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SPOTIFY TECHNOLOGY S.A.

(SPOT)
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Spotify Technology S A : Singles, 5 Billion Streams Later

05/12/2021 | 02:30pm EDT

Artists aren't the only ones who are excited-5 billion streams marks a huge milestone at Spotify as well.

'We are so excited to reach the 5B stream milestone for Spotify Singles,' says MicheleSantucci, Recorded Music Lead. 'The Spotify Singles catalogue is wide-spanning-huge pop stars, up-and-comers, international artists, icons, and more-which has attracted listeners from around the world. The program supports an artist's strong suits by getting them in the studio with like-minded, best-in-class recording pros and showcasing their art in new ways. By fostering relationships with the artist community and creating content exclusive to Spotify that feeds into our editorial playlisting strategy, Spotify Singles' reaching 5B streams shows that we're at the forefront of the audio space with an engaged listener base.'

Spotify Singles also awards artists with the opportunity to experience a best-in-class recording experience at one of our renowned studios around the world (as well as from the comfort of their own homes during the pandemic).

'As a producer, it's so exciting to work with these exceptional artists in the studio and be part of their most intimate creative process,' says William Garrett, Senior Producer, Spotify Singles. 'From the first contact with the artist, we create an atmosphere that combines seasoned production and recording experience, professionalism, anda mix of vintage gear and the newest tech. All of this plus a healthy dose of vibe sparks the space to create the unique tracks that have become a hallmark of Spotify Singles.'

In recent years, the program has produced original tracks and collaborations in conjunction with popular Spotify playlists including mint, Are & Be, POLLEN, and RapCaviar, as well as in celebration of cultural moments like Pride, the December holiday season and, most recently, for the Grammy's Best New Artist nominees.

From Aoife O'Donovan's first recording in the NYC recording studio in 2016 to the amazing covers recorded from home during the pandemic, Spotify Singles has supported artists of all levels in recording songs they're passionate about, tapping into the global Spotify audience and truly creating a unique experience for Spotify listeners around the world.

Celebrate Spotify Singles' 5 billion stream milestone with even more fun facts and stats about the programs, recordings, and artists.

Ready to add another billion streams or so? Stream every Spotify Singles to date in the Complete Collection.

Disclaimer

Spotify Technology SA published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 18:29:08 UTC.


© Publicnow 2021
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Financials
Sales 2021 9 542 M 11 114 M 11 114 M
Net income 2021 -115 M -134 M -134 M
Net cash 2021 1 927 M 2 245 M 2 245 M
P/E ratio 2021 -331x
Yield 2021 -
Capitalization 41 560 M 48 405 M 48 405 M
EV / Sales 2021 4,15x
EV / Sales 2022 3,45x
Nbr of Employees 5 584
Free-Float 70,4%
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Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 217,19 €
Average target price 245,73 €
Spread / Average Target 13,1%
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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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