Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Users can browse through the interface by artist, album, genre, playlist, record label and direct searches. The Company's platform also enables individuals to create, share and edit playlists with other users. Spotify is available for mobile device platforms such as Android, Blackberry, Boxee, iOS, Linux, MeeGo, Squeezebox, Windows mobile and more.
Company Growth (employees)
Type
Private
HQ
Stockholm, SE
Founded
2006
Size (employees)
3,826 (est)+2%
Spotify was founded in 2006 and is headquartered in Stockholm, SE

Key People 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
Axel Bringéus

Axel Bringéus

Global Head of Markets
Andy Wiggan

Andy Wiggan

Director of Payments
Kenneth Parks

Kenneth Parks

Chief Content Officer & Managing Director, North America
Sam Ee

Sam Ee

Design Director
Angela Watts

Angela Watts

VP, Marketing & Communications

Spotify Office Locations

Spotify has offices in Stockholm, Paris, Oslo, Madrid and in 36 other locations
Stockholm, SE (HQ)
Birger Jarlsgatan 61
Los Angeles, US
Los Angeles, CA
Dallas, US
Dallas, TX
Chicago, US
Chicago, IL
Cambridge, GB
Cambridge, UK
Boston, US
Boston, MA
Show all (40)

Spotify Data and Metrics

Spotify Financial Metrics

Spotify's revenue was reported to be $2.9 b in FY, 2016 which is a 49% increase from the previous period.
USD

Revenue (FY, 2016)

2.9 b

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

49%

Net income (FY, 2016)

(300 m)

Market valuation

8.5 b

Cash (31-Dec-2015)

597.4 m

EV

7.9 b
EURFY, 2013FY, 2014FY, 2015FY, 2016E

Revenue

746.9 m1.1 b1.9 b2.9 b

Revenue growth, %

45%80%49%

Cost of goods sold

614.5 m876.1 m1.6 b

Gross profit

132.3 m205.6 m321.7 m
EURY, 2014Y, 2015

Cash

206.5 m597.4 m

Accounts Receivable

142.8 m281 m

Inventories

15.4 m

Current Assets

349.3 m893.8 m
USDY, 2016

Revenue/Employee

1.4 m
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
Mar, 2016Jun, 2016Sep, 2016Dec, 2016Mar, 2017Jun, 2017Aug, 2017

Paying Subscribers

30 m40 m50 m50 m60 m

Active Users

100 m126 m140 m140 m

Monthly Unique Users

30.4 m

Monthly Sessions per User

51
Show all operating metrics

Spotify Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Mediachain LabsApril 26, 2017
PreactNovember 01, 2016

Spotify Revenue Breakdown

Spotify Median Salaries

Source: 117 public H-1B filings from Spotify

Traffic Overview of Spotify

Spotify Online and Social Media Presence

Spotify News and Updates

The iPhone's Waze app is getting a big Spotify update

Drivers will soon be able to blast Spotify directly from Waze on their iPhones.  This new iOS app integration was announced Monday. It lets users control Spotify directly from  Waze, so they don't have to switch between apps. SEE ALSO: BMW and other carmakers team up to take on Waze and Google M…

Spotify and Google’s Waze integration lands on iOS

Spotify and Waze have expanded their previously announced integration to iOS, meaning iPhone users will now be able to access tunes without having to leave their GPS navigation screen. By way of a quick recap, back in March the companies announced a two-way integration to save users from switching b…

Waze and Spotify integration arrives on iOS

 Google-owned navigation app Waze announced a partnership earlier this year with music streaming service Spotify to put Spotify playlists right within the Waze app, and now the team-up is extending to iOS. The new integration is rolling out today, and adds a number of direct Spotify features within …

Tencent tried to buy Spotify earlier this year

 Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $380 billion. …

Spotify launches an iMessage app for texting songs to friends

 Spotify has quietly launched its own iMessage application that let you text songs to friends with just a few taps. The new app hasn’t been officially announced, but appears to be similar in functionality to Spotify’s Messenger app, which went live earlier this spring as one of Messenger’s new chat …

Spotify finally lands in the iMessage App Store

It’s about time. Spotify has quietly launched an app for iMessage, allowing you to easily share tracks with friends, without having to leave the chat, or deal with copying-and-pasting links. To enable it, open iMessage, head to the app store, and then press ‘Manage.’ Finally, tap the switch next to …
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Spotify Company Life and Culture

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