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Spotify
AddedFeb 20, 2024
UpdatedJul 15, 2026
Spotify

Spotify

Public

Swedish-founded Spotify is a leading global audio streaming service with over 590M active users.

HQ
Stockholm, Stockholm County, SE
Founded
2006
Overview
Compare
Fundraising
Employees
News
Website

Spotify, founded on April 23, 2006, by Daniel Ek and Martin Lorentzon, is a Swedish audio streaming and media services provider. The company’s core mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it. Spotify offers a vast library of music and podcasts, catering to a global audience with over 590 million monthly active users, including 226 million paying subscribers as of September 2023. It operates in the audio streaming and podcasting industry, with headquarters in Stockholm, Sweden, and 15 offices worldwide.

Notable figures affiliated with Spotify include co-founders Daniel Ek, who serves as Chairman and CEO, and Martin Lorentzon, who is the treasurer. The company is publicly traded on the New York Stock Exchange under the ticker SPOT. Spotify has achieved significant milestones, such as becoming one of the largest music streaming platforms globally and generating €13.25 billion in revenue in 2023. Despite facing operating and net income losses, Spotify's impact on the music and podcasting industry is profound, revolutionizing how content is consumed and monetized worldwide.

Spotify - Products & Services

  • Spotify Music logo

    Spotify Music

    Spotify Music is the audio streaming service for songs and podcasts from Spotify.

    Competing Products

    Apple logo

Spotify - Similar Companies

Augment Code logo

Augment Code

Apple logo

Apple

britannica.com

Spotify - Quick Facts

Who are Spotify's competitors?

Companies similar to Spotify include Apple.

When was Spotify founded?

Spotify was founded in 2006.

Where is Spotify's headquarters located?

Spotify's headquarters is located in Stockholm, Stockholm County, SE.

How much has Spotify raised to-date?

As of Feb 10, 2023, Spotify has raised a total of $2.1B (USD).

How many employees does Spotify have?

Spotify has 10,000 employees as of Feb 10, 2024.

Spotify - Classification

Ownership
  • Public
Technology
  • AI
Geographic Exposure
  • Global
Model
  • Platform
Revenue
  • Advertising
  • Recurring
  • Software
Customer
  • Consumers
Tags
  • Music
  • SaaS
  • Streaming
Unique IDs
  • ein: 000000000
  • secCik: 0001639920
  • ticker: SPOT
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software
ISIC
  • 6311Data processing, hosting and related activities
Show 9 more industry codes
NAICS
  • 518000Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
  • 518200Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
  • 518210Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
SIC
  • 7310Advertising
  • 7380Miscellaneous Business Services
  • 7313Radio, Television, And Publishers' Advertising Representatives
  • 7374Computer Processing and Data Preparation and Processing Services
  • 7379Computer Related Services, Not Elsewhere Classified
  • 7389Business Services, Not Elsewhere Classified