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Spotify Technology S.A.
Spotify Logo
Screenshot o Spotify for iOS
Teep o businessPublic
Foondit23 Apryle 2006; 16 years ago (2006-04-23)
Kintra o originSwaden
No. o locations
CEODaniel Ek
IndustryStreamin on-demand media
RevenueIncrease €6.764 billion (2019)[2]
Net incomeDecrease -€186 million (2019)[3]
Employees3,651 (31 December 2018)[4]
SubsidiariesTencent Music (46.6%)
Alexa rankIncrease 96 (August 2019)[5]
Users286 million
(130 million paying)
Launched7 October 2008; 13 years ago (2008-10-07)

Spotify Technology S.A. (/ˈspɒtɪf/) is a Swadish media-services provider foondit in 2006. The company's primar business is its audio streamin platfuirm that provides DRM-protectit muisic an podcasts frae record labels an media companies. As a freemium service, basic features are free wi advertisements or automatic muisic videos, whilk addeetional featurs, such as impruivit streamin quality, are affered via paid subscriptions.

References[eedit | eedit soorce]

  1. "About Us". Spotify AB. 12 Julie 2018. Retrieved 12 Julie 2018.
  2. "Shareholder Letter Q4 2019" (PDF).
  3. "Shareholder Letter Q4 2019" (PDF).
  4. "Annual Financial Report 2018" (PDF).
  5. "Alexa - Spotify Competitive Analysis, Marketing Mix and Traffic". Archived frae the original on 29 October 2019. Retrieved 15 August 2019.

Freemit airtins[eedit | eedit soorce]