Company Growth (employees)
Spotify was founded in 2006 and is headquartered in Stockholm, SE
Key People at Spotify
Daniel Ek
Chairman and CEO
Martin Lorentzon
Co-founder
Alex Norstrom
Chief Business Officer
Axel Bringéus
Head of New Markets
Marie Suh
Director of Strategic Partnerships
Andy Wiggan
Director of Payments
Kenneth Parks
Chief Content Officer & Managing Director, North America
Sam Ee
Design Director
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
Spotify Data and Metrics
Summary Metrics
Founding Date | 2006 |
Total Funding | $2.6 b |
Latest funding size | $1 b |
Time since last funding | over 1 year |
Investors | Dragoneer Investment Group, K2 Global, Northzone, TCV, GP BullHound, D.E. Shaw & Co., Halcyon Asset Management, Wellington Partners, Goldman Sachs, Telia Company AB, Rinkelberg Capital, GSV Ventures, Horizons Ventures, Discovery Capital, TPG (formerly Texas Pacific Group), Baillie Gifford, Asset Management Partners, Senvest Capital, Li Ka-shing, Lansdowne Partners, GSV Capital, Accel Partners, Technology Crossover Ventures |
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 |
- Source: , Company Filings, BBC, Music Business Worldwide
| EUR | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016E |
|---|---|---|---|---|
Revenue | 746.9 m | 1.1 b | 1.9 b | 2.9 b |
Revenue growth, % | 45% | 80% | 49% | |
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) | (300 m) |
- Source: Company Filings, BBC, Music Business Worldwide
| EUR | Y, 2014 | Y, 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 x | 0 x |
Debt to Assets Ratio | 0 x | 0 x |
Financial Leverage | 6.8 x | 3.4 x |
| USD | Y, 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
- Source: BBC, CNET, TechCrunch, Verto, Spotify
Spotify Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Mediachain Labs | April 26, 2017 | |
| Preact | November 01, 2016 |
Spotify Revenue Breakdown
Spotify Median Salaries
Source: 117 public H-1B filings from Spotify
