64 Followers USX:SPOT - Spotify Technology SA Spotify
Sector: Communication Services, Industry: Interactive Media & Services
Next Earnings: 23 Apr 2024
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USD 263.9    +3.7 (+1.42%)

28 Mar 2024


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General

CEO: Mr. Daniel G. Ek

IPO: 2018-04-03

Headquarters: US

Employees: 9,241

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Description

Spotify, headquartered in Stockholm, Sweden, is one of the world’s largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify’s 2023 total revenue, respectively.

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