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
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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 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
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, 2017Q1, 2018

Revenue

619 m714 m747 m872 m902 m1 b1 b1.1 b1.1 b

Cost of goods sold

588 m610 m634 m719 m797 m775 m802 m867 m856 m

Gross profit

31 m104 m113 m153 m105 m232 m230 m282 m283 m

Gross profit Margin, %

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

Cash

206.5 m597.4 m755 m477 m

Accounts Receivable

142.8 m163.9 m223 m272 m

Current Assets

351.2 m870.2 m1.9 b1.9 b

PP&E

50.7 m81.1 m85 m73 m
Quarterly
EURQ1, 2018

Cash

733 m

Accounts Receivable

232 m

Current Assets

1.9 b

PP&E

68 m
Annual
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
Quarterly
EURQ1, 2018

Net Income

(169 m)

Depreciation and Amortization

11 m

Accounts Payable

70 m

Cash From Operating Activities

84 m
EURY, 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
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Spotify Operating Metrics

Spotify's Monthly Active Users was reported to be 170 m in Q1, 2018.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018

Monthly Active Users

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

Premium Subscriptions

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

Ad-Supported Monthly Active Users

51 m56 m60 m64 m67 m70 m75 m77 m83 m82 m91 m92 m99 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
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
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Spotify Revenue Breakdown

Embed Graph

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

Rapper XXXTentacion Shot Dead In Florida

Jahseh Dwayne Onfroy was facing criminal charges from a 2016 domestic violence case.

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.

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"…

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…

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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