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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

72/100

OVERVIEW

Founded:

2006

Headquarters:

Stockholm, Stockholms län

Status:

PublicNYSESPOT

Industry Sector:

Broadcasting,
Movies & Entertainment

SIC Code:

4832 NAICS listing »

4833NAICS listing »

4833NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is 8tracks a competitor of Spotify?

I don't know

Trending News for Spotify and Spotify's Competitors

April 3, 2020

News Gram

Spotify Updates Siri Support on Apple Watch

Swedish music streaming app Spotify has updated its app to take advantage of Siri support on Apple Wa... See more »

April 2, 2020

Fast Company

Apple's Dark Sky acquisition could be bad news for indie weather apps

With its purchase of Dark Sky, Apple is cutting off a major source of inexpensive, hyperlocal weather... See more »

April 3, 2020

Reuters

Exclusive: Amazon to delay Prime Day event due to coronavirus, outlines cloud risks

Amazon.com Inc is postponing its major summer shopping event, Prime Day, until at least August and ex... 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 Computers, Peripherals, Networking and Electronic Equipment industry. Apple generates 3,957% 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 4,205 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.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Daniel Ek

Chairman & CEO

- -
4,405
$11.3B
$6.8B
1

Timothy Cook

CEO

75/100
132,000
$1B
$267.7B
2

Juliette Morris

CEO

71/100
200
$97.9M
$25M
3

Bob Pittman

Chairman & CEO

78/100
11,400
- -
$376.9M
4

David Porter

Founder & CEO

67/100
27
$37.5M
$15M
5

Hans-Holger Albrecht

CEO

71/100
1,500
$438.3M
$400M
6

Jeffrey P. Bezos

Chairman & CEO

80/100
647,500
$56M
$280.5B
7

CEO

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

Kerry Trainor

CEO

69/100
280
$542.8M
$140.5M
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 3.2B between their estimated 950.7K employees. Spotify has 4,405 employees and is ranked 4th among it's top 10 competitors. The top 10 competitors average 72,743.

Quarterly and Annual Revenue

Coming soon for Spotify!

Annual Revenue

$6.8B

Spotify's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 50.7B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Bill Simmons Media Group

Feb 2020

Source »
$141M
The Ringer is an online platform that publishes news and insights on sports.
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.

These are all the companies that Spotify has acquired. Spotify has acquired 17 companies and its latest acquisition was Bill Simmons Media Group in Feb 2020. The Ringer is an online platform that publishes news and insights on sports.

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 17 companies and its latest investment was Bill Simmons Media Group in Feb 2020. The Ringer is an online platform that publishes news and insights on sports.

Spotify News

April 3, 2020Android Police

New UI)

To help you realize that Queens weren't kicking cats all over the placeUpdate 1: 2020/04/03 9:50am PD... See more »
April 3, 2020News Gram

Spotify Updates Siri Support on Apple Watch

Swedish music streaming app Spotify has updated its app to take advantage of Siri support on Apple Wa... See more »
April 3, 2020Android Community

Spotify starts random test of Follow Feed feature

A few months earlier, we saw a renowned reverse engineer post on her Twitter feed that Spotify is com... See more »
April 3, 2020Complete Music Update

Spotify fails to have Eminem's big mechanicals lawsuit dismissed on jurisdiction grounds

A court in Nashville has declined to dismiss Eminem's big mechanical royalties lawsuit against Spotif... See more »
April 3, 2020Built In NYC

Musicians Say They Need Help Now More Than Ever, As Spotify Donates $10M to Support Groups | Built In NYC

Heart Bones By March 13, the indie band Heart Bones found themselves avoiding taking pictures with fa... See more »
April 3, 2020News 18

Spotify Leads Paid Music Streaming Services, Industry Crosses 350mn Users in 2019

Spotify topped with 31 percent share of the total revenue and a 35 percent share of the total paid su... See more »
April 2, 2020Gizmodo UK

Adorable Miniature Record Maker Teaches Kids Not to Take Spotify For Granted

Easy Record Maker teaches kids how vinyl records are created, and also what a vinyl record is.... 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

January 17, 2020StreetInsider

Spotify Reveals Top Work-Out Trends and 2020 Predictions to Help Kick-Start Resolutions

NEW YORK (PRWEB) January 16, 2020 The New Year is here and updating workout and self-care routines is... See more »
January 10, 2020WebWire

Spotify's Head of Global Ads Business and Platform Jay Richman Talks New Spotify Podcast Ads

Jay Richman, Spotify VP, Head of Global Ads Business and Platform, has spent his career at the inters... See more »
November 27, 2019WebWire

Cannes Lions See It Be It programme 2020 opens for applications

See It Be It aims for equal gender representation of creative leaders across the global industry, in ... See more »
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 »

Spotify Videos

February 21, 2020Spotify Youtube Channel

"Ozzy Osbourne - Ordinary Man" on YOUTUBE

See more »
December 18, 2019Spotify Youtube Channel

"13122019 Spotify Film 4 Vertical" on YOUTUBE

See more »
December 13, 2019Spotify Youtube Channel

"#SpotifyWrapped | Wedding to Traffic | Well Played India" on YOUTUBE

See more »
December 13, 2019Spotify Youtube Channel

"Playing with Playlists: Billie Eilish" on YOUTUBE

See more »
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 »

Social Statistics

Headquarters

Regeringsgatan 19

Stockholm, Stockholms länSE-111 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 72%. 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 $6.8B 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 4,405 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