When was Spotify founded?

Spotify was founded in 2006 Learn more about Spotify

Who is Spotify's CEO?

Spotify's CEO is Daniel Ek View the CEO's ratings

How much revenue does Spotify generate?

Spotify generates $7.1B in revenue View quarterly and annual revenue performance

How much funding does Spotify have?

Spotify has historically raised $11.3B in funding More about funding for Spotify

Where is Spotify's headquarters?

Spotify's headquarters is in Stockholm Stockholms län, SE See the address and contact information for Spotify

How many employees does Spotify have?

Spotify has 5,584 employees Learn more about Spotify

What sector does Spotify operate in?

Spotify is in Internet Software, Application Software Learn more about Spotify competitors in Internet Software

Who are Spotify's competitors?

Spotify's top competitors are Apple, TuneIn, iHeartRadio View the full list of Spotify competitors

Who has Spotify invested in?

Spotify's has invested in companies such as Factorial, Zopa, Seriously More about Spotify investments

Overview Competitors Acquisitions Funding News & Insights

Spotify

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

664,034 Followers on Owler

Spotify

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

Chairman & CEO

Daniel Ek

CEO Approval Rating

82/100

Founded:

2006

Status:

PublicIndependent CompanyNYSESPOT

SIC Code:

4832 NAICS listing »

4833 NAICS listing »

Website:

https://www.spotify.com/

Annual Revenue

Employees

Sector

Headquarters

SPOTIFY TOP COMPETITORS OR ALTERNATIVES

Missing a competitor? Contribute!

The top 10 competitors in Spotify's competitive set are Apple, TuneIn, iHeartRadio, 8tracks, Deezer, Amazon, Pandora Media, SoundCloud, Napster, TIDAL. Together they have raised over 3.3B between their estimated 1.6M employees. Spotify has 5,584 employees and is ranked 5th among it's top 10 competitors. The top 10 competitors average 60,833.

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 4,573% 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. TuneIn competes in the Broadcasting field. Compared to Spotify, TuneIn has 5,384 fewer employees.

iHeartRadio has been one of Spotify's top competitors. iHeartRadio was founded in 2008 in San Antonio, Texas. iHeartRadio competes in the Broadcasting industry. iHeartRadio generates $4.2B less revenue than Spotify.

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Competitor - 1/1

Is 8tracks a competitor of Spotify?

I don't know

Spotify Quarterly and Annual Revenue

Coming soon for Spotify!

Annual Revenue

$7.1B

Spotify's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 57.3B.

Spotify Acquisitions

COMPANY ACQUIRED

ACQUISITION DATE

AMOUNT

DESCRIPTION

Locker Room

Mar 2021

Source »

undisclosed

Locker Room is a California-based audio streaming platform that allows users to make discussions, debates and ask me anything sessions on sports segments.

Betty Labs

Mar 2021

Source »

$50M

Betty Labs is a California-based audio streaming platform that allows writers, musicians, songwriters and podcasters to make discussions, debates and ask me anything sessions.

Megaphone, LLC

Nov 2020

Source »

$235M

Megaphone is a podcast technology company that provides hosting and advertisement-insertion solutions for brands and publishers.

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.

+ See more acquisitions

These are all the companies that Spotify has acquired. Spotify has acquired 20 companies and its latest acquisition was Locker Room in Mar 2021. Locker Room is a California-based audio streaming platform that allows users to make discussions, debates and ask me anything sessions on sports segments.

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 Apr 2018 for a total of $9.2B

IPO

Apr 2018

$9.2B

Debt

Mar 2016

$1B

TPG Capital

Series G

Apr 2015

$526M

Series F

Nov 2013

$250M

Series E

Nov 2012

$100M

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 Apr 2018 for a total of $9.2B

Spotify Investments

Factorial develops a cloud-based platform that provides payroll, employee onboarding and performance management solutions for businesses.

$3.2M

Sep 30, 2018

Equity

Zopa is a UK-based online peer-to-peer lending platform that provides unsecured loans, credit cards and car finance products for individuals.

$41.1M

May 31, 2017

Series E

Seriously is an entertainment company that develops and publishes games for PCs and smartphones.

$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 20 companies and its latest investment was Locker Room in Mar 2021. Locker Room is a California-based audio streaming platform that allows users to make discussions, debates and ask me anything sessions on sports segments.

Spotify News

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May 6, 2021Complete Music Update

Artists back campaign against Spotify's emotion tracking patent

The pressure is building on Spotify to formally abandon a patent it recently secured in the US which ... See more »

May 5, 2021EDMTunes

Spotify Launches New Podcast Monetization Programs

Spotify is launching a new monetization program through a paid podcast subscription plan and a new Op... See more »

May 5, 2021Voicebot

Spotify Voice AI and Social Audio Strategy with Messina, Kemp, Schwartz and Greenberg - Voicebot Podcast Ep 207

Spotify recently released a custom voice assistant called 'Hey Spotify,' acquired (then rebranded) Lo... See more »

May 5, 2021Channel News

Spotify Funnels Australian Revenue Through Swedish Office

According to documents filed to ASIC, Spotify received zero subscription revenue from Australian user... See more »

May 5, 2021Digital Music News

Spotify Strikes Deal With FanDuel for The Ringer Podcast Sponsorship

FanDuel has signed an exclusive partnership with Spotify to become the sports betting partner of The ... See more »

May 4, 2021M is for Music

Spotify & Fellow Streamers Soared in 2020, But Expect Growth to Slow

Streaming services from Spotify to Netflix did gangbusters during the pandemic, but investors shouldn... See more »

May 4, 2021Hitech Wiki

the price of subscriptions increases, France spared (for now)

Bad news for Spotify users based in Europe. The Swedish firm has just announced an overall increase i... 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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April 15, 2021GlobalNewswire

Verizon Media Partners with Kellogg Company, Snap and Spotify to Address the Global Mental Health Crisis

Introducing Mind Together, a coalition to destigmatize mental health at work Introducing Mind Togethe... See more »

February 16, 2021StreetInsider

SPOT) Featured in Analysis Report

February 13, 2021WebProNews

Spotify the Latest Company to Embrace Permanent Remote Work

WebProNewsSpotify the Latest Company to Embrace Permanent Remote WorkSpotify has announced it will al... See more »

February 5, 2021GlobalNewswire

Spotify Playlist Placements And Submission Guide By Trackpromoters For Hassle-Free Music Promotion

New York City, USA, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Whether you've been in the music industry for a... See more »

January 19, 2021WebProNews

Bad News For Spotify As Citi Says Podcast Bet Not Paying Off

WebProNews Bad News For Spotify As Citi Says Podcast Bet Not Paying Off Citi analysts don't believe S... See more »

November 20, 2020MarketersMedia

UK Based Spotify Promotional Service Launched for Indie Artists

A new Spotify music promotion service has been launched by the team at Music Gateway. They strive to ... See more »

September 17, 2020MarketersMedia

New Single From Alternative Indie Rock Band Streaming On Spotify Music Released

Indie rock band Earthquake Lights, known for its alternative rock style with jazz-inflicted harmonies... See more »

Spotify Videos

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March 26, 2021Spotify Youtube Channel

"Batch of 2010/ Class of 2010" on YOUTUBE

March 26, 2021Spotify Youtube Channel