Spotify Status
Mr. Martin Lorentzon sold a minority stake of the company to an undisclosed investor for $40 million on August 23, 2018.
Spotify Technology SA headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners. The firm monetizes its users through both a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 90% and 10% of Spotify's 2017 total revenue, respectively.
Year Founded
2006
Employees
3.7 K
RevenueFY 2018
$6.2 B
Net IncomeFY 2018
($92.1 M)
General Information
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Website
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Business Status
Generating Revenue/Not Profitable
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Ownership Status
Publicly Held
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Financing Status
Corporate Backed or Acquired
Spotify News and Updates
Neil Young posts and removes a letter demanding Spotify remove his music.
The New York Times | January 25, 2022
Spotify settings to change to make listening to music even better
CNET | January 22, 2022
Top 20 secret Spotify hacks for 2022
Business Insider | January 21, 2022
Spotify still tops other music services, but its market share declined
TechCrunch | January 21, 2022
Movie and Film Buff? Spotify's 'Listen If You Watch' Page Has the Perfect Podcast for You — Spotify
spotify.com | January 20, 2022
Did You Know Spotify Has a Voice Assistant? - How
How-To Geek | January 20, 2022
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Headquarters
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HQ Address Line 1Regeringsgatan 19
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HQ CityStockholm
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HQ Post Code111 53
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HQ CountrySweden
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