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.
Type
Private
HQ
Stockholm, SE
Founded
2006
Size (employees)
4,225 (est)
Spotify was founded in 2006 and is headquartered in Stockholm, SE
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Key People/Management at Spotify

Daniel Ek

Daniel Ek

Chairman and CEO
Martin Lorentzon

Martin Lorentzon

Co-founder
Alex Norstrom

Alex Norstrom

Chief Business Officer
Marie Suh

Marie Suh

Director of Strategic Partnerships
Andy Wiggan

Andy Wiggan

Director of Payments
Sam Ee

Sam Ee

Design Director
Kenneth Parks

Kenneth Parks

Chief Content Officer & Managing Director, North America
Jason Richman

Jason Richman

VP Product
Angela Watts

Angela Watts

VP, Marketing & Communications

Spotify Office Locations

Spotify has an office in Paris, Oslo, Minneapolis, London and in 43 other locations
Stockholm, SE (HQ)
Birger Jarlsgatan 61
Surry Hills, AU
120 Chalmers Street, NSW 2010
Antwerp, BE
Kammenstraat 18, 2000
Antwerpen, BE
18 Kammenstraat
Sao Paulo, BR
Sao Paulo
Toronto, CA
403 179 John St
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Spotify Financials and Metrics

Spotify Financials

Spotify's revenue was reported to be €2.93 b in FY, 2016 which is a 50.8% increase from the previous period.
EUR

Revenue (FY, 2016)

2.9 b

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

50.8%

Gross profit (FY, 2016)

450.5 m

Gross profit margin (FY, 2016), %

15.4%

Net income (FY, 2016)

(539.2 m)

EBIT (FY, 2016)

(349.4 m)

Market valuation

16 b

Cash (2-Feb-2018)

754.9 m
EURFY, 2013FY, 2014FY, 2015FY, 2016E

Revenue

746.9 m1.1 b1.9 b2.9 b

Revenue growth, %

45%80%51%

Cost of goods sold

614.5 m876.1 m1.6 b2.5 b

Gross profit

132.3 m205.6 m321.7 m450.5 m
EURFY, 2014FY, 2015FY, 2016

Cash

206.5 m597.4 m754.9 m

Accounts Receivable

142.8 m281 m299.7 m

Inventories

15.4 m

Current Assets

349.3 m893.8 m1.9 b
EURFY, 2014FY, 2015FY, 2016

Net Income

(188.1 m)(231.4 m)(539.2 m)

Depreciation and Amortization

15.7 m26 m32.2 m

Accounts Payable

(4.9 m)26.4 m77.9 m

Cash From Operating Activities

(73.5 m)(38.1 m)99.8 m
EURY, 2016

Revenue/Employee

1.2 m

Financial Leverage

-8.7 x
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Spotify Operating Metrics

Spotify's Paying Subscribers was reported to be 70 m in Jan, 2018. Spotify's Active Users was reported to be 140 m in Aug, 2017. Spotify's Monthly Unique Users was reported to be 30.4 m in Mar, 2017.
Jun, 2016Sep, 2016Dec, 2016Mar, 2017Jun, 2017Aug, 2017Nov, 2017Jan, 2018

Paying Subscribers

30 m40 m50 m50 m60 m70 m

Active Users

100 m126 m140 m140 m

Monthly Sessions per User

51

Monthly Unique Users

30.40 m
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Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Spotify USA
Spotify AB
Spotify France SAS
Spotify Netherlands B.V.
Spotify GmbH
Spotify Spain AS
Spotify Norway AS
Spotify Singapore PTE. Ltd.
niland May 17, 2017
Mediachain Labs April 26, 2017
MightyTV (9)March 27, 2017
Sonalytic March 07, 2017
Preact (13)November 01, 2016
CrowdAlbum April 27, 2016
Cord Project January 20, 2016
Soundwave (27)January 20, 2016
Seed Scientific June 24, 2015
The Echo Nest March 06, 2014
Tunigo May 03, 2013
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Spotify News and Updates

Apple Music is about to beat Spotify at its own game

The critics were plentiful. They claimed Apple Music, launched in the summer of 2015 into an already-crowded music-streaming market, would never catch up to the…

Spotify debuts a new Songwriter Credits feature on desktop

 Spotify addressed one of the long-standing complaints about its service with the introduction of a new songwriter credits feature, which is initially available on the Spotify desktop app. The streaming service has had a contentious history with songwriters, who have continuously accused the company…

Spotify will now show songwriter and producer credits for each track

Spotify has announced the latest step in its mission to get the music industry on its side: It will now show songwriter and producer credits for each track. The new feature is only available in the desktop version of Spotify for now. To access it, right-click on any song and you’ll see who was behin…

Spotify is finally giving songwriters the credit they deserve

Spotify has just announced that it will start giving credit where credit is due–songwriters will now be included in the credits on the streaming site. To settle music trivia disputes, listeners can now simply right-click on a track and select “Show Credits” from the menu of options to see informatio…

Spotify and Discord team up to add music to your gaming chats

The latest service to throw its weight behind chat client Discord is Spotify, as the two services today announced they’re joining forces. As part of the new partnership Discord users can link up with their Spotify accounts. Starting today, users who link the two accounts will display what they’re li…

Volvo XC40 rides strong order numbers towards China launch

Volvo Cars’ first entry into the small premium SUV segment is proving popular among car buyers, with global XC40 orders already exceeding 20,000 units. Delivery of cars to dealers started earlier this month. Following its successful introduction to European and American customers, the XC40 will be l…
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