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.
TypePublic
HQStockholm, SE
Founded2006
Size (employees)2,960 (est)+43%
Websitespotify.com
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
Barry McCarthy

Barry McCarthy

CFO
Martin Lorentzon

Martin Lorentzon

Co-Founder
Seth Farbman

Seth Farbman

Chief Marketing Officer
Andy Wiggan

Andy Wiggan

Director of Payments
Sam Ee

Sam Ee

Design Director
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Spotify Office Locations

Spotify has offices in New York, Toronto, São Paulo , Mexico City and in 40 other locations
Stockholm, SE (HQ)
Regeringsgatan 19
Gothenburg, SE
Vallgatan 22
Surry Hills, AU
120 Chalmers Street, NSW
Sydney, AU
161 Sussex St
Antwerp, BE
Kammenstraat 18, 2000
São Paulo , BR
R. Natingui, 442 - Sala 05 - Vila Madalena
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Spotify Financials and Metrics

Spotify Revenue

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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 (Q2, 2018)

1.3b

Gross profit (Q2, 2018)

329.0m

Gross profit margin (Q2, 2018), %

25.8%

Net income (Q2, 2018)

(394.0m)

EBIT (Q2, 2018)

(90.0m)

Market capitalization (15-Oct-2018)

28.6b

Closing stock price (15-Oct-2018)

159.3

Cash (30-Jun-2018)

810.0m
Spotify's current market capitalization is $28.6 b.
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1b1.9b3.0b4.1b

Revenue growth, %

45%79%52%39%

Cost of goods sold

910.5m1.7b2.6b3.2b

Gross profit

174.3m226.0m401.0m849.0m
Quarterly
EURQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018

Revenue

619.0m714.0m747.0m872.0m902.0m1.0b1.0b1.1b1.1b1.3b

Cost of goods sold

588.0m610.0m634.0m719.0m797.0m775.0m802.0m867.0m856.0m944.0m

Gross profit

31.0m104.0m113.0m153.0m105.0m232.0m230.0m282.0m283.0m329.0m

Gross profit Margin, %

5%15%15%18%12%23%22%25%25%26%
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Cash

206.5m597.4m755.0m477.0m

Accounts Receivable

142.8m163.9m223.0m272.0m

Current Assets

351.2m870.2m1.9b1.9b

PP&E

50.7m81.1m85.0m73.0m
Quarterly
EURQ1, 2018Q2, 2018

Cash

733.0m810.0m

Accounts Receivable

232.0m324.0m

Current Assets

1.9b2.1b

PP&E

68.0m83.0m
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(188.1m)(230.0m)(539.0m)(1.2b)

Depreciation and Amortization

19.2m30.0m38.0m54.0m

Accounts Payable

161.2m251.0m245.0m447.0m

Cash From Operating Activities

(73.5m)(38.0m)101.0m179.0m
Quarterly
EURQ1, 2018Q2, 2018

Net Income

(169.0m)(563.0m)

Depreciation and Amortization

11.0m17.0m

Accounts Payable

70.0m148.0m

Cash From Operating Activities

84.0m114.0m
EURY, 2018

Financial Leverage

3.4 x
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Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 180 m in Q2, 2018.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

Monthly Active Users

68 m77 m82 m91 m96 m104 m113 m123 m131 m136 m147 m157 m170 m180 m

Premium Subscriptions

18 m22 m24 m28 m30 m36 m40 m48 m52 m59 m62 m71 m75 m83 m

Ad-Supported Monthly Active Users

51 m56 m60 m64 m67 m70 m75 m77 m83 m82 m91 m92 m99 m101 m

Content, hours

3.70 b4.20 b4.50 b5.10 b17.40 b5.70 b6.40 b6.90 b7.70 b26.70 b8.70 b9.60 b10.20 b11.20 b39.80 b
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Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
LoudrApril 12, 2018
Soundtrap ABNovember 17, 2017
nilandMay 17, 2017
Mediachain LabsApril 26, 2017
MightyTVMarch 27, 2017
SonalyticMarch 07, 2017
PreactNovember 01, 2016
CrowdAlbumApril 27, 2016
Cord ProjectJanuary 20, 2016
SoundwaveJanuary 20, 2016
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Spotify Revenue Breakdown

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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

Scammers have started using a fake Spotify email to steal people’s Apple IDs — here are the red flags to watch out for (AAPL)

A new scam is targeting people by disguising itself as a Spotify email asking you to verify your subscription information after being charged for a year's subscription of Spotify's Premium streaming service. Potential victims aren't charged for Spotify's Premium service, but may click the link in …

Las Vegas Becomes the Secret Weapon of Musicians in a Spotify World

Britney Spears 'Domination' residency will earn her millions. But she's hardly alone.

Spotify made a Halloween-themed ad too spooky for kids

Halloween is a time for frights. But for kids, there is such a thing as too scary—which is why a British advertising watchdog ruled that…

Spotify takes minor stake in music distributor DistroKid

Music streaming service Spotify said on Wednesday it had taken a stake in DistroKid, a distribution service that allows recording artists to upload music across online stores and streaming platforms including Spotify's biggest rival, Apple Music.

Spotify takes a stake in DistroKid, will support cross-platform music uploads in Spotify for Artists

Spotify has taken a minority stake in music distribution service, DistroKid, a popular tool used by artists for uploading their music across platforms. The company didn’t confirm the size of its stake, only saying that it made a “passive minority investment.” As a result of the deal, Spotify will al…

The spiritual successor to the iPod Shuffle: a Mighty Spotify player

Remember the iPod Shuffle? The small, pocket-sized gadget came in a number of colors and played downloaded songs in random succession. The mini music player…
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Spotify Company Life and Culture

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