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Spotify
Spotify Summary
Overview
Spotify is a provider of commercial music streaming service that offers restricted digital content from a range of record labels and artists. It enables subscribers to search and discover music collections of friends, artists, and celebrities, build a personal collection playlist, and share music on social media, blog, and via email with friends. The company also allows artists to post tracks on social networks, share them with fans, etc.
| Type | Public | |
| Founded | 2006 | |
| HQ | Stockholm, SE | Map |
| Website | spotify.com | |
| Employee Ratings |   | More |
| Overall Culture | C+ | More |
Locations
Table of Contents
Key People/Management at Spotify
Spotify Office Locations
Spotify has offices in Stockholm, Atlanta, Birmingham, Boston and in 42 other locations
Spotify Financials and Metrics
Spotify Revenue
Spotify's revenue was reported to be €6.76 b in FY, 2019 which is a 28.6% increase from the previous period.
EUR
| Revenue (Q2, 2020) | €1.89 b |
| Gross profit (Q2, 2020) | €479 m |
| Gross profit margin (Q2, 2020), % | 25.4% |
| Net income (Q2, 2020) | (€356 m) |
| EBIT (Q2, 2020) | (€167 m) |
| Market capitalization (01-Apr-2021) | $52.11 b |
| Closing stock price(01-Apr-2021) | $273.1 |
| Cash (30-Jun-2020) | €1.15 b |
| EV | $51.57 b |
Spotify's current market capitalization is $52.1 b.
| EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 902 m | 1 b | 1 b | 1.1 b | 1.1 b | 1.3 b | 1.4 b | 1.5 b | 1.5 b | 1.7 b | 1.7 b | 1.9 b | 1.8 b | 1.9 b |
| Cost of goods sold | 797 m | 775 m | 802 m | 867 m | 856 m | 944 m | 1 b | 1.1 b | 1.1 b | 1.2 b | 1.3 b | 1.4 b | 1.4 b | 1.4 b |
| Gross profit | 105 m | 232 m | 230 m | 282 m | 283 m | 329 m | 342 m | 399 m | 373 m | 434 m | 441 m | 474 m | 472 m | 479 m |
| Gross profit Margin, % | 12% | 23% | 22% | 25% | 25% | 26% | 25% | 27% | 25% | 26% | 25% | 26% | 26% | 25% |
| EUR | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | (173 m) | (361 m) | (639 m) | (169 m) | (563 m) | (520 m) | (142 m) | (218 m) | 23 m | 1 m | (355 m) |
| Depreciation and Amortization | 14 m | 26 m | 41 m | 11 m | 17 m | 24 m | 21 m | 41 m | 51 m | 26 m | 44 m |
| Accounts Receivable | (40 m) | (27 m) | (66 m) | 15 m | 27 m | (2 m) | 35 m | (15 m) | (13 m) | 22 m | (17 m) |
| Accounts Payable | 186 m | 267 m | 252 m | 70 m | 148 m | 234 m | 155 m | 230 m | 232 m | (63 m) | 88 m |
EUR
Q2, 2020
| EV/EBIT | -284.3 x |
| EV/CFO | 1582.5 x |
| Debt/Equity | 0.3 x |
| Debt/Assets | 0.1 x |
| Financial Leverage | 2.6 x |
| P/E Ratio | -135.2 x |
Revenue Breakdown
Spotify revenue breakdown by business segment: 10.0% from Ad-Supported and 90.0% from Premium
Spotify revenue breakdown by geographic segment: 51.6% from Other Countries, 10.7% from United Kingdom, 37.6% from United States and 0.1% from Other
Spotify Operating Metrics
Spotify's Podcasts on the Platform was reported to be 1.5 m in Aug, 2020.
| FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Aug, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Premium Churn | 6.60% | 5.50% | 5.90% | 5.70% | 5.10% | 5.50% | |||||||||||||
| Total Daily Active Users to Monthly Active Users | 42.00% | 44.00% | 45.00% | 43.00% | 44.00% | 44.00% | |||||||||||||
| Content Hours per Monthly Active User | 22 | 23 | 24 | 24 | 25 | 25 | |||||||||||||
| Premium Subscribers (Europe) | 20 m | 21 m | 24 m | 25 m | 28 m | 28 m |
Spotify Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| The Ringer | March 06, 2020 | €170 m |
| SoundBetter | September 12, 2019 | |
| Parcast | March 25, 2019 | €49 m |
| Anchor FM | February 06, 2019 | €136 m |
| Gimlet Media | February 06, 2019 | $200 m |
| Loudr | April 12, 2018 | |
| Soundtrap AB | November 17, 2017 | |
| niland | May 17, 2017 | |
| Mediachain Labs | April 26, 2017 | |
| MightyTV | March 27, 2017 |
Human Capital Metrics
Source: q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com, www.spotifyjobs.com, q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com
Spotify Hiring Categories
Spotify Median Salaries
Source: 7 public H-1B filings from Spotify
Spotify Cybersecurity Score
Spotify Environment, Social & Governance (ESG) Ratings
Spotify Website Traffic
Alexa Website Rank
Total Visits per monthSimilarWeb
Twitter Engagement Stats for @spotify
34.86 k
Tweets
17.78 k
Following
4.13 m
Followers
243
Tweets last 30 days
2.8k
Avg. likes per Tweet
99.2%
Tweets with engagement
Spotify Technology Stack![BuildWith Logo]()
ads
42 products used
- Adap.TV
- Adbrain
- Adobe Audience Manager Sync
- AdRoll
- Ads.txt
- Advertising.com
- AppNexus
- AppNexus Direct
- AppNexus Segment Pixel
- BlueKai
- BlueKai DMP
- Campanja
- Conversant
- DemDex
- DoubleClick Bid Manager
- DoubleClick.Net
- Drawbridge
- Evidon
- Facebook Custom Audiences
- Google Adsense
- Google Direct
- Google Remarketing
- Index Exchange
- IndexExchange Direct
- IponWeb BidSwitch
- Jumptap
- Media Innovation Group
- Openads/OpenX
- OpenX Direct
- Pubmatic
- RadiumOne
- Rocket Fuel
- Rubicon Project
- RubiconProject Direct
- SpotXChange Direct
- Swoop
- Tapad
- The Trade Desk
- Twitter Ads
- Yahoo Publisher Network
- Yahoo Small Business
- Yield Manager
analytics
34 products used
- Acxiom
- Bing Universal Event Tracking
- comScore
- Datalogix
- DoubleClick Floodlight
- Facebook Domain Insights
- Facebook Signal
- Facebook Tag API
- Fastly
- Google Analytics
- Google Analytics 360 Suite
- Google Analytics Enhanced Ecommerce
- Google Analytics Enhanced Link Attribution
- Google Analytics with Ad Tracking
- Google Conversion Tracking
- Google Optimize 360
- Google Universal Analytics
- Hotjar
- Invite Media
- KISSmetrics
- Mixpanel
- New Relic
- Optimizely
- Pingdom RUM
- Rapleaf
- SessionCam
- SteelHouse
- TellApart
- Twitter Analytics
- Twitter Conversion Tracking
- Twitter Website Universal Tag
- Visual IQ
- Yahoo Dot
- Yahoo Web Analytics
CDN
6 products used
- AJAX Libraries API
- Akamai
- CloudFront
- Content Delivery Network
- Fastly CDN
- Yahoo Image CDN
cdns
3 products used
- Amazon CloudFront
- Amazon S3 CDN
- Fastly Verified CDN
Spotify Company Culture![CultureAndCompensation Logo]()
Overall Culture
C+
69/100
CEO Rating
A+
84/100
Compensation
C
64/100
Diversity
C+
68/100
Spotify News and Updates
Mar 31, 2021
Spotify adds three new types of personalized playlists with launch of ‘Spotify Mixes’Spotify this morning announced it’s significantly expanding its selection of personalized playlists with the addition of three new categories of playlists under the heading of “Spotify Mixes.” This collection will include artist mixes, genre mixes, and decade mixes — meaning you’ll gain access to a sizable number of new mixes with easy-to-understand titles, like 2010s […]
Mar 31, 2021
Spotify jumps into the live audio game, acquires LA-based Betty Labs
Stockholm-based, love ‘em or hate ‘em music platform Spotify has signaled their entry to the love audio game through the acquisition of Los Angeles based Betty Labs. Spotify did not disclose the terms of the deal. Betty Labs is the name behind Locker Room, the live audio app that caters to sports fans. Spotify comments […]
The post Spotify jumps into the live audio game, acquires LA-based Betty Labs appeared first on Tech.eu.Mar 30, 2021
Spotify is getting into live audio because of course it isShares of Spotify are up a fraction this morning after the company announced that it will acquire Betty Labs, the company behind the Locker Room, which focuses on live audio. Prior to the deal, Betty Labs had raised more than $9 million, per Crunchbase data. Spotify is best known for its music streaming business, but […]
Mar 30, 2021
Spotify jumps into the hot live audio trend with acquisition of Clubhouse rival Betty Labs
The company said it's acquiring Betty Labs, the creators of live audio social app Locker Room that's focused on sports.Mar 25, 2021
Spotify rolls out redesigned desktop and web appsSpotify today announced it’s rolling out a new look for its streaming service on the desktop, with the launch of a redesigned app for both Mac and Windows, as well as an updated web app. The changes, which will be made available to all global users, focus on improving the navigation and providing users with […]
Mar 23, 2021
Spotify, Etsy, Goop, Patagonia, and others say Congress should pass national paid family leave
Close to 200 companies have signed a letter asking Congress to create permanent paid family and medical leave as part of the economic recovery package.
Close to 200 companies have signed a letter asking Congress to create permanent paid family and medical leave as part of the Biden administration’s economic recovery package.Read Full Story
Spotify Blogs
Apr 01, 2021
Laugh Along to Three New Comedy Podcasts Coming to SpotifyIn a year where people have come to expect the unexpected, comedy podcasts can provide a welcome respite with laughter and lighthearted listening. Spotify has three new podcasts for those looking for their next dose of humor. Read on for a little about each one, as well as a short Q&A with the creators, guests,... Read more »
The post Laugh Along to Three New Comedy Podcasts Coming to Spotify appeared first on Spotify.
Mar 31, 2021
Spotify Opens Doors for More Underrepresented Podcasters Through New Sound Up ProgramsDiversity has long been a weak point for podcasting. Yet in order for this golden age of audio to truly shine, it has to include all of us. That’s why, several years ago, Spotify created Sound Up, a global program that gives underrepresented podcasters the tools to boost their platforms and build their own shows. ... Read more »
The post Spotify Opens Doors for More Underrepresented Podcasters Through New Sound Up Programs appeared first on Spotify.
Mar 31, 2021
Introducing New Spotify Mixes: Personalized Playlists Featuring Your Favorite Artists, Genres, and DecadesRecently, we’ve been working on a new family of personalized playlists: Spotify Mixes. These mixes, built with you in mind, start with the songs you like and update with songs we think you’ll love. They’ll be rolling out starting today to Spotify users globally. Sound familiar? It is: Spotify Mixes were inspired by Daily Mix,... Read more »
The post Introducing New Spotify Mixes: Personalized Playlists Featuring Your Favorite Artists, Genres, and Decades appeared first on Spotify.
Mar 30, 2021
Spotify Acquires Locker Room and Announces Plans for a New Live Audio ExperienceDuring Spotify’s first-ever Stream On event last month, we explored the journey of creation, the promise of interactivity, and the investments we’re making to further unlock audio’s potential. Today, we are announcing that Spotify has acquired Betty Labs, the creators of Locker Room, a live audio app that’s changing the way insiders and fans talk... Read more »
The post Spotify Acquires Locker Room and Announces Plans for a New Live Audio Experience appeared first on Spotify.
Mar 29, 2021
Run to Spotify’s Workout Hub for All-New Celebrity-Inspired PlaylistsEver finished a workout class, then DMed the instructor to ask for the pitch-perfect mix they played during your ride? Or maybe you’ve found yourself struggling to create the perfect playlist to help you get motivated for a run and wished you had someone (or a studio) to do it for you. Look no further.... Read more »
The post Run to Spotify’s Workout Hub for All-New Celebrity-Inspired Playlists appeared first on Spotify.
Mar 25, 2021
Introducing a New Spotify Experience Across Desktop App and Web PlayerAt Spotify, we’re always looking for ways to provide the best possible experience so our listeners can consistently discover and enjoy music and podcasts—and that includes look, feel, and functionality. We constantly test, develop, and launch new features, optimize for new devices, and look to expand our content offering. Yet along the way, we felt... Read more »
The post Introducing a New Spotify Experience Across Desktop App and Web Player appeared first on Spotify.
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View company- When was Spotify founded?
- Spotify was founded in 2006.
- Who are Spotify key executives?
- Spotify's key executives are Daniel Ek, Dawn Ostroff and Paul Vogel.
- How many employees does Spotify have?
- Spotify has 4,405 employees.
- What is Spotify revenue?
- Latest Spotify annual revenue is €6.76 b.
- What is Spotify revenue per employee?
- Latest Spotify revenue per employee is €1.54 m.
- Who are Spotify competitors?
- Competitors of Spotify include SoundCloud, Pandora and Deezer.
- Where is Spotify headquarters?
- Spotify headquarters is located at Regeringsgatan 19, Stockholm.
- Where are Spotify offices?
- Spotify has offices in Stockholm, Atlanta, Birmingham, Boston and 42 other locations
- How many offices does Spotify have?
- Spotify has 50 offices.
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