OverviewSuggest Edit

Spotify is a provider of commercial music streaming service that offers restricted digital content from a range of record labels and artists. It enables subscribers to search and discover music collections of friends, artists, and celebrities, build a personal collection playlist and share music on social media, blog, and via email with friends. The company also allows artists to post tracks on social networks, share them with fans, etc.

TypePublic
Founded2006
HQStockholm, SE
Websitespotify.com
Employee Ratings3.7
Culture scoreC+

Latest Updates

Employees (est.) (Dec 2019)4,405(+6%)
Job Openings248
Revenue (FY, 2019)€6.8 B(+29%)
Share Price (May 2020)$190.2 (-1%)

Key People/Management at Spotify

Daniel Ek

Daniel Ek

Founder, Chief Executive Officer, and Chairman of the Board of Directors
Martin Lorentzon

Martin Lorentzon

Co-Founder and Director
Cecilia Qvist

Cecilia Qvist

Global Head of Markets
Dawn Ostroff

Dawn Ostroff

Chief Content & Advertising Business Officer
Katarina Berg

Katarina Berg

Chief Human Resources Officer
Gustav Soderstrom

Gustav Soderstrom

Chief Research & Development Officer
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Spotify Office Locations

Spotify has offices in Stockholm, Gothenburg, Atlanta, Birmingham and in 41 other locations
Stockholm, SE (HQ)
19 Regeringsgatan
Stockholm, SE
Birger Jarlsgatan 61, 4tr
Sydney, AU
161 Sussex St
Antwerpen, BE
18 Kammenstraat
Brussels, BE
Square de Meeus 37
São Paulo, BR
442 R. Natingui
Show all (54)

Spotify Financials and Metrics

Spotify Revenue

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View revenue for all periods
Spotify's revenue was reported to be €6.76 b in FY, 2019 which is a 28.6% increase from the previous period.
EUR

Revenue (Q1, 2020)

1.8b

Gross profit (Q1, 2020)

472.0m

Gross profit margin (Q1, 2020), %

25.5%

Net income (Q1, 2020)

1.0m

EBIT (Q1, 2020)

(17.0m)

Market capitalization (22-May-2020)

34.8b

Closing stock price (22-May-2020)

190.2

Cash (31-Mar-2020)

951.0m

EV

34.4b
Spotify's current market capitalization is $34.8 b.
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.0b4.1b5.3b6.8b

Revenue growth, %

52%39%29%29%

Cost of goods sold

2.6b3.2b3.9b5.0b

Gross profit

401.0m849.0m1.4b1.7b
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020

Revenue

902.0m1.0b1.0b1.1b1.1b1.3b1.4b1.5b1.5b1.7b1.7b1.9b1.8b

Cost of goods sold

797.0m775.0m802.0m867.0m856.0m944.0m1.0b1.1b1.1b1.2b1.3b1.4b1.4b

Gross profit

105.0m232.0m230.0m282.0m283.0m329.0m342.0m399.0m373.0m434.0m441.0m474.0m472.0m

Gross profit Margin, %

12%23%22%25%25%26%25%27%25%26%25%26%26%
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Cash

755.0m477.0m891.0m1.1b

Accounts Receivable

223.0m272.0m273.0m305.0m

Current Assets

1.9b1.9b2.2b2.2b

PP&E

85.0m73.0m197.0m291.0m
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

733.0m810.0m1.1b966.0m909.0m877.0m951.0m

Accounts Receivable

254.0m249.0m277.0m270.0m300.0m295.0m274.0m

Current Assets

1.9b2.1b2.2b2.1b2.0b2.0b2.1b

PP&E

68.0m83.0m135.0m235.0m243.0m270.0m291.0m
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(539.0m)(1.2b)(78.0m)(186.0m)

Depreciation and Amortization

38.0m54.0m32.0m87.0m

Accounts Payable

245.0m447.0m291.0m454.0m

Cash From Operating Activities

101.0m179.0m344.0m573.0m
Quarterly
EURQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(173.0m)(361.0m)(639.0m)(169.0m)(563.0m)(520.0m)(142.0m)(218.0m)23.0m1.0m

Depreciation and Amortization

14.0m26.0m41.0m11.0m17.0m24.0m21.0m41.0m51.0m26.0m

Accounts Payable

186.0m267.0m252.0m70.0m148.0m234.0m155.0m230.0m232.0m(63.0m)

Cash From Operating Activities

93.0m165.0m84.0m84.0m114.0m194.0m209.0m299.0m370.0m(9.0m)
EURY, 2020

EV/EBIT

-2 k x

EV/CFO

-3.8 k x

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.5 x

P/E Ratio

(950.8)
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Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 286 m in Q1, 2020.
FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020

Premium ARPU

€6 €5 €5 €5 €5 €5 €4 €4 €4 €4 €4 €4 €4 €4 €4 €4 €4

Monthly Active Users

123 m131 m136 m147 m157 m159 m170 m180 m191 m207 m207 m217 m232 m248 m271 m271 m286 m

Premium Subscriptions

48 m52 m59 m62 m71 m71 m75 m83 m87 m96 m96 m100 m108 m113 m124 m124 m130 m

Ad-Supported Monthly Active Users

77 m82 m81 m89 m90 m90 m99 m101 m109 m116 m116 m123 m129 m141 m153 m153 m163 m
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Spotify Acquisitions / Subsidiaries

Company NameDateDeal Size
The RingerMarch 06, 2020€170 m
SoundBetterSeptember 12, 2019
ParcastMarch 25, 2019€49 m
Anchor FMFebruary 06, 2019€136 m
Gimlet MediaFebruary 06, 2019$200 m
LoudrApril 12, 2018
Soundtrap ABNovember 17, 2017
nilandMay 17, 2017
Mediachain LabsApril 26, 2017
MightyTVMarch 27, 2017
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Spotify Revenue Breakdown

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Spotify revenue breakdown by business segment: 10.0% from Ad-Supported and 90.0% from Premium

Spotify revenue breakdown by geographic segment: 51.6% from Other Countries, 10.7% from United Kingdom, 37.6% from United States and 0.1% from Other

Show all human capital metrics

Spotify Online and Social Media Presence

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Spotify Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    A+

    83/100

  • Compensation

    C

    64/100

  • Diversity

    C+

    67/100

Learn more on Comparably

Spotify News and Updates

Spotify officially launches a shared-queue feature called Group Session

Spotify is introducing a new feature, Group Session, that will allow two or more of its Premium users in the same space to share control over the music being played. Essentially a “party mode” of sorts, Group Session participants can control what’s playing in real time as well as contribute to a col…

Spotify Q1 2020 monthly active users soar as pandemic keeps people at home consuming content

Despite the COVID-19 pandemic wreaking havoc on many companies’ bottom lines, Spotify announced its business “met or exceeded our forecast for all major metrics” for Q1. The world’s largest streaming music service has posted its Q1 2020 earnings—and things are looking good for the company. Despite t…

Spotify Launches Fundraising Feature for Artists

Spotify is making good on its promise to help connect creators with fans by launching the Artist Fundraising Pick. Musicians can raise money for themselves, their band/crew or another entertainer in need by simply adding a charity link to their Spotify profile.

Spotify touches 271M monthly active users, podcasts grow 200 pc

Spotify now has over 700,000 podcast titles on its platform. Podcast content is driving revenues and engagement globally, the company said.

Spotify Q4 reports 271M total MAUs on revenues of $2B, podcast listening grows 200%

Streaming music now accounts for more than 80% of all music consumption in key markets like the US, and one of the big leaders in the field is reaping some of the rewards. Spotify reported its Q4 results today, which noted that the company now has 271 million subscribers, up 31% on a year ago, […]

Top 100 Apps Of 2019: Netflix, Uber, Spotify, Google Pay, Wish, And More

Shocker: PUBG and Fortnite are not the most popular battle royale games ...
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Spotify Blogs

Spotify Kids Now Has Two New Features That Let You See and Customize What Your Children Listen To

We created Spotify Kids as a way for young listeners to enjoy a playground of sound—one that also provides parents with peace of mind. From day one of our beta app rollout to today’s launch in Japan and Germany, the Kids experience has prioritized safety and parental control. Between lullabies and b…

Cold War Propaganda Meets Music Icons on New Investigative Podcast ‘Wind of Change’

The 1990 hit “Wind of Change” is one of the Scorpions’ most iconic songs—and it  has over 247 million streams on Spotify to prove it. But what if the track wasn’t actually written by the German metal band? What if it were actually written by the CIA as Cold War propaganda? After hearing that rumor..…

It’s RapCaviar’s Fifth Anniversary—Celebrate by Testing Your Hip-Hop Knowledge

    The post It’s RapCaviar’s Fifth Anniversary—Celebrate by Testing Your Hip-Hop Knowledge appeared first on Spotify.

From Family Time to Me Time, Here’s How Moms Say They’re Using Music and Podcasts

Mother’s Day is always a special time, yet this year the occasion—and motherhood in general—looks a little different. That’s why Spotify asked more than 3,000 moms in Australia, Canada, and the U.S. how they’re navigating the new normal and how music and podcasts are playing a role. As it turns out,…

From Egyptian Pop to Indian Bollywood, R3HAB Tastes the World’s Many Sonic Flavors

These days, Dutch house producer R3HAB is looking past borders and across the seas for inspiration. His songs usually fit along nicely with those of fellow Dutch DJs like Afrojack and Hardwell, delivering pulsing beats with a pop flourish. But recently he teamed up with a force from farther south—Eg…

How ‘Joker’ Composer Hildur Guðnadóttir Ventured From Iceland’s Underground to Hollywood’s Red Carpet

When For the Record connected with Hildur Guðnadóttir at her Berlin home, it was a few months after the Icelandic composer had accepted the Best Original Score Oscar for her soundtrack to Todd Phillips’ anti-hero epic, Joker. On its own, the Oscar win would be a life-altering event, but for Guðnadót…
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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 Daniel Ek, Martin Lorentzon and Cecilia Qvist.

  • How many employees does Spotify have?

    Spotify has 4,405 employees.

  • What is Spotify revenue?

    Latest Spotify annual revenue is €6.8 b.

  • What is Spotify revenue per employee?

    Latest Spotify revenue per employee is €1.5 m.

  • Who are Spotify competitors?

    Competitors of Spotify include SoundCloud, Pandora and Deezer.

  • Where is Spotify headquarters?

    Spotify headquarters is located at 19 Regeringsgatan, Stockholm.

  • Where are Spotify offices?

    Spotify has offices in Stockholm, Gothenburg, Atlanta, Birmingham and in 41 other locations.

  • How many offices does Spotify have?

    Spotify has 54 offices.