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 Toronto, São Paulo , Mexico City, Istanbul and in 44 other locations
New York, US (HQ)
45 W 18th St
Stockholm, SE (HQ)
Birger Jarlsgatan 61
Chicago, US
Chicago, IL
Dallas, US
Dallas, TX
Miami, US
5th, 78 SW 7th St
New York, US
World Trade Center
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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 (Q1, 2018) | 1.1 b |
Gross profit (Q1, 2018) | 283 m |
Gross profit margin (Q1, 2018), % | 24.8% |
Net income (Q1, 2018) | (169 m) |
EBIT (Q1, 2018) | (41 m) |
Market capitalization (15-Jun-2018) | 31.2 b |
Closing share price (15-Jun-2018) | 175 |
Cash (31-Mar-2018) | 733 m |
EV | 31.5 b |
Spotify's current market capitalization is $31.2 b.
Annual
Annual
| EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Cash | 206.5 m | 597.4 m | 755 m | 477 m |
Accounts Receivable | 142.8 m | 163.9 m | 223 m | 272 m |
Current Assets | 351.2 m | 870.2 m | 1.9 b | 1.9 b |
PP&E | 50.7 m | 81.1 m | 85 m | 73 m |
Quarterly
| EUR | Q1, 2018 |
|---|---|
Cash | 733 m |
Accounts Receivable | 232 m |
Current Assets | 1.9 b |
PP&E | 68 m |
Annual
| 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 |
Quarterly
| EUR | Q1, 2018 |
|---|---|
Net Income | (169 m) |
Depreciation and Amortization | 11 m |
Accounts Payable | 70 m |
Cash From Operating Activities | 84 m |
| EUR | Y, 2018 |
|---|---|
EV/EBIT | -767.4 x |
EV/CFO | 374.6 x |
Revenue/Employee | 278.9 k |
Debt/Equity | 6.3 x |
Debt/Assets | 0.3 x |
Financial Leverage | 19.9 x |
Spotify Operating Metrics
Spotify's Monthly Active Users was reported to be 170 m in Q1, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | |||
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 | |||
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 | |||
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 |
|---|---|---|
| Loudr (12) | April 12, 2018 | |
| Soundtrap AB | November 17, 2017 | |
| 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 |
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
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Spotify News and Updates
June 18, 2018
Beyoncé and Jay-Z’s ‘Everything Is Love’ Was Touted as a Tidal Exclusive. So Why Is It Now on iTunes and Spotify?
It was supposed to be a Tidal exclusive.
June 18, 2018
Rapper XXXTentacion Shot Dead In Florida
Jahseh Dwayne Onfroy was facing criminal charges from a 2016 domestic violence case.
June 18, 2018
Beyoncé, Jay-Z Album Shows Up On Spotify, Apple Music, And Fans Freak Out
The couple said "Everything Is Love" would be exclusively available on the Tidal streaming service. It's not.
June 18, 2018
Beyoncé and Jay-Z's new album just dropped on Spotify, Apple, and Amazon
Beyoncé and Jay-Z's new album "Everything is Love" just dropped on Spotify, Apple, and Amazon.
"Everything is Love" was a surprise release on Tidal on Saturday.
Tidal's short exclusive window raises questions about Jay-Z's plans for the company.
Beyoncé and Jay-Z's new album "Everything is Love"…
June 12, 2018
ASUS wants to replace your laptop’s touchpad with a screen — and I’m conflicted
Some big news here: ASUS – the Taiwanese tech company – has announced a new laptop. “Oh,” I hear you say, “I appreciate the update, but, Callum, why should I care about that?” Good point, buddy. There’s something about the tech industry’s constant updates that feels like the equivalent of someone fo…
June 10, 2018
80-story 3 World Trade Center to open after years of delays
An 80-story office building set to open this week at the World Trade Center will be the third completed skyscraper at the site where the twin towers stood.
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