Spotify Technology SA - Company Profile
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Business Description
Spotify Technology SA (Spotify) is a provider of audio streaming subscription services. The company offers over 100 million tracks, including more than 5 million podcast titles.
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R&D Overview
Spotify’s R&D arm focuses on development of products related to the company's platform and service, as well as new advertising products and improvements to the company's mobile and desktop applications and streaming services. In FY2023, the company incurred expenditure of EUR1,725 million, which as a percentage of revenue, stood at 13%.
Business Segments
Overview
Offers end users with unlimited online access to podcasts catalog and limited on-demand online access to music catalog on their tablets, computers and compatible mobile devices. Generates revenue through the sale of audio, display, and video advertising across the company's podcast and music content.
Performance
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Overview
Provides offline and online streaming access to music and podcasts catalog on tablets, computers, and mobile devices. Also offers a music listening experience without commercial breaks. Major plans include Standard Plan, Family Plan, Student Plan and Duo Plan. Sells directly to end users and through partners such as telecommunications companies who collect payment from the end user for the stand-alone subscriptions.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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