Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with online and offline streaming access of music and podcasts on computers, tablets, and mobile devices. The Ad-Supported segment offers users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. The company was founded by Daniel Ek and Martin Lorentzon on December 27, 2006 and is headquartered in Luxembourg.

Spotify’s biggest competitors are major technology companies that don’t need to rely on music to be profitable. Integration in their ecosystems and bundles with other services could make their music streaming services more attractive than Spotify.

With record labels’ power and fixed percentages of revenue going toward music rights, Spotify has little opportunity to expand margins.

Spotify is dependent on record labels, and there’s nothing proprietary about Spotify’s service. Over the long term, record labels could find a way to take a greater share of the industry’s profits.

Advertising revenue growth should pick up as Spotify’s podcasts are now being offered on other platforms, and targeting for ad-supported music customers is improving.

Music streaming penetration in many countries is quite low, both in absolute terms and relative to uptake for video streaming services. This provides a long runway for further subscriber growth. 

Spotify has significant room to continue raising prices after historically not doing so. The value is higher, and the price is lower for a Spotify subscription than nearly all video streaming services.

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Spotify

Why Robinhood?

About SPOT

Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments.

SPOT Key Statistics

Analyst ratings

75%

Spotify

Why Robinhood?

Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments. Show more

SPOT Key Statistics

Analyst ratings

75%

Spotify Technology SA engages in the provision of digital music services. It operates through the Premium and Ad-Supported segments.