Spotify Technologies SA SPOT

Spotify is a Swedish audio streaming and media services provider, and one of the world’s most popular music streaming services, serving a worldwide customer base of more than 380 million end users, including 172 million subscribers, across 184 markets. The firm was launched in 2008 and is headquartered in Stockholm, Sweden.

The Spotify monetisation model includes both a paid subscription model, referred to as its premium service, which generates the vast majority of the firm’s revenue, and an ad-supported model, which is free to end users but generates a limited amount of advertising revenue for the company. The premium service allows users to access exclusive features including improved sound quality and an on-demand, offline, ad-free music listening experience. Spotify allows users to discover, listen to, and share over 70 million tracks, including more than 3.2 million podcast titles.

The Spotify price chart can be affected by various market conditions, including competition from other music streaming services such as Apple Music, Google Play Music, and Amazon Prime Music. The firm went public in 2018, and trades on the NYSE where it is listed under the stock ticker SPOT.

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