Spotify Technology SA - Company Profile
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Spotify Technology SA (Spotify) is a digital music, podcast, and video streaming service. The company's primary activities include providing access to millions of songs and other content from artists all around the world. Spotify's major services include music streaming, podcast hosting, and recently, audiobook distribution. Its major subscription pricing plans include Family Plan, Student Plan and Duo Plan. While the company itself is a notable brand, it also collaborates with various artists, celebrities, and content creators. Spotify's services are used by individuals for entertainment purposes, including listening to music, podcasts, and audiobooks across various devices. The company operates through its own platform, available on multiple devices such as phones, computers, and tablets. It has business presence across Asia, Africa, Europe, North America and Latin America. Spotify is headquartered in Luxembourg.
Headquarters
Luxembourg
Address
5, Place de la Gare, Luxembourg, 1616
Website
www.spotify.com
Telephone
46 70 2204607
No of Employees
9,123
Industry
Media
Ticker Symbol & Exchange
SPOT (NYSE)
Revenue (2022)
$14.3B
13%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-23.7%
(2022 vs 2021)
Market Cap*
$60.2B
Net Profit Margin (2022)
XYZ
-9.5%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services | Brands |
|---|---|
| Audio Streaming Service | Spotify |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In March, the company launched a new feature for devices running macOS and Windows. |
| 2023 | New Products/Services | In October, the company launched a dedicated in-app Merch Hub. |
| 2023 | Contracts/Agreements | In September, the company entered into a partnership with OpenAI to bring a new AI-powered translation feature to the platform. |
Competitor Comparison
| Key Parameters | Spotify Technology SA | Amazon.com Inc | Apple Inc | Google LLC | Meta Platforms Inc |
|---|---|---|---|---|---|
| Headquarters | Luxembourg | United States of America | United States of America | United States of America | United States of America |
| City | Luxembourg | Seattle | Cupertino | Mountain View | Menlo Park |
| State/Province | - | Washington | California | California | California |
| No. of Employees | 9,123 | 1,525,000 | 161,000 | 178,234 | 67,317 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Daniel Ek | Chairman; Chief Executive Officer | Executive Board | 2008 | 40 |
| Christian Luiga | Chief Financial Officer | Senior Management | 2024 | - |
| Gustav Soderstrom | Chief Product and Technology Officer; Co-President | Senior Management | 2023 | 47 |
| Alex Norstrom | Co-President; Chief Business Officer | Senior Management | 2023 | 47 |
| Katarina Berg | Chief Human Resources Officer | Senior Management | - | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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