Spotify
Spotify is a Swedish audio streaming and media service provider founded in April 2006 by Daniel Ek and Martin Lorentzon. As of September 2025, it is one of the largest providers of music streaming services, with over 713 million monthly active users comprising 281 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 (Chairman), Alex Norström (co-CEO), Gustav Söderström (co-CEO), Martin Lorentzon (co-Founder, Director)
- 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: 7,323 (September 2025)
- Subsidiaries: Spotify AB, Spotify USA Inc, Spotify Ltd (UK), Several other regional subsidiaries
- Registration: Required
- Users: Free: 446 million, Paying: 281 million, Total: 713 million(September 30, 2025)
- Launched: October 7, 2008