Spotify

Spotify is a Swedish audio streaming and media service provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. As of June 2025, it is one of the largest providers of music streaming services, with over 696 million monthly active users comprising 276 million paying subscribers. Spotify is listed on the New York Stock Exchange in the form of American depositary receipts. Spotify offers digital copyright restricted recorded audio content, including more than 100 million songs and 7 million podcast titles, from record labels and media companies. Operating as a freemium service, the basic features are free... Wikipedia

• Type of business:  Public
• Founded:  April 23, 2006
• Country of origin:  Sweden
• No. of locations:  15 offices
• Founder(s):  Daniel Ek, Martin Lorentzon
• Key people:  Daniel Ek (Chairman & CEO), Martin Lorentzon (treasurer)
• Industry:  Audio streaming, Podcasting
• Revenue:  €15.67 billion (2024)
• Operating income:  €1.365 billion (2024)
• Net income:  €1.138 billion (2024)
• Total assets:  €12.01 billion (2024)
• Total equity:  €5.525 billion (2024)
• Employees:  7,309 (June 2025)
• Subsidiaries:  Spotify AB, Spotify USA Inc, Spotify Ltd (UK), Several other regional subsidiaries
• Registration:  Required
• Users:  Free: 433 million, Paying: 276 million, Total: 696 million(June 30, 2025)
• Launched:  October 7, 2008