Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Users can browse through the interface by artist, album, genre, playlist, record label, and direct searches. It also enables individuals to create, share, and edit playlists with other users. If users want recommendations, they can integrate their system with Last.fm, an application that provides music recommendations based on listening history. The radio feature installed in Spotify creates random playlists for its users that are related to preferred artists. Spotify is available for mobile device platforms such as Android, Blackberry, Boxee, iOS, Linux, MeeGo, Squeezebox, Windows mobile, and more.
Company Growth (employees)
Type
Private
HQ
Stockholm, SE
Founded
2006
Size (employees)
3,676 (est)+5%
Spotify was founded in 2006 and is headquartered in Stockholm, SE

Key People at Spotify

Daniel Ek

Daniel Ek

Chairman and CEO
Martin Lorentzon

Martin Lorentzon

Co-founder
Alex Norstrom

Alex Norstrom

Chief Business Officer
Axel Bringéus

Axel Bringéus

Head of New Markets
Marie Suh

Marie Suh

Director of Strategic Partnerships
Andy Wiggan

Andy Wiggan

Director of Payments
Kenneth Parks

Kenneth Parks

Chief Content Officer & Managing Director, North America
Sam Ee

Sam Ee

Design Director
Angela Watts

Angela Watts

VP, Marketing & Communications

Spotify Office Locations

Spotify has offices in Stockholm, Paris, Oslo, Madrid and in 36 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
Show all (40)

Spotify Data and Metrics

Summary Metrics

Spotify's latest funding round in March 2016 was reported to be $1 b. In total, Spotify has raised $2.6 b. Spotify's latest valuation is reported to be $8.5 b.

Spotify Financial Metrics

Spotify's revenue was reported to be $2.9 b in FY, 2016 which is a 49% increase from the previous period.
USD

Revenue (FY, 2016)

2.9 b

Revenue growth (FY, 2015 - FY, 2016), %

49%

Net income (FY, 2016)

(300 m)

Market valuation

8.5 b

Cash (31-Dec-2015)

597.4 m

EV

7.9 b
EURFY, 2013FY, 2014FY, 2015FY, 2016E

Revenue

746.9 m1.1 b1.9 b2.9 b

Revenue growth, %

45%80%49%

Cost of goods sold

614.5 m876.1 m1.6 b

Gross profit

132.3 m205.6 m321.7 m

Gross profit Margin, %

18%19%17%

Sales and marketing expense

110.8 m173 m246.5 m

R&D expense

72.7 m121 m143.3 m

General and administrative expense

40 m76.7 m116.4 m

Operating expense total

223.5 m370.7 m506.2 m

Depreciation and amortization

9.2 m19 m30.8 m

EBIT

(91.2 m)(165.1 m)(184.5 m)

EBIT margin, %

(12%)(15%)(9%)

Interest expense

2.1 m18.6 m11.1 m

Interest income

39.4 m25.5 m28.2 m

Pre tax profit

(53.8 m)(158.6 m)(164.8 m)

Income tax expense

2.1 m3.7 m8.3 m

Net Income

(55.9 m)(162.3 m)(173.1 m)(300 m)
EURY, 2014Y, 2015

Cash

206.5 m597.4 m

Accounts Receivable

142.8 m281 m

Inventories

15.4 m

Current Assets

349.3 m893.8 m

PP&E

50.7 m81.1 m

Goodwill

58.5 m78.3 m

Total Assets

472.5 m1.1 b

Accounts Payable

110.1 m128.4 m

Total Debt

4.3 m10.7 m

Current Liabilities

394.1 m749.1 m

Non-Current Liabilities

8.4 m13.9 m

Total Liabilities

402.6 m763 m

Additional Paid-in Capital

404.2 m796.9 m

Retained Earnings

(389.7 m)(562.8 m)

Total Equity

70 m319 m

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

6.8 x3.4 x
USDY, 2016

Revenue/Employee

1.4 m

Spotify Operating Metrics

Spotify's Paying Subscribers was reported to be 50 m in Jun, 2017. Spotify's Active Users was reported to be 140 m in Jun, 2017. Spotify's Monthly Unique Users was reported to be 30.4 m in Mar, 2017
Mar, 2016Jun, 2016Sep, 2016Dec, 2016Mar, 2017Jun, 2017

Paying Subscribers

30 m40 m50 m50 m

Active Users

100 m126 m140 m

Monthly Unique Users

30.4 m

Monthly Sessions per User

51

Tracks

30 m

Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Mediachain LabsApril 26, 2017
PreactNovember 01, 2016

Spotify Revenue Breakdown

Spotify Median Salaries

Source: 117 public H-1B filings from Spotify

Spotify Online and Social Media Presence

Spotify News and Updates

Spotify Company Life and Culture

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