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
Apple set to face antitrust charges over Spotify complaint, according to reports
MarketWatch | March 5, 2021
Best streaming deals: Save on Netflix, Disney Plus, HBO Max, Hulu, Spotify and more
CNET | March 5, 2021
Lewis Capaldi rakes in £2.4million from Spotify streams of just one song
Daily Record | March 5, 2021
'Agatha All Along' Nears 1.8 Million Spotify Streams Ahead of WandaVision Finale - CBR
CBR - Comic Book Resources | March 4, 2021
Singer wins campaign to persuade Spotify to recognise Scots language for first time
The Scotsman | March 4, 2021
Only 7,500 artists earned more than $100,000 on Spotify in 2020
Mixdown | March 4, 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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