Spotify

Spotify is a Swedish audio streaming service founded in April 2006 by Daniel Ek and Martin Lorentzon. It is the world's most popular music streaming platform, boasting over 761 million monthly active users and 293 million paying subscribers across 184 markets. The company is publicly traded on the New York Stock Exchange under the ticker SPOT and has its registered office in Luxembourg, with principal operations in Stockholm and New York. Spotify offers access to over 100 million songs, 7 million podcast titles, and hundreds of thousands of audiobooks. Its services include a freemium model where users can access basic features for free with ads or opt for premium subscriptions that provide offline listening and ad-free experiences. The platform caters to a diverse audience, including individual users, families, students, and couples, making it a significant contributor to the global music industry. In FY2024, Spotify generated approximately €15.7 billion in revenue.