Spotify is a Swedish music streaming and media services provider that was founded in 2006. The company mainly provides an audio streaming platform, also called "Spotify", that was launched in October 2008. It offers DRM-restricted recorded music and podcasts, including more than 60 million songs, from record labels and media companies. As a freemium service, basic features are free with advertisements or automatic music videos, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Users can browse by parameters such as artist, album, or genre, and can create, edit, and share playlists.
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Spotify Technology news
24.10.2023
Spotify's IFRS net profit for 9 months of 2023 amounted to €65 million, against a loss of €166 million in the previous year. Revenue increased by 10.6% to €3.357 billion versus €3.036 billion a year earlier.
Source: s29.q4cdn.com
25.07.2023
Spotify's IFRS loss in Q2 2023 amounted to €302 million, up 2.4 times from €125 million in the previous year. Revenue increased by 10.9% to €3.177 billion from €2.864 billion a year earlier.
Source: s29.q4cdn.com
25.04.2023
Spotify Technology's IFRS loss for 3 months of 2023 was €225 million, compared to a profit of €131 million in the previous year. Revenue increased by 14.3% to €3.042 billion compared to €2.661 billion a year earlier.
Source: s29.q4cdn.com
31.01.2023
Spotify monthly active users totaled 489 million in Q4 2022, up 20% from 406 million a year earlier. Number of premium subscribers increased by 14% to 205 million people. Premium ARPU was €4.55, up 3%. Advertising revenue grew by 14% to €449 million, and its share in revenue also accounted for 14%.
Source: s29.q4cdn.com
General information
| Company name | Spotify Technology |
|---|---|
| Tags | #katie wood's choice, #online platform, #music, #media |
| Sector | Communication Services / Media & Entertainment / Interactive Media & Services / Interactive Media & Services |
| Business address | 42-44, AVENUE DE LA GARE LUXEMBOURG N4 L-1610 46 (70) 220-4607 |
| Mailing address | 42-44, AVENUE DE LA GARE LUXEMBOURG N4 L-1610 |
| Website | www.spotify.com |
| Information disclosure | www.sec.gov |
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