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.
... Show more| Type | Public | |
| Founded | 2006 | |
| HQ | Stockholm, SE | Map |
| Website | spotify.com | |
| Employee Ratings | More |
Key People/Management at Spotify
Cecilia Qvist
Global Head of Markets
Dawn Ostroff
Chief Content Officer
Daniel Ek
Chairman and CEO
Barry McCarthy
CFO
Martin Lorentzon
Co-Founder
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
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
Quarterly
| EUR | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 619.0m | 714.0m | 747.0m | 872.0m | 902.0m | 1.0b | 1.0b | 1.1b | 1.1b | 1.3b | 1.4b | 1.5b |
Cost of goods sold | 588.0m | 610.0m | 634.0m | 719.0m | 797.0m | 775.0m | 802.0m | 867.0m | 856.0m | 944.0m | 1.0b | 1.1b |
Gross profit | 31.0m | 104.0m | 113.0m | 153.0m | 105.0m | 232.0m | 230.0m | 282.0m | 283.0m | 329.0m | 342.0m | 399.0m |
Gross profit Margin, % | 5% | 15% | 15% | 18% | 12% | 23% | 22% | 25% | 25% | 26% | 25% | 27% |
Annual
| EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|
Cash | 206.5m | 597.4m | 755.0m | 477.0m | 891.0m |
Accounts Receivable | 142.8m | 163.9m | 223.0m | 360.0m | 400.0m |
Current Assets | 351.2m | 870.2m | 1.9b | 1.9b | 2.2b |
PP&E | 50.7m | 81.1m | 85.0m | 73.0m | 197.0m |
Quarterly
| EUR | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|
Cash | 733.0m | 810.0m | 1.1b |
Accounts Receivable | 232.0m | 324.0m | 359.0m |
Current Assets | 1.9b | 2.1b | 2.2b |
PP&E | 68.0m | 83.0m | 135.0m |
Annual
| EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|
Net Income | (188.1m) | (230.0m) | (539.0m) | (1.2b) | (78.0m) |
Depreciation and Amortization | 19.2m | 30.0m | 38.0m | 54.0m | 32.0m |
Accounts Payable | 161.2m | 251.0m | 245.0m | 447.0m | 291.0m |
Cash From Operating Activities | (73.5m) | (38.0m) | 101.0m | 179.0m | 344.0m |
Quarterly
| EUR | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|
Net Income | (169.0m) | (563.0m) | (520.0m) |
Depreciation and Amortization | 11.0m | 17.0m | 24.0m |
Accounts Payable | 70.0m | 148.0m | 234.0m |
Cash From Operating Activities | 84.0m | 114.0m | 194.0m |
| EUR | Y, 2018 |
|---|---|
Revenue/Employee | 370.0k |
Financial Leverage | 2.1 x |
Spotify Operating Metrics
Spotify's Monthly Active Users was reported to be 207 m in Q4, 2018.
| Q1, 2015 | Q2, 2015 | Q3, 2015 | Q4, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Monthly Active Users | 68 m | 77 m | 82 m | 91 m | 96 m | 104 m | 113 m | 123 m | 131 m | 136 m | 147 m | 157 m | 170 m | 180 m | 191 m | 207 m | |||
Premium Subscriptions | 18 m | 22 m | 24 m | 28 m | 30 m | 36 m | 40 m | 48 m | 52 m | 59 m | 62 m | 71 m | 75 m | 83 m | 87 m | 96 m | |||
Ad-Supported Monthly Active Users | 51 m | 56 m | 60 m | 64 m | 67 m | 70 m | 75 m | 77 m | 83 m | 82 m | 91 m | 92 m | 99 m | 101 m | 109 m | 116 m | |||
Content, hours | 3.70 b | 4.20 b | 4.50 b | 5.10 b | 17.40 b | 5.70 b | 6.40 b | 6.90 b | 7.70 b | 26.70 b | 8.70 b | 9.60 b | 10.20 b | 11.20 b | 39.80 b | 15 b |
Spotify Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Anchor FM | February 06, 2019 | |
| Loudr | April 12, 2018 | |
| Soundtrap AB | November 17, 2017 | |
| niland | May 17, 2017 | |
| Mediachain Labs | April 26, 2017 | |
| MightyTV | March 27, 2017 | |
| Sonalytic | March 07, 2017 | |
| Preact | November 01, 2016 | |
| CrowdAlbum | April 27, 2016 | |
| Cord Project | January 20, 2016 |
Spotify Revenue Breakdown
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
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Spotify Online and Social Media Presence
2.89m Twitter followers
Spotify has 2.89m Twitter Followers. The number of followers has increased 0.8% month over month and increased 3.2% quarter over quarter
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Spotify News and Updates
February 11, 2019
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...
February 10, 2019
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 — …
February 09, 2019
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.
February 07, 2019
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…
February 06, 2019
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…
February 06, 2019
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.