder
Katarina Berg

Katarina Berg

Chief Human Resources Officer
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Spotify Office Locations

Spotify has offices in Stockholm, Göteborg, San Francisco, Nashville and in 39 other locations
Stockholm, SE (HQ)
19 Regeringsgatan
Göteborg, SE
Vallgatan 22
Sydney, AU
161 Sussex St
Antwerpen, BE
18 Kammenstraat
Brussels, BE
Square de Meeus 37
São Paulo, BR
442 R. Natingui
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Spotify Financials and Metrics

Spotify Revenue

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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 (Q4, 2018)

1.5b

Gross profit (Q4, 2018)

399.0m

Gross profit margin (Q4, 2018), %

26.7%

Net income (Q4, 2018)

442.0m

EBIT (Q4, 2018)

94.0m

Market capitalization (13-Feb-2019)

25.8b

Closing stock price (13-Feb-2019)

143.5

Cash (31-Dec-2018)

891.0m
Spotify's current market capitalization is $25.8 b.
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1b1.9b3.0b4.1b

Revenue growth, %

45%79%52%39%

Cost of goods sold

910.5m1.7b2.6b3.2b

Gross profit

174.3m226.0m401.0m849.0m
Quarterly
EURQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018

Revenue

619.0m714.0m747.0m872.0m902.0m1.0b1.0b1.1b1.1b1.3b1.4b1.5b

Cost of goods sold

588.0m610.0m634.0m719.0m797.0m775.0m802.0m867.0m856.0m944.0m1.0b1.1b

Gross profit

31.0m104.0m113.0m153.0m105.0m232.0m230.0m282.0m283.0m329.0m342.0m399.0m

Gross profit Margin, %

5%15%15%18%12%23%22%25%25%26%25%27%
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

206.5m597.4m755.0m477.0m891.0m

Accounts Receivable

142.8m163.9m223.0m360.0m400.0m

Current Assets

351.2m870.2m1.9b1.9b2.2b

PP&E

50.7m81.1m85.0m73.0m197.0m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018

Cash

733.0m810.0m1.1b

Accounts Receivable

232.0m324.0m359.0m

Current Assets

1.9b2.1b2.2b

PP&E

68.0m83.0m135.0m
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(188.1m)(230.0m)(539.0m)(1.2b)(78.0m)

Depreciation and Amortization

19.2m30.0m38.0m54.0m32.0m

Accounts Payable

161.2m251.0m245.0m447.0m291.0m

Cash From Operating Activities

(73.5m)(38.0m)101.0m179.0m344.0m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018

Net Income

(169.0m)(563.0m)(520.0m)

Depreciation and Amortization

11.0m17.0m24.0m

Accounts Payable

70.0m148.0m234.0m

Cash From Operating Activities

84.0m114.0m194.0m
EURY, 2018

Revenue/Employee

370.0k

Financial Leverage

2.1 x
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Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 207 m in Q4, 2018.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018

Monthly Active Users

68 m77 m82 m91 m96 m104 m113 m123 m131 m136 m147 m157 m170 m180 m191 m207 m

Premium Subscriptions

18 m22 m24 m28 m30 m36 m40 m48 m52 m59 m62 m71 m75 m83 m87 m96 m

Ad-Supported Monthly Active Users

51 m56 m60 m64 m67 m70 m75 m77 m83 m82 m91 m92 m99 m101 m109 m116 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 b15 b
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Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Anchor FMFebruary 06, 2019
LoudrApril 12, 2018
Soundtrap ABNovember 17, 2017
nilandMay 17, 2017
Mediachain LabsApril 26, 2017
MightyTVMarch 27, 2017
SonalyticMarch 07, 2017
PreactNovember 01, 2016
CrowdAlbumApril 27, 2016
Cord ProjectJanuary 20, 2016
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Spotify Revenue Breakdown

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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

Human Capital Metrics

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Spotify Online and Social Media Presence

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Spotify News and Updates

The Knot Inspires Couples Through the Power of Music With Spotify

NEW YORK, Feb. 11, 2019 /PRNewswire/ -- Today, The Knot announces the launch of the Spotify playlist "Wedding Songs by The Knot," which will serve up musical inspiration for couples across the globe. The first artist to come on board in curating a powerful playlist to inspire and...

Spotify is buying two major podcasting companies

Spotify is buying two major podcasting companies, Gimlet and Anchor. Terms were not announced, but the Gimlet acquisition was reported to be worth some $230 million.The big picture: In total, Spotify intends to spend as much as $500 million on acquisitions this year, to help it expand into "audio — …

If You Use an Ad Blocker on Spotify, Your Account Might Get Terminated

You've got till March 1 before Spotify's new user guidelines kick in.

Full Q&A: Alex Blumberg and Matt Lieber explain why they sold Gimlet to Spotify

Blumberg and Lieber spoke with Recode’s Peter Kafka on the latest episode of Recode Media. On Friday, Recode broke the news that Spotify was in talks to buy the popular New York-based podcast studio Gimlet Media for more than $200 million. On Wednesday, Spotify said it would buy Gimlet — and a…

Why Spotify wants to be like Netflix now

Since its founding in 2006, Spotify’s business model has been simple. It takes music owned by musicians and record labels and lets people listen to…

Spotify Trounces Apple Music in Competition for Streaming Music Service Paid Subscribers

Spotify also reported a 30% rise in quarterly revenue.
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Spotify Company Life and Culture

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Spotify Frequently Asked Questions

  • When was Spotify founded?

    Spotify was founded in 2006.

  • Who are Spotify key executives?

    Spotify's key executives are Cecilia Qvist, Dawn Ostroff and Daniel Ek.

  • How many employees does Spotify have?

    Spotify has 4,040 employees.

  • What is Spotify revenue?

    Latest Spotify annual revenue is €4.1 b.

  • What is Spotify revenue per employee?

    Latest Spotify revenue per employee is €1 m.

  • Who are Spotify competitors?

    Competitors of Spotify include TIDAL, Deezer and Pandora.

  • Where is Spotify headquarters?

    Spotify headquarters is located at 19 Regeringsgatan, Stockholm.

  • Where are Spotify offices?

    Spotify has offices in Stockholm, Göteborg, San Francisco, Nashville and in 39 other locations.

  • How many offices does Spotify have?

    Spotify has 44 offices.