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
Public
HQ
Stockholm, SE
Founded
2006
Size (employees)
4,104 (est)
Spotify was founded in 2006 and is headquartered in Stockholm, SE
Report incorrect company information

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
Show more

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
Show all (59)
Report incorrect company information

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
EURFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1 b1.9 b3 b4.1 b

Revenue growth, %

45%79%52%39%

Cost of goods sold

910.5 m1.7 b2.6 b3.2 b

Gross profit

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

Revenue

619 m714 m747 m872 m902 m1 b1 b1.1 b

Cost of goods sold

588 m610 m634 m719 m797 m775 m802 m867 m

Gross profit

31 m104 m113 m153 m105 m232 m230 m282 m

Gross profit Margin, %

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

Cash

597.4 m755 m477 m

Accounts Receivable

163.9 m223 m272 m

Current Assets

870.2 m1.9 b1.9 b

PP&E

81.1 m85 m73 m
EURFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(188.1 m)(230 m)(539 m)(1.2 b)

Depreciation and Amortization

19.2 m30 m38 m54 m

Accounts Payable

161.2 m251 m245 m447 m

Cash From Operating Activities

(73.5 m)(38 m)101 m179 m
EURY, 2017

Revenue/Employee

1.1 m

Debt/Equity

4 x

Debt/Assets

0.3 x

Financial Leverage

13.1 x
Show all financial metrics

Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 157 m in Q4, 2017.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017

Monthly Active Users

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

Premium Subscriptions

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

Ad-Supported Monthly Active Users

51 m56 m60 m64 m67 m70 m75 m77 m82 m81 m89 m90 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
Show all operating metrics

Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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
Show more
Report incorrect company information

Spotify News and Updates

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…

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

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.

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…

Taylor Swift Releases Two Recordings for One-Time Enemy Company Spotify

The songs will stream over Spotify Singles.
Show more
Report incorrect company information