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
TuneTrack app brings Spotify widget to your iOS 14 home screen
9to5Mac | September 19, 2020
Justin Biebers Holy tops Spotify chart
The News International | September 19, 2020
Bonus Tracks From Avicii's Debut Album "True" Released On Spotify
EDM.com | September 19, 2020
Why Spotify is picking a fight with Apple over Apple One
CNN | September 19, 2020
Audio ga-ga
Telegraph India | September 19, 2020
Spotify finally gives notifications for new episodes of followed podcasts
Android Community | September 18, 2020
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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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