Spotify Technology SA D
D
SPOT
515.97
USD
6.44
(1.26%)
Market Closed
Volume
44,341
EPS
15
Div Yield
-
P/E
43
Market Cap
106,203,408,956
News
Title: Spotify Technology SA
Sector: Communication Services
Industry: Internet Content & Information
Spotify is the leading global music streaming service provider, with over 750 million monthly active users and 290 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.