Daniel Ek’s pioneering audio platform has always been a clever piece of Swedish kit—a two-sided marketplace that makes money both from listeners and creators. With the live-entertainment industry on its knees, thanks to a pandemic, Spotify has a fresh window of opportunity to double down on artist services and exclusive content (such as podcasts) and has proved effective at wooing customers away from competitors like Apple.
Frazer Harrison—Getty Images for Spotify
Company Information
As of 12/3/20
Country
Sweden
Headquarters
Stockholm
Industry
Entertainment
CEO
Daniel Ek
Website
Company Type
Public
Ticker
SPOT
Revenues ($M)
$8,476
Profits ($M)
$-745
Market Value ($M)
$49,292
Employees
4,405
Figures are for the latest twelve months ended Sept. 30, 2020. Market Value as of Nov. 20, 2020. Sources: Bloomberg; S&P Global.
Future 50As of 12/3/20
Overall Score
28
Sector
Communication Services
Historical Data
| Year | Revenues ($M) | Profits ($M) |
|---|---|---|
| 2019 | $6,873 | $305 |
Lists ranking Spotify
Latest news for Spotify
- Tech
Spotify joins Amazon, Microsoft and Google in announcing layoffs, with 6% of staff facing the axeJanuary 23, 2023, 10:15 AM UTC - Tech
Spotify Wrapped 2022 just dropped. Bad Bunny is the global artist—here’s who else made the top 5November 30, 2022, 3:37 PM UTC
- Podcaster Alex Cooper shares her best dating advice, what she can’t live without, and more;;1:34
- Brainstorm Design 2022 - Building Diverse Teams ;21:51Conferences, Brainstorm Design;
- Top podcasts and artists on Spotify;1:15News, Radar;
- How A.I. is evolving in a post-pandemic world;4:21Conferences, Brainstorm A.I.;
