| Market Capitalization (Millions $) |
114,186 |
| Shares
Outstanding (Millions) |
211 |
| Employees |
7,000 |
| Revenues (TTM) (Millions $) |
19,248 |
| Net Income (TTM) (Millions $) |
2,477 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
68 |
Business Description
Spotify Technology S.A. is a music streaming platform that was founded in Sweden in 2006. It is now one of the world's largest music streaming services, available in over 60 countries with over 345 million active users and 155 million subscribers as of the first quarter of 2021.
Spotify offers both free and paid subscription options. The free option offers access to millions of songs, playlists, and podcasts with occasional advertising. The premium subscription gives users access to exclusive features such as ad-free listening, unlimited skips, and the ability to download music for offline listening.
Spotify's content library features millions of songs, podcasts, and audio shows from around the world. The platform offers personalized recommendations based on the user's listening habits and curated playlists created by Spotify's editorial team. They also offer a radio feature designed to help users discover new music based on their listening history.
Spotify's mobile app enables users to stream music directly from their smartphones, tablets, or smart TVs. The app also allows users to create their playlists and share songs and playlists with friends. Spotify has also integrated with various third-party apps and services, such as Facebook, Google Maps, and Waze.
In addition to music streaming, Spotify also offers podcast hosting and distribution services. They have invested millions of dollars in podcast production and acquisition, aiming to become the world's leading audio platform.
In 2020, Spotify launched several new features, including the ability to add polls to podcasts, improved playlists, and an AI-powered tool that could generate a personalized workout playlist for users.
Spotify has faced some criticism from artists and music labels, who have accused the company of undervaluing music and failing to properly compensate creators. Despite this, the platform has continued to grow, expanding its user base, and diversifying its content offerings, making it a significant player in the music and podcast industries.
Company Address: 33 Boulevard Prince Henri Luxembourg 0
Company Phone Number: Stock Exchange / Ticker: NYSE SPOT
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1.58% 
89.32 %