Spotify
| Type | Public |
| HQ | Norrmalm, SE |
| Founded | 2006 |
| Size (employees) | 2,960 (est) |
| Website | spotify.com |
Spotify was founded in 2006 and is headquartered in Norrmalm, SE
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Viewing summary data as a guest
Sign up for free to see all dataKey People/Management at Spotify
Cecilia Qvist
Global Head of Markets
Dawn Ostroff
Chief Content Officer
Daniel Ek
Chairman and CEO
Barry McCarthy
CFO
Martin Lorentzon
Co-Founder
Katarina Berg
Chief Human Resources Officer
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Spotify Office Locations
Spotify has offices in Norrmalm, Nashville, Munich, Minneapolis and in 40 other locations
Norrmalm, (HQ)
19 Regeringsgatan
Sydney,
161 Sussex St
Antwerpen,
18 Kammenstraat
Brussels,
Square de Meeus 37
São Paulo,
442 R. Natingui
Toronto,
403 179 John St
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Spotify Financials and Metrics
Spotify Revenue
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 (Q3, 2018) | 1.4b |
Gross profit (Q3, 2018) | 342.0m |
Gross profit margin (Q3, 2018), % | 25.3% |
Net income (Q3, 2018) | 43.0m |
EBIT (Q3, 2018) | (6.0m) |
Market capitalization (4-Dec-2018) | 24.2b |
Closing stock price (4-Dec-2018) | 134.5 |
Cash (30-Sep-2018) | 1.1b |
Spotify's current market capitalization is $24.2 b.
Annual
Quarterly
| EUR | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 619.0m | 714.0m | 747.0m | 872.0m | 902.0m | 1.0b | 1.0b | 1.1b | 1.1b | 1.3b | 1.4b |
Cost of goods sold | 588.0m | 610.0m | 634.0m | 719.0m | 797.0m | 775.0m | 802.0m | 867.0m | 856.0m | 944.0m | 1.0b |
Gross profit | 31.0m | 104.0m | 113.0m | 153.0m | 105.0m | 232.0m | 230.0m | 282.0m | 283.0m | 329.0m | 342.0m |
Gross profit Margin, % | 5% | 15% | 15% | 18% | 12% | 23% | 22% | 25% | 25% | 26% | 25% |
Annual
| EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Cash | 206.5m | 597.4m | 755.0m | 477.0m |
Accounts Receivable | 142.8m | 163.9m | 223.0m | 272.0m |
Current Assets | 351.2m | 870.2m | 1.9b | 1.9b |
PP&E | 50.7m | 81.1m | 85.0m | 73.0m |
Quarterly
| EUR | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|
Cash | 733.0m | 810.0m | 1.1b |
Accounts Receivable | 232.0m | 324.0m | 359.0m |
Current Assets | 1.9b | 2.1b | 2.2b |
PP&E | 68.0m | 83.0m | 135.0m |
Annual
| EUR | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | (188.1m) | (230.0m) | (539.0m) | (1.2b) |
Depreciation and Amortization | 19.2m | 30.0m | 38.0m | 54.0m |
Accounts Payable | 161.2m | 251.0m | 245.0m | 447.0m |
Cash From Operating Activities | (73.5m) | (38.0m) | 101.0m | 179.0m |
Quarterly
| EUR | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|
Net Income | (169.0m) | (563.0m) | 43.0m |
Depreciation and Amortization | 11.0m | 17.0m | 7.0m |
Accounts Payable | 70.0m | 148.0m | 86.0m |
Cash From Operating Activities | 84.0m | 114.0m | 80.0m |
| EUR | Y, 2018 |
|---|---|
Financial Leverage | 0.9 x |
Spotify Operating Metrics
Spotify's Monthly Active Users was reported to be 191 m in Q3, 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 | Q2, 2018 | Q3, 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 | 180 m | 191 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 | 83 m | 87 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 | 101 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 | April 12, 2018 | |
| Soundtrap AB | November 17, 2017 | |
| niland | May 17, 2017 | |
| Mediachain Labs | April 26, 2017 | |
| MightyTV | March 27, 2017 | |
| Sonalytic | March 07, 2017 | |
| Preact | November 01, 2016 | |
| CrowdAlbum | April 27, 2016 | |
| Cord Project | January 20, 2016 | |
| Soundwave | 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
Human Capital Metrics
Source: www.spotifyjobs.com
Spotify's employees are reported to be approximately 39% female and 61% male.
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Spotify Online and Social Media Presence
2.81m Twitter followers
Spotify has 2.81m Twitter Followers. The number of followers has increased 0.7% month over month and increased 3.8% quarter over quarter
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Spotify News and Updates
December 05, 2018
What Spotify and Instagram would have looked like 30 years ago
Warning: These illustrations are a nostalgia suckerpunch.
Nostalgia sucks, but I can’t help but love it, because I’m old. Which is why I felt an instant connection with these modern digital brands reimagined as the objects of the 1980s and ’90s.Read Full Story
December 05, 2018
November in Africa: Spotify expands and drones protect wildlife
Too often in these monthly wraps we look at the negative side of tech in Africa, usually what governments are doing to milk the sector for all it is worth. Last month, however, we saw the potential for tech on the continent, and how if it is employed in the right way it can have really meaningful im…
December 04, 2018
Drake Is The King Of Spotify And Apple Music As Top Streaming 2018 Artist
The Toronto rapper dominated the streaming services end-of-the-year rankings.
December 04, 2018
Spotify Gets a Boost as Tencent Music Kicks Off Share Sale
Spotify Gets a Boost as Tencent Music Kicks Off Share Sale
December 03, 2018
You may finally be able to import your phone music on Spotify
It happens more than once that a song you have on your device is not available on a streaming service. Spotify wants to fix that.According to Jane Manchun Wong, who shared screenshots of the experimental feature on Twitter, Spotify is testing a feature that allows you to import your music from an An…
November 28, 2018
Spotify unveils this year’s hilarious Wrapped billboards
Spotify started rolling out its Wrapped year-end billboards, where it blasts out trivia about its users and occasionally calls out the stranger ones. Most of the facts are hilarious, though it does remain a bit creepy just how much the company is willing to reveal. spotify used their data to create …
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Spotify Company Life and Culture
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Spotify Frequently Asked Questions
When was Spotify founded?
Spotify was founded in 2006.
Who are Spotify key executives?
Spotify's key executives are Cecilia Qvist, Dawn Ostroff and Daniel Ek.
How many employees does Spotify have?
Spotify has 2,960 employees.
What is Spotify revenue?
Latest Spotify annual revenue is €4.1 b.
What is Spotify revenue per employee?
Latest Spotify revenue per employee is €1.4 m.
Who are Spotify competitors?
Competitors of Spotify include Apple, TIDAL and Deezer.
Where is Spotify headquarters?
Spotify headquarters is located at 19 Regeringsgatan, Norrmalm.
Where are Spotify offices?
Spotify has offices in Norrmalm, Nashville, Munich, Minneapolis and in 40 other locations.
How many offices does Spotify have?
Spotify has 44 offices.