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Spotify's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Spotify is an online portal that allows users to explore and download songs.

Spotify is a Public company. Spotify's IPO d... Read more

Annual Revenue

Employees

Daniel Ek's photo - Chairman & CEO of Spotify

Chairman & CEO

Daniel Ek

CEO Approval Rating

74/100

OVERVIEW

Founded:

2006

Headquarters:

StockholmStockholms län

Status:

PublicIndependent Company of NYSESPOT

Industry Sector:

Broadcasting

Movies & Entertainment

SIC Code:

7373NAICS listing »

7371NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is Deezer a competitor of Spotify?

I don't know

Trending News for Spotify and Spotify's Competitors

January 24, 2020

TechCrunch

The App Store is down

Midday on Friday it appeared that Apple's App Store, a critical piece of the digital and mobile econo... See more »

January 24, 2020

Business Insider

We just got our best look yet at Car Thing, Spotify's mysterious music streaming gadget that it has no plans to sell (SPOT)

SpotifyLast May, Spotify announced a voice-activated music-streaming gadget, called the Car Thing - b... See more »

January 23, 2020

VentureBeat

Amazon asks court to pause Microsoft's work on Pentagon's $10 billion JEDI contract

Amazon has filed a motion in court to pause the U.S. Department of Defense and Microsoft from carryin... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Apple is perceived as one of Spotify's biggest rivals. Apple is headquartered in Cupertino, California, and was founded in 1976. Apple operates in the Computer Hardware industry. Apple generates 3,466% the revenue of Spotify.

TuneIn is one of Spotify's top competitors. TuneIn is a Private company that was founded in 2001 in San Francisco, California. Like Spotify, TuneIn also competes in the Broadcasting field. Compared to Spotify, TuneIn has 3,451 fewer employees.

iHeartRadio has been one of Spotify's top competitors. iHeartRadio was founded in 2008 in San Antonio, Texas. Like Spotify, iHeartRadio also works within the Broadcasting industry. iHeartRadio generates $7.1B less revenue than Spotify.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Daniel Ek

Chairman & CEO

- -
3,651
$11.3B
$7.5B
1

Timothy Cook

CEO

71/100
132,000
$1B
$260.2B
2

Juliette Morris

CEO

68/100
200
$97.9M
$25M
3

Bob Pittman

Chairman & CEO

76/100
1,582
- -
$376.9M
4

David Porter

Founder & CEO

66/100
27
$37.5M
$15M
5

Hans-Holger Albrecht

CEO

71/100
560
$438.3M
$400M
6

Jeffrey P. Bezos

Chairman & CEO

80/100
647,500
$56M
$265.5B
7

CEO

- -
2,488
$921.2M
$1.5B
8

Kerry Trainor

CEO

60/100
280
$467.8M
$102M
9

Bill Patrizio

President & CEO

55/100
75
$61M
$160M
10

CEO

- -
305
- -
$20M
The top 10 competitors in Spotify's competitive set are Apple, TuneIn, iHeartRadio, 8tracks, Deezer, Amazon, Pandora, SoundCloud, Napster and Tidal. Together they have raised over 3.1B between their estimated 789.5K employees. Spotify has 3,651 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 71,697.

Quarterly and Annual Revenue

Coming soon for Spotify!

Annual Revenue

$7.5B

Spotify's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 48.7B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
SoundBetter, Inc.

Sep 2019

Source »
undisclosed
SoundBetter is a music production marketplace that allows audio professionals to create sounding content and hire musicians.
Cutler Media LLC.

Mar 2019

Source »
$56M
Parcast is a digital media company that produces storytelling podcasts for television shows.
Anchor FM, Inc.

Feb 2019

Source »
$140M
Anchor is a mobile application that enables users to create, host, broadcast and monetize podcast episodes.
Gimlet Media, Inc.

Feb 2019

Source »
undisclosed
Gimlet Media is a digital media company that produces narrative podcasts for films and television shows.
Loudr

Apr 2018

Source »
undisclosed
Loudr is a music licensing platform that allows content creators and aggregators to identify, track and pay royalties to music publishers.

These are all the companies that Spotify has acquired. Spotify has acquired 16 companies and its latest acquisition was SoundBetter, Inc. in Sep 2019. SoundBetter is a music production marketplace that allows audio professionals to create sounding content and hire musicians.

Spotify Funding History

Since Spotify was founded in 2006, it has participated in 8 rounds of funding. In total Spotify has raised $11.3B. Spotify's last funding round was on Mar 2016 for a total of $1.0B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Mar 2016
$1B
Series G
Jun 2015
$526M
Series F
Nov 2013
$250M
Series E
Nov 2012
$100M
Series D
Jun 2011
$100M

Total Funding: $11.3B

Since Spotify was founded in 2006, it has participated in 8 rounds of funding. In total Spotify has raised $11.3B. Spotify's last funding round was on Mar 2016 for a total of $1.0B

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Factorial develops and provides web-based human resource management software products for businesses.
$3.2M
Sep 30, 2018
Equity
-
Zopa is a peer-to-peer lending platform that offers personal loans for individuals.
$41.1M
May 31, 2017
Series E
-
Seriously is a gaming studio that develops and publishes mobile online video games.
$18M
Aug 03, 2015
Series A
Aug 01, 2019
Soundtrack Your Brand is an online platform that enables users to stream and download unlimited music from Spotify.
$10.9M
Jun 22, 2015
Series B
-

These are all the companies that Spotify has invested in. Spotify has invested 16 companies and its latest investment was SoundBetter, Inc. in Sep 2019. SoundBetter is a music production marketplace that allows audio professionals to create sounding content and hire musicians.

Spotify News

January 23, 2020iMore

Someone built a Spotify player for a Macintosh SE/30 and now I'm in love

What you need to know The Macintosh SE/30 debuted in 1989. Spotify is a modern music streaming servic... See more »
January 23, 2020USA Science News

Amazon Music could soon beat Apple - but Spotify is still the streaming king

Amazon has announced that its music streaming service, Amazon Music, has surpassed 55 million subscri... See more »
January 23, 2020MobileSyrup

Netflix releases viral 'Toss A Coin To Your Witcher' song on Spotify

Netflix has dropped the official version of the "Toss A Coin To Your Witcher" song from its popular T... See more »
January 22, 2020CNET

Amazon Music isn't even close to catching Spotify, despite 55M listeners - CNET

It's getting pretty close to Apple Music, though.... See more »
January 22, 2020Music Business Worldwide

Spotify is testing a story feature for influencer playlists

YouTube star Summer Mckeen is the first influencer to test the featureThe post Spotify is testing a s... See more »
January 22, 2020Deadline

Spotify Strikes Podcast Deal With Asylum Entertainment Group's Audity As Audio Division Hires Frank Hajdu To Oversee Slate

EXCLUSIVE: Spotify has struck a podcast deal with Audity, the audio division of Steve Michaels' Asylu... See more »
January 22, 2020Canadian Reviewer

Spotify can generate playlists for your pets

See more »

Spotify Blogs

July 26, 2018Spotify Blog

Releasing Gimme: Managing time bound IAM conditions in Google Cloud Platform

We're excited to release Gimme to the world. Gimme presents its users with a simple web interface tha... See more »
June 29, 2018Spotify Blog

Spotify ML Day - July 9th 2018 - Stockholm

We are happy to announce the first Spotify Machine Learning Day taking place Monday, July 9th, 2018, ... See more »
May 30, 2018Spotify Blog

Introducing The Million Playlist Dataset and RecSys Challenge 2018

Here at Spotify, we love playlists. Playlists like Today's Top Hits and RapCaviar have millions of lo... See more »
March 2, 2018Spotify Blog

Introducing Coördinator: A new open source project made at Spotify to inject some whimsy into data visualizations

Coördinator is an open source browser interface to help you turn an SVG into XY coordinates. That mea... See more »
February 5, 2018Spotify Blog

Spotify Spotlight: Interview with Continuous Delivery Engineer Donnie Thompson

This is part 5 in our new interview series called "Spotify Spotlight." In these interviews, we showca... See more »
January 22, 2018Spotify Blog

Spotify Spotlight: Interview with Data Engineer Ankita Pawar

This is part 4 in our new interview series called "Spotify Spotlight." In these interviews, we showca... See more »
January 11, 2018Spotify Blog

Testing of Microservices

Why do we write tests? Most people would say that we write tests to verify that things work as we exp... See more »

Spotify Press Releases

November 26, 2019Business Wire

Pro Music Rights LLC Seeks Over $1 Billion for Its Clients in Just-Filed Federal Lawsuit Against Spotify

NAPLES, Fla.--(BUSINESS WIRE)---- $SPOT #PMR--Pro Music Rights Seeks Over $1 Billion for Its Clients ... See more »
November 19, 2019StreetInsider

Spotify's Barry McCarthy and Paul Vogel to Present at the RBC Global Technology, Internet, Media and Telecommunications (TIMT) Conference

NEW YORK--(BUSINESS WIRE)-- Spotify Technology S.A. (NYSE: SPOT) announced today that Barry McCarthy,... See more »
November 5, 2019WebWire

Spotify Returns to BBC Music Introducing Live 2019 As Official Partner

BBC Music Introducing Live -the three-day, all-access event to help you make it in the industry-is ba... See more »
September 25, 2019PR Newswire Asia

Diageo Showcase Headsets to Predict Your Favourite Cocktail and a Spotify Partnership to Soundtrack Them

Partnerships set to transform your future drinks experiences revealed at Diageo World Class Bartender... See more »
September 17, 2019Korea Newswire

Spotify Acquires SoundBetter, the Leading Music and Audio Production Talent Marketplace

Spotify Technology S.A. (NYSE:SPOT), the world's most popular audio streaming subscription service, t... See more »
August 7, 2019Business Wire

Tarpon Cellars, Spotify Collaborate to Cultivate Music-Rich Wine Experience

NAPA, Calif.--(BUSINESS WIRE)--#music--Tarpon Cellars, a Napa-based wine label focused on bringing pe... See more »
August 7, 2019WebWire

Spotify's Front Left Live Returns to Australia for a Second Year, Celebrating the Best Genre-Defying New Music

Melbourne, Australia, has long been a music epicenter and live music hotspot. In keeping the music di... See more »

Spotify Videos

December 13, 2019Spotify Youtube Channel

"How It's Made: Anchor" on YOUTUBE

See more »
December 12, 2019Spotify Youtube Channel

"#SpotifyWrapped | Food to Fitness | Well Played India" on YOUTUBE

See more »
December 9, 2019Spotify Youtube Channel

"22 Yarns 30 sec" on YOUTUBE

See more »
December 9, 2019Spotify Youtube Channel

"20191205 BhaskarBose Spotify 9 16" on YOUTUBE

See more »
November 25, 2019Spotify Youtube Channel

"Ya está disponible "HOY - 3Décadas" en Spotify" on YOUTUBE

See more »
November 12, 2019Spotify Youtube Channel

"El poder vuelve a nosotros. #S0503" on YOUTUBE

See more »
October 23, 2019Spotify Youtube Channel

"Stay Scary" on YOUTUBE

See more »

Social Statistics

Headquarters

Regeringsgatan 19

Stockholm, Stockholms län111 53

46-7-22-24-00-01

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Spotify Ltd. is a Swedish commercial music streaming, podcast and video service company headquartered at Birger Jarlsgatan 61, 4tr, Stockholm, Sweden. The company was launched in October 2008. The platform was developed in April 2006 by a team at Spot...

CEO

Spotify's Chairman & CEO, Daniel Ek, currently has an approval rating of 74%. Spotify's primary competitors are Apple, TuneIn & iHeartRadio.

Website

spotify.com

Frequently Asked Questions about Spotify

  1. When was Spotify founded?

    Spotify was founded in 2006

  2. Who is Spotify's CEO?

    Spotify's CEO is Daniel Ek

  3. How much revenue does Spotify generate?

    Spotify generates $7.5B in revenue

  4. How much funding does Spotify have?

    Spotify has historically raised $11.3B in funding

  5. Where is Spotify's headquarters?

    Spotify's headquarters is in Stockholm Stockholms län, SE

  1. How many employees does Spotify have?

    Spotify has 3,651 employees

  2. What sector does Spotify operate in?

    Spotify is in Broadcasting, Movies & Entertainment

  3. Who are Spotify's competitors?

    Spotify's top competitors are Apple, TuneIn, iHeartRadio

  4. Who has Spotify invested in?

    Spotify's has invested in companies such as Factorial, Zopa, Seriously
Stay up-to-date with the latest news on Spotify