SPOTIFY TECHNOLOGY S.A.

(SPOT)
  Report
Real-time Estimate Cboe BZX  -  12:43 2022-08-10 pm EDT
119.65 USD   +3.54%
08/08DA Davidson Cuts Spotify Technology's Price Target to $175 From $190 'to Reflect Depressed Valuations,' Reiterates Buy/Add Rating
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08/05Spotify Technology Likely to Increase Gross Margin Over Long Term, D.A. Davidson Says
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08/05EXCLUSIVE : Deezer to begin German expansion using Brazil, France model - CEO
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Business Summary
Logo Spotify Technology S.A.
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and high quality audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries.
Sales per Business
20202021Delta
Premium8 133.7290.5%9 999.5687.5% +22.94%
Ad-Supported849.289.5%1 427.8312.5% +68.12%
USD in Million
Sales per region
20202021Delta
Other Countries4 664.7851.9%5 881.5451.5% +26.08%
United States3 359.5037.4%4 363.8738.2% +29.9%
United Kingdom953.0210.6%1 174.8910.3% +23.28%
Luxembourg5.700.1%7.090.1% +24.42%
USD in Million
Managers
Name Title Age Since
Daniel Ek Chairman & Chief Executive Officer 37 2006
Paul Vogel Chief Financial Officer 48 2020
Stig S÷derstr÷m Chief Research & Development Officer 44 -
Bryan Daniel Goldberg Investor Relations Contact - -
Alex Norstrom Chief Premium Business Officer 44 -
Dawn Ostroff Chief Content & Advertising Business Officer 60 2020
Eve Konstan General Counsel - 2020
Katarina Berg Chief Human Resources Officer 52 -
Paul Sawyer Chief Accounting Officer & Controller - 2019
Members of the board
Name Title Age Since
Daniel Ek Chairman & Chief Executive Officer 37 2006
Martin Lorentzon Independent Director 52 2006
Cristina Stenbeck Independent Director 43 2017
Thomas O. Staggs Independent Director 60 2017
Padmasree Warrior Independent Director 60 2017
Christopher Phelan Marshall Lead Independent Director 53 2015
Heidi L. O'Neill Independent Director 56 2017
Theodore Sarandos Independent Director 56 2016
Mona K. Sutphen Independent Director 54 2021
Shishir Samir Mehrotra Director 41 2017
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 195,614,910 140,176,335 71.7% 3,463,099 1.8% 71.7%
Shareholders
NameEquities%
Baillie Gifford & Co. 23,228,574 12.0%
Martin Lorentzon 20,959,762 10.9%
Tencent Holdings Limited 16,631,969 8.62%
T. Rowe Price Associates, Inc. (Investment Management) 15,947,931 8.27%
Daniel Ek 14,091,664 7.31%
Morgan Stanley Investment Management Co. 8,121,452 4.21%
Sony Group Corporation 5,124,560 2.66%
TCMI, Inc. 3,618,272 1.88%
Alecta Pension Insurance Mutual 2,785,600 1.44%
ARK Investment Management LLC 2,043,367 1.06%
Holdings
NameEquities%Valuation
TENCENT MUSIC ENTERTAINMENT GROUP CLASS A 282,830,698 16.9% 709,905,052 USD
Company contact information
Spotify Technology SA
42-44, avenue de la Gare
Luxembourg 1610

Web : http://www.spotify.com
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