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Spotify Technology SA
Previous close
$385.10
Day range
$380.63 - $389.33
Year range
$164.83 - $397.20
Market cap
77.21B USD
Avg Volume
1.46M
P/E ratio
155.83
Dividend yield
-
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(EUR) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 3.81B | 19.83% |
Operating expense | 846.00M | -16.49% |
Net income | 274.00M | 190.73% |
Net profit margin | 7.20 | 175.71% |
Earnings per share | 1.33 | 185.81% |
EBITDA | 283.00M | 280.25% |
Effective tax rate | -1.48% | — |
Balance Sheet
Total assets
Total liabilities
(EUR) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 4.95B | 45.97% |
Total assets | 10.15B | 38.76% |
Total liabilities | 5.89B | 11.96% |
Total equity | 4.26B | — |
Shares outstanding | 200.81M | — |
Price to book | 18.16 | — |
Return on assets | 6.92% | — |
Return on capital | 11.81% | — |
Cash Flow
Net change in cash
(EUR) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 274.00M | 190.73% |
Cash from operations | 492.00M | 3,684.62% |
Cash from investing | -92.00M | -181.42% |
Cash from financing | 184.00M | 2,400.00% |
Net change in cash | 603.00M | 463.55% |
Free cash flow | 277.62M | 1,279.50% |
About
Spotify is a Swedish audio streaming and media service provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. As of June 2024, it is one of the largest providers of music streaming services, with over 626 million monthly active users comprising 246 million paying subscribers. Spotify is listed on the New York Stock Exchange in the form of American depositary receipts.
Spotify offers digital copyright restricted recorded audio content, including more than 100 million songs and 6 million podcast titles, from record labels and media companies. Operating as a freemium service, the basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists. It offers some social media features, following friends and creating listening parties called "Jams".
Spotify is available in most of Europe, as well as Africa, the Americas, Asia, and Oceania, with a total availability in 184 markets. Wikipedia
CEO
Founded
2006
Website
Employees
9,123