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.
Company Growth (employees)
Type
Private
HQ
Stockholm, SE
Founded
2006
Size (employees)
4,049 (est)+2%
Spotify was founded in 2006 and is headquartered in Stockholm, SE

Key People/Management at Spotify

Daniel Ek

Daniel Ek

Chairman and CEO
Martin Lorentzon

Martin Lorentzon

Co-founder
Alex Norstrom

Alex Norstrom

Chief Business Officer
Marie Suh

Marie Suh

Director of Strategic Partnerships
Andy Wiggan

Andy Wiggan

Director of Payments
Sam Ee

Sam Ee

Design Director
Kenneth Parks

Kenneth Parks

Chief Content Officer & Managing Director, North America
Jason Richman

Jason Richman

VP Product
Angela Watts

Angela Watts

VP, Marketing & Communications

Spotify Office Locations

Spotify has offices in Stockholm, Paris, Oslo, Madrid and in 42 other locations
Stockholm, SE (HQ)
Birger Jarlsgatan 61
Miguel Hidalgo, MX
Pedregal 24 Torre Virreyes Piso 8
Hong Kong, HK
45th floor, The Lee Gardens
Singapore, SG
42 Boat Quay
New York, US
45 W 18th St
London, GB
25 Argyll St
Show all (56)

Spotify Financials and Metrics

Spotify Financials

Spotify's revenue was reported to be €2.9 b in FY, 2016 which is a 51% increase from the previous period.
EUR

Revenue (FY, 2016)

2.9 b

Revenue growth (FY, 2015 - FY, 2016), %

51%

Gross profit (FY, 2016)

450.5 m

Gross profit margin (FY, 2016), %

15%

Net income (FY, 2016)

(539.2 m)

EBIT (FY, 2016)

(349.4 m)

Market valuation

16 b

Cash (31-Dec-2016)

754.9 m
EURFY, 2013FY, 2014FY, 2015FY, 2016E

Revenue

746.9 m1.1 b1.9 b2.9 b

Revenue growth, %

45%80%51%

Cost of goods sold

614.5 m876.1 m1.6 b2.5 b

Gross profit

132.3 m205.6 m321.7 m450.5 m
EURFY, 2014FY, 2015FY, 2016

Cash

206.5 m597.4 m754.9 m

Accounts Receivable

142.8 m281 m299.7 m

Inventories

15.4 m

Current Assets

349.3 m893.8 m1.9 b
EURFY, 2014FY, 2015FY, 2016

Net Income

(188.1 m)(231.4 m)(539.2 m)

Depreciation and Amortization

15.7 m26 m32.2 m

Accounts Receivable

(39.5 m)(128.5 m)(63.3 m)

Accounts Payable

(4.9 m)26.4 m77.9 m
EURY, 2016

Revenue/Employee

1.2 m

Financial Leverage

-8.7 x
Show all financial metrics

Spotify Operating Metrics

Spotify's Paying Subscribers was reported to be 60 m in Aug, 2017. Spotify's Active Users was reported to be 140 m in Aug, 2017. Spotify's Monthly Unique Users was reported to be 30.4 m in Mar, 2017
Jun, 2016Sep, 2016Dec, 2016Mar, 2017Jun, 2017Aug, 2017Nov, 2017

Paying Subscribers

30 m40 m50 m50 m60 m

Active Users

100 m126 m140 m140 m

Monthly Sessions per User

51

Monthly Unique Users

30.4 m
Show all operating metrics

Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Spotify USA
Spotify Spain AS
Spotify Norway AS
Spotify Singapore PTE. Ltd.
Spotify AB
Spotify France SAS
Spotify Netherlands B.V.
Spotify GmbH
nilandMay 17, 2017
Mediachain LabsApril 26, 2017
MightyTVMarch 27, 2017
SonalyticMarch 07, 2017
PreactNovember 01, 2016
CrowdAlbumApril 27, 2016
SoundwaveJanuary 20, 2016
Cord ProjectJanuary 20, 2016
Seed ScientificJune 24, 2015
The Echo NestMarch 06, 2014
TunigoMay 03, 2013

Spotify Revenue Breakdown

Spotify Median Salaries

Source: 117 public H-1B filings from Spotify

Spotify's Web-traffic and Trends

Spotify Online and Social Media Presence

Spotify News and Updates

Spotify acquires cloud-based music recording platform Soundtrap

Spotify is not content with being a place only to listen to music anymore, and now the Stockholm-based company wants to help people create music too. Spotify announced today that it has acquired fellow Swedish company Soundtrap, a cloud-based recording platform for amateur and professional musicians…

Spotify has just bought this music startup

Spotify has bought Stockholm-based music startup Soundtrap, it said today. The music streaming giant's new acquisition allows users to create music online using a web-based production studio similar to Apple's Garageband software. Today Spotify said Soundtrap was "highly aligned with Spotify’s…

Spotify acquires Swedish collaborative audio recording startup Soundtrap

Spotify has acquired fellow Swedish startup Soundtrap, which offers a collaborative online music and audio recording studio. Terms of the deal were not disclosed. Founded in 2012, Soundtrap had raised around $8.5 million to target amateur musicians with a cloud-based recording platform that works ac…

Spotify acquires online music studio Soundtrap as it goes after creators

 Spotify has made another acquisition as it continues to build out the services it offers to artists beyond basic streaming. It has acquired online music studio startup Soundtrap, the company announced via a blog post this morning. The three year-old company, based in Stockholm, is the maker of a fr…

Spotify acquires Swedish music recording startup Soundtrap

Spotify has acquired Swedish startup Soundtrap, an online platform for recording and collaborating on music. No figures were disclosed. The Stockholm-based startup was founded in 2012 and has raised more than $8 million in funding from investors including Industrifonden and former Spotify CFO Peter …

Spotify's the latest tech giant to invest in London

Spotify is the latest tech company to commit to London after Brexit with fresh expansion plans. The streaming giant which is expected to soon go public, will double its current 200 staff in the UK over the next two years with a major focus on research and development. The capital will become a…
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Spotify Company Life and Culture

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