Spotify
Spotify is a Swedish audio streaming and media service provider founded in April 2006 by Daniel Ek and Martin Lorentzon. As of March 2026, it was one of the largest providers of music streaming services, with over 761 million monthly active users comprising 293 million paying subscribers. Spotify is listed on the New York Stock Exchange in the form of American depositary receipts. Spotify offers DRM-protected audio content, including over 100 million songs and over 7 million podcast titles, from record labels and media companies. Operating as a freemium service, the basic features are free with advertisements and limited... Wikipedia
- Type of business: Public
- Founded: April 2006
- Country of origin: Sweden
- No. of locations: 15 offices
- Area served: Worldwide (except blocked countries)
- Founder(s): Daniel Ek, Martin Lorentzon
- Key people: Daniel Ek (executive chairman), Alex Norström (co-CEO), Gustav Söderström (co-CEO)
- Industry: Audio streaming, Podcasting
- Revenue: €15.67 billion (2024)
- Operating income: €1.365 billion (2024)
- Net income: €4.5 billion (2025)
- Total assets: €12.01 billion (2024)
- Total equity: €5.525 billion (2024)
- Employees: 7,258 (March 2026)
- Subsidiaries: Spotify AB, Spotify USA Inc, Spotify Ltd (UK), Several other regional subsidiaries
- Registration: Required
- Users: Free: 483 million, Paying: 293 million, Total: 761 million(March 31, 2025)
- Launched: October 7, 2008