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SPOTIFY TECHNOLOGY S.A.

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Spotify Technology S A : How Spotify Is Supporting COVID-19 Vaccine Education and Advocacy

09/22/2021 | 09:52am EDT

As the world's largest audio streaming service,Spotify understands the power of our global platform, and with that power comes a responsibility to play our part in driving change and raising awareness about critical issues facing our society today. Last year, soon after the onset of the COVID-19 pandemic, we determined that our fans and listeners should be able to turn to our platform for information and guidance. We met these needs with the creation of our COVID-19 hub, donations to frontline medical institutions, and the establishment of the Music Relief project. Now, we're using our platform once more, by proactively making it easier for our listeners to access accurate information about the COVID-19 vaccine.

As the COVID-19 vaccines became more widely available, we dedicated our COVID-19 hubs globally to providing accurate vaccine information. We also encouraged our Spotify Studios podcasts to include vaccine education within their ads, PSAs, or episode content. In the U.S., we hosted a live music sweepstakes offering hundreds of vaccinated music fans the chance to win tickets to a live show. Our latest advertising campaign speaks to the concerts we've all missed since the start of the pandemic and reminds listeners that vaccinations will help us get back to concerts by our favorite performers. Finally, we teamed up with the World Health Organization Foundation's Go Give One fundraising campaign to give Spotifiers an opportunity to help address vaccine inequity around the world.

Take a look below at some of our efforts to date.

For more of our ongoing relief efforts, check out our COVID-19 hub.

Disclaimer

Spotify Technology SA published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 13:51:01 UTC.


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Financials
Sales 2021 9 519 M 11 045 M 11 045 M
Net income 2021 -150 M -174 M -174 M
Net cash 2021 1 905 M 2 210 M 2 210 M
P/E ratio 2021 -429x
Yield 2021 -
Capitalization 52 319 M 52 319 M 60 706 M
EV / Sales 2021 5,30x
EV / Sales 2022 4,39x
Nbr of Employees 5 584
Free-Float 70,4%
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Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 273,13 €
Average target price 246,55 €
Spread / Average Target -9,73%
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Managers and Directors
Daniel Ek Chairman & Chief Executive Officer
Paul Aaron Vogel Chief Financial Officer
Stig Gustav Victor S÷derstr÷m Chief Research & Development Officer
Martin Lorentzon Independent Director
Cristina Stenbeck Independent Director
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