SPOT

Spotify Technology SA
D

SPOT

643.73
USD
41.73
(6.93%)
Market Closed
Volume
252,034
EPS
11
Div Yield
-
P/E
102
Market Cap
132,000,913,242
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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 nearly 700 million monthly active users and over 250 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 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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