Spotify
Spotify was founded in 2006 and is headquartered in Stockholm, SE
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Key People/Management at Spotify
Daniel Ek
Chairman and CEO
Barry McCarthy
CFO
Martin Lorentzon
Co-founder
Seth Farbman
Chief Marketing Officer
Andy Wiggan
Director of Payments
Sam Ee
Design Director
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Spotify Office Locations
Spotify has offices in Oslo, Madrid, Singapore, Sentrum 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 €4.09 b in FY, 2017 which is a 38.6% increase from the previous period.
| EUR | |
|---|---|
Revenue (FY, 2017) | 4.1 b |
Revenue growth (FY, 2016 - FY, 2017), % | 38.6% |
Gross profit (FY, 2017) | 849 m |
Gross profit margin (FY, 2017), % | 20.8% |
Net income (FY, 2017) | (1.2 b) |
EBIT (FY, 2017) | (378 m) |
Cash (31-Dec-2017) | 477 m |
Annual
| EUR | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Cash | 597.4 m | 755 m | 477 m |
Accounts Receivable | 163.9 m | 223 m | 272 m |
Current Assets | 870.2 m | 1.9 b | 1.9 b |
PP&E | 81.1 m | 85 m | 73 m |
| EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | (188.1 m) | (230 m) | (539 m) | (1.2 b) |
Depreciation and Amortization | 19.2 m | 30 m | 38 m | 54 m |
Accounts Payable | 161.2 m | 251 m | 245 m | 447 m |
Cash From Operating Activities | (73.5 m) | (38 m) | 101 m | 179 m |
| EUR | Y, 2017 |
|---|---|
Revenue/Employee | 1.1 m |
Debt/Equity | 4 x |
Debt/Assets | 0.3 x |
Financial Leverage | 13.1 x |
Spotify Operating Metrics
Spotify's Monthly Active Users was reported to be 157 m in Q4, 2017.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | |||
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 | |||
Ad-Supported Monthly Active Users | 51 m | 56 m | 60 m | 64 m | 67 m | 70 m | 75 m | 77 m | 82 m | 81 m | 89 m | 90 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 |
Spotify Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Spotify Japan K.K | ||
| Spotify Finland OY | ||
| Spotify Hong Kong Limited | ||
| Spotify India Private Ltd | ||
| Spotify Italy SRL | ||
| Spotify Ltd | ||
| Spotify MENA FZ-LLC | ||
| Spotify Poland Sp. z o.o. | ||
| Spotify Service AB | ||
| Spotify Sweden AB |
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Spotify News and Updates
April 20, 2018
Musiio uses AI to help the music industry curate tracks more efficiently
A former streaming industry exec and an AI specialist walk into a bar, they leave starting an AI company for the music industry. That’s not exactly how Singapore-based startup Musiio was formed, but it’s close enough and the outcome is the same. Co-founders Hazel Savage, formerly of Pandora and Shaz…
April 18, 2018
New York Subways Are Trash But These David Bowie Metrocards Are Good
The MTA has printed 250,000 metrocards with David Bowie’s face on them, the first positive action associated with New York subways in a very long time.
What: David Bowie metrocards.Read Full Story
April 18, 2018
Spotify: Streaming Discount
April 17, 2018
Hulu, Spotify Launch Combined Bundle for $12.99 per Month
The bundle is now available to current Spotify Premium subscribers and features Spotify’s ad-free service with Hulu’s limited-commercial plan.
April 15, 2018
SuperData Research: Games will lead the growth of entertainment
As traditional entertainment struggles to find its place in a new digital world, video games prosper and have evolved into a mainstream form of entertainment. Joost van Dreunen, CEO of analyst firm SuperData Research, talked the rise of games in the context of the larger media and entertainment indu…
April 13, 2018
Taylor Swift Releases Two Recordings for One-Time Enemy Company Spotify
The songs will stream over Spotify Singles.
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