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
How to Improve Your Spotify Experience on Mobile: 7 Ways - MUO
MUO - MakeUseOf | July 4, 2022
Crosby, Stills & Nash return to Spotify after Joe Rogan protest
The Verge | July 4, 2022
METALLICA's 'Master Of Puppets' Lands On SPOTIFY's 'Top 50 Global' Chart After Being Featured In 'Stranger Things'
BLABBERMOUTH.NET | July 4, 2022
Spotify Car Thing review: What is it, what can it do and how much does it cost?
WDIV ClickOnDetroit | July 4, 2022
Connect Alexa with Spotify: How to switch your music service
NextPit International | July 4, 2022
Music Playback Platform Market See Huge Growth for New Normal | Spotify, Apple, Alibaba – Designer Women
Designer Women | July 4, 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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