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

Followers on Owler

660,379

Followers on Owler

Annual Revenue

Employees

Chairman & CEO

Daniel Ek

CEO Approval Rating

90/100

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 Amazon a competitor of Spotify?

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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 3,836% 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 Movies & Entertainment 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 $6.4B less revenue than Spotify.

Daniel Ek

Chairman & CEO

- -

3,651

$11.3B

$6.8B

Timothy Cook

CEO

90/100

132,000

$1B

$260.2B

Juliette Morris

CEO

74/100

200

$97.9M

$25M

Bob Pittman

Chairman & CEO

60/100

1,582

- -

$376.9M

David Porter

Founder & CEO

67/100

$37.5M

$15M

Hans-Holger Albrecht

CEO

65/100

560

$438.3M

$400M

Jeffrey P. Bezos

Chairman & CEO

94/100

647,500

$56M

$265.5B

CEO

- -

2,488

$921.2M

$1.5B

Kerry Trainor

CEO

61/100

1,143

$467.8M

$21.5M

Bill Patrizio

President & CEO

55/100

$61M

$160M

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 790.3K employees. Spotify has 3,651 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 71,775.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$6.8B

Spotify's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 48.6B. Over the last two quarters, Spotify's revenue has decreased by 50.3%. Specifically, in Q1 2019's revenue was $1.7B; in Q4 2018, it was $3.4B.

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.

+ See more acquisitions

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

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

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

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December 9, 2019Gizmodo UK

Spotify Says It Still Has No Plans for Nintendo Switch Support and It Wouldn't Tell You if It Did

Just enjoy the Switch for what it is and stop trying to get more apps on there.... See more »

December 9, 2019Adweek

Here's How to Turn Off Autoplay

By default, Spotify will automatically play "similar songs" when your current music ends. However, di... See more »

December 9, 2019Telecomlive

Your listening history from 2019 and the last decade

Spotify has released its year-ender summary of the most played content on its audio platform in 2019 ... See more »

December 8, 2019EXCLAIM

Spotify Allegedly Removed Brand New from Its "Wrapped" Lists

As originally published by Josiah Hughes on... See more »

December 6, 2019Marketing Dive

Spotify extends annual Wrapped campaign to entire decade, podcast content

The feature is for the first time accessible through the platform's mobile app, and outdoor ads spotl... See more »

December 6, 2019Adweek

Spotify's Year-End Ad Campaign Visualizes a Decade of Listening Habits

Spotify is splashing huge Bonnie Tyler heads and horses in cowboy boots across billboards for its ann... See more »

December 6, 2019Engadget

Spotify wrapped up 2019's music

Hey, good morning! You look fabulous. 2019 isn't quite over, but everyone is looking back, from YouTu... See more »

Spotify Blogs

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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

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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 »

June 9, 2019Korea Newswire

Higher Ground Announces Partnership with Spotify to Produce Podcasts

President Barack Obama and Michelle Obama's production company, Higher Ground, today announced a part... See more »

May 22, 2019Thailand Press Release News

Spotify launches Bi-annual Premium Offer

Back by popular demand! Spotify Premium, the largest global audio streaming subscription service in t... See more »

Spotify Videos

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October 22, 2019Spotify Youtube Channel