SPOT

Spotify Technology SA
D

SPOT

622.08
USD
72.27
(13.14%)
Market Closed
Volume
358,069
EPS
10
Div Yield
-
P/E
176
Market Cap
125,709,083,482
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Title: Spotify Technology SA

Sector: Communication Services
Industry: Internet Content & Information
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly allits gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions 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.
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