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
Lifestyle's weekly Spotify playlist #10
Northern Star Online | May 16, 2021
Widespread Panic's Dave Schools Curates 'Music By Daniel Hutchens' Spotify Playlist
JamBase | May 15, 2021
Apple Music might beat Spotify to the punch with Hi-Fi audio on Android
Android Central | May 14, 2021
Universal Music's Spotify Stock Could Be Worth $2B
Billboard | May 14, 2021
Spotify rival Anghami expands into social audio space with new Live Radio feature
Music Business Worldwide | May 14, 2021
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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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