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SPOTIFY TECHNOLOGY S.A.

(SPOT)
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Spotify Technology S A : Get to Know Some of the Features in Our Live Interactive Audio Offering, Greenroom

06/17/2021 | 03:20am EDT

At Spotify, we're constantly iterating and innovating the future formats of audioin order to enable creators and their fans to connect in new ways. So in March, when we announced the acquisitionof Betty Labs, the creators of Locker Room, we marked the addition of live audio as part of the Spotify ecosystem. This move provides yet another opportunity for creators of all types to connect with their fans more deeply and meaningfully.

Since bringing the Locker Room app into the fold, we've been working to expand its capabilities, with the goal of creating a live audio experience that will delight creators and listeners everywhere. And we wanted to do it with a Spotify twist that operated as an extension of the app already loved by 356 million listeners. That's why we renamed it 'Spotify Greenroom,' as our Founder and CEO, Daniel Ek, announced in an episode of the Spotify: For the Recordpodcast.

Today, we're making Spotify Greenroom available for the first time in its new form, available on iOS and Android in over 135 markets around the world. We're building Greenroom with the creators and artists in mind who make Spotify great, optimizing for interactivity and deep connections between participants in live rooms. The app, rolling out today, includes:

  • New app branding (aka Greenroom) and a new overall look and feel
  • The ability for any user to host or participate in live rooms
  • A way to join Greenroom using your Spotify log-in info
  • A new onboarding experience that puts users' interests front and center
  • Recording capabilities so you can complement your on-demand content with live conversations
  • Chat controls to ensure the best possible experience

You can…

Join a group

[Link]

Search for upcoming rooms

[Link]

Join a room

[Link]

And even create a room.

[Link]

The Greenroom offering will continue to evolve as we learn more about what creators and listeners want from their live audio experience. We'll also bring exciting new programming to the platform spanning music, culture, and entertainment topics in addition to the sports content Locker Room has been known for.

And in the interest of making Greenroom the premier creator-friendly live audio platform, we're also proud to announce that we will be launching a Spotify Creator Fund, which will help live audio creators monetize their work. Anyone who is interested can sign upto find out more about participation when the Creator Fund opens later this summer.

We believe Spotify has an opportunity not only to enable live broadcasts, but to aid discovery, drive consumption, and accelerate growth of the live category overall. Today's app unveiling is our opportunity to begin laying the foundation for the exciting roster of content and capabilities Spotify has in store in our venture into live audio.

Stay tuned for more information, including new content programming and product features later this summer.

Disclaimer

Spotify Technology SA published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 07:19:02 UTC.


© Publicnow 2021
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Financials
Sales 2021 9 535 M 11 179 M 11 179 M
Net income 2021 -118 M -138 M -138 M
Net cash 2021 1 830 M 2 146 M 2 146 M
P/E ratio 2021 -342x
Yield 2021 -
Capitalization 40 491 M 47 475 M 47 475 M
EV / Sales 2021 4,05x
EV / Sales 2022 3,37x
Nbr of Employees 5 584
Free-Float 70,4%
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 211,60 €
Average target price 244,54 €
Spread / Average Target 15,6%
EPS Revisions
Managers and Directors
Daniel Ek Chairman & Chief Executive Officer
Paul Aaron Vogel Chief Financial Officer
Stig Gustav Victor Söderström Chief Research & Development Officer
Martin Lorentzon Independent Director
Cristina Stenbeck Independent Director
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