S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Compare Stocks

Comparative Price Performance Over Time

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
First Data Corp stock logo
FDC
First Data
$31.69
$31.69
$15.52
$31.69
$29.91B1.939.70 million shsN/A
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$228.09
+0.4%
$244.62
$167.42
$261.73
$41.40B1.5966,570 shs756,510 shs
Paychex, Inc. stock logo
PAYX
Paychex
$119.52
+1.5%
$122.10
$104.09
$129.70
$43.02B0.931.82 million shs2.64 million shs
Republic Services, Inc. stock logo
RSG
Republic Services
$189.76
+0.4%
$185.57
$135.33
$192.57
$59.77B0.681.20 million shs1.57 million shs
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
$275.79
-4.6%
$266.24
$128.67
$313.16
$54.70B1.631.94 million shs4.25 million shs
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Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
First Data Corp stock logo
FDC
First Data
0.00%0.00%0.00%0.00%0.00%
IQVIA Holdings Inc. stock logo
IQV
IQVIA
-0.04%-4.56%-10.62%+5.47%+12.54%
Paychex, Inc. stock logo
PAYX
Paychex
-1.13%-5.19%-2.69%-3.52%+7.31%
Republic Services, Inc. stock logo
RSG
Republic Services
-0.01%-0.14%+0.42%+12.01%+37.37%
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
-1.53%-4.78%+14.43%+41.25%+116.53%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
First Data Corp stock logo
FDC
First Data
N/AN/AN/AN/AN/AN/AN/AN/A
IQVIA Holdings Inc. stock logo
IQV
IQVIA
4.8941 of 5 stars
3.45.00.04.62.92.52.5
Paychex, Inc. stock logo
PAYX
Paychex
4.5688 of 5 stars
1.93.03.34.13.84.21.3
Republic Services, Inc. stock logo
RSG
Republic Services
4.697 of 5 stars
2.35.04.23.62.71.71.9
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
4.2944 of 5 stars
2.45.00.04.52.51.71.9

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
First Data Corp stock logo
FDC
First Data
N/AN/AN/AN/A
IQVIA Holdings Inc. stock logo
IQV
IQVIA
2.80
Moderate Buy$256.8012.59% Upside
Paychex, Inc. stock logo
PAYX
Paychex
1.82
Reduce$123.002.91% Upside
Republic Services, Inc. stock logo
RSG
Republic Services
2.50
Moderate Buy$199.775.27% Upside
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
2.74
Moderate Buy$265.24-3.83% Downside

Current Analyst Ratings

Latest PAYX, RSG, IQV, FDC, and SPOT Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
4/18/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$290.00 ➝ $325.00
4/17/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetNeutral ➝ Neutral$235.00 ➝ $277.00
4/17/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$260.00 ➝ $340.00
4/16/2024
Republic Services, Inc. stock logo
RSG
Republic Services
The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$209.00 ➝ $230.00
4/15/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOutperform ➝ Outperform$260.00 ➝ $320.00
4/12/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOverweight ➝ Overweight$300.00 ➝ $350.00
4/10/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOverweight ➝ Overweight$270.00 ➝ $335.00
4/8/2024
Republic Services, Inc. stock logo
RSG
Republic Services
Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageSector Perform ➝ Sector Perform$199.00 ➝ $198.00
4/8/2024
Republic Services, Inc. stock logo
RSG
Republic Services
Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageSector Perform$211.00
4/8/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetOverweight ➝ Overweight$280.00 ➝ $320.00
4/5/2024
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$274.00 ➝ $375.00
(Data available from 4/19/2021 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
First Data Corp stock logo
FDC
First Data
$9.50B3.15$2.40 per share13.21$7.44 per share4.26
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$14.98B2.76$15.80 per share14.44$33.49 per share6.81
Paychex, Inc. stock logo
PAYX
Paychex
$5.21B8.25$5.46 per share21.89$10.41 per share11.48
Republic Services, Inc. stock logo
RSG
Republic Services
$14.96B3.99$10.77 per share17.62$33.51 per share5.66
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
$14.34B3.82N/AN/A$13.85 per share19.91

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
First Data Corp stock logo
FDC
First Data
$1.01B$1.2126.1919.681.8910.52%17.55%2.67%N/A
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$1.36B$7.2931.2919.802.209.06%29.32%6.62%5/2/2024 (Confirmed)
Paychex, Inc. stock logo
PAYX
Paychex
$1.56B$4.5926.0424.053.3631.86%46.14%13.85%7/4/2024 (Estimated)
Republic Services, Inc. stock logo
RSG
Republic Services
$1.73B$5.4734.6928.323.3011.57%17.32%5.90%4/30/2024 (Confirmed)
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
-$575.78M-$2.96N/A53.14N/A-4.01%-23.43%-6.89%4/23/2024 (Confirmed)

Latest PAYX, RSG, IQV, FDC, and SPOT Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
5/2/2024N/A
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$2.19N/A-$2.19N/AN/AN/A  
4/30/2024N/A
Republic Services, Inc. stock logo
RSG
Republic Services
$1.37N/A-$1.37N/AN/AN/A  
4/23/2024N/A
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
$0.69N/A-$0.69N/AN/AN/A  
4/2/2024Q3 24
Paychex, Inc. stock logo
PAYX
Paychex
$1.37$1.38+$0.01$1.38$1.46 billion$1.44 billion    
2/27/2024Q4 2023
Republic Services, Inc. stock logo
RSG
Republic Services
$1.28$1.41+$0.13$1.43$3.73 billion$3.83 billion      
2/14/2024Q4 23
IQVIA Holdings Inc. stock logo
IQV
IQVIA
$2.82$2.84+$0.02$2.76$3.80 billion$3.87 billion      
2/6/202412/31/2023
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
-$0.37-$0.36+$0.01-$0.39$3.72 billion$3.67 billion    

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
First Data Corp stock logo
FDC
First Data
N/AN/AN/AN/AN/A
IQVIA Holdings Inc. stock logo
IQV
IQVIA
N/AN/AN/AN/AN/A
Paychex, Inc. stock logo
PAYX
Paychex
$3.562.98%+11.74%77.56%13 Years
Republic Services, Inc. stock logo
RSG
Republic Services
$2.141.13%+7.46%39.12%21 Years
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
N/AN/AN/AN/AN/A

Latest PAYX, RSG, IQV, FDC, and SPOT Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/6/2024
Republic Services, Inc. stock logo
RSG
Republic Services
quarterly$0.53501.2%4/1/20244/2/20244/15/2024
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
First Data Corp stock logo
FDC
First Data
2.13
1.01
1.01
IQVIA Holdings Inc. stock logo
IQV
IQVIA
2.12
0.86
0.86
Paychex, Inc. stock logo
PAYX
Paychex
0.21
1.24
1.24
Republic Services, Inc. stock logo
RSG
Republic Services
1.13
0.56
0.56
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
N/A
1.29
1.29

Ownership

Institutional Ownership

CompanyInstitutional Ownership
First Data Corp stock logo
FDC
First Data
53.28%
IQVIA Holdings Inc. stock logo
IQV
IQVIA
89.62%
Paychex, Inc. stock logo
PAYX
Paychex
83.47%
Republic Services, Inc. stock logo
RSG
Republic Services
57.73%
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
84.09%

Insider Ownership

CompanyInsider Ownership
First Data Corp stock logo
FDC
First Data
4.87%
IQVIA Holdings Inc. stock logo
IQV
IQVIA
1.60%
Paychex, Inc. stock logo
PAYX
Paychex
11.50%
Republic Services, Inc. stock logo
RSG
Republic Services
0.09%
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
0.40%

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
First Data Corp stock logo
FDC
First Data
19,000943.72 millionN/AOptionable
IQVIA Holdings Inc. stock logo
IQV
IQVIA
87,000181.50 million178.60 millionOptionable
Paychex, Inc. stock logo
PAYX
Paychex
16,600359.96 million318.57 millionOptionable
Republic Services, Inc. stock logo
RSG
Republic Services
41,000314.98 million314.69 millionOptionable
Spotify Technology S.A. stock logo
SPOT
Spotify Technology
9,123198.33 million197.53 millionOptionable

PAYX, RSG, IQV, FDC, and SPOT Headlines

SourceHeadline
Spotify (SPOT) to Report Q1 Earnings: Whats in the Offing?Spotify (SPOT) to Report Q1 Earnings: What's in the Offing?
zacks.com - April 19 at 2:20 PM
71% of the top 100 Spotify artists in the UK are "self-taught", say researchers, but is that really so surprising?71% of the top 100 Spotify artists in the UK are "self-taught", say researchers, but is that really so surprising?
musicradar.com - April 19 at 12:36 PM
Spotify Technology (NYSE:SPOT)  Shares Down 2.4% Spotify Technology (NYSE:SPOT) Shares Down 2.4%
marketbeat.com - April 19 at 12:24 PM
Federated Hermes Inc. Has $76.22 Million Holdings in Spotify Technology S.A. (NYSE:SPOT)Federated Hermes Inc. Has $76.22 Million Holdings in Spotify Technology S.A. (NYSE:SPOT)
marketbeat.com - April 19 at 8:27 AM
Spotify Technology (NYSE:SPOT) PT Raised to $277.00 at The Goldman Sachs GroupSpotify Technology (NYSE:SPOT) PT Raised to $277.00 at The Goldman Sachs Group
americanbankingnews.com - April 19 at 4:58 AM
Spotify Technology (NYSE:SPOT) PT Raised to $340.00Spotify Technology (NYSE:SPOT) PT Raised to $340.00
americanbankingnews.com - April 19 at 3:32 AM
Best Swedish stocks to buy as the OMX Stockholm 30 RisesBest Swedish stocks to buy as the OMX Stockholm 30 Rises
invezz.com - April 18 at 1:28 PM
Stay Ahead of the Game With Spotify (SPOT) Q1 Earnings: Wall Streets Insights on Key MetricsStay Ahead of the Game With Spotify (SPOT) Q1 Earnings: Wall Street's Insights on Key Metrics
zacks.com - April 18 at 10:21 AM
Spotify Technology (NYSE:SPOT) PT Raised to $325.00 at BenchmarkSpotify Technology (NYSE:SPOT) PT Raised to $325.00 at Benchmark
marketbeat.com - April 18 at 8:23 AM
Sumitomo Mitsui Trust Holdings Inc. Has $73.53 Million Stock Position in Spotify Technology S.A. (NYSE:SPOT)Sumitomo Mitsui Trust Holdings Inc. Has $73.53 Million Stock Position in Spotify Technology S.A. (NYSE:SPOT)
marketbeat.com - April 18 at 6:13 AM
Spotify Stock: Everything You Need to KnowSpotify Stock: Everything You Need to Know
fool.com - April 18 at 5:18 AM
As Spotify adds more AI cruft, all I want is better audioAs Spotify adds more AI cruft, all I want is better audio
androidpolice.com - April 18 at 4:29 AM
Spotify (SPOT) Declines More Than Market: Some Information for InvestorsSpotify (SPOT) Declines More Than Market: Some Information for Investors
zacks.com - April 17 at 6:51 PM
Spotify (SPOT) Declines More Than Market: Some Information for InvestorsSpotify (SPOT) Declines More Than Market: Some Information for Investors
zacks.com - April 17 at 6:51 PM
Spotify Technology (NYSE:SPOT) Given New $277.00 Price Target at The Goldman Sachs GroupSpotify Technology (NYSE:SPOT) Given New $277.00 Price Target at The Goldman Sachs Group
marketbeat.com - April 17 at 3:38 PM
Spotify: Expansion Success Is Largely Priced InSpotify: Expansion Success Is Largely Priced In
seekingalpha.com - April 17 at 3:07 PM
Spotify accounts hacked: users locked out by hijackers who followed fake bands and played random songsSpotify accounts 'hacked': users locked out by hijackers who followed fake bands and played random songs
yahoo.com - April 17 at 12:24 PM
Spotify is down: When it will be up and why you cant hear your music and podcastsSpotify is down: When it will be up and why you can't hear your music and podcasts
msn.com - April 17 at 12:24 PM
Amazon Music echoes Spotify with an AI playlist generator of its ownAmazon Music echoes Spotify with an AI playlist generator of its own
msn.com - April 17 at 9:19 AM
Amazon Music is bringing this Spotify-like AI feature: How to get startedAmazon Music is bringing this Spotify-like AI feature: How to get started
timesofindia.indiatimes.com - April 17 at 7:23 AM
Spotify Ups its Game with ‘AI Playlist’ – Also Known as Spotify’s ChatGPTSpotify Ups its Game with ‘AI Playlist’ – Also Known as Spotify’s ChatGPT
techreport.com - April 17 at 7:23 AM
Amazon Music AI playlist feature goes live to take on SpotifyAmazon Music AI playlist feature goes live to take on Spotify
msn.com - April 17 at 7:23 AM
Spotify Technology S.A. (NYSE:SPOT) Shares Bought by Vontobel Holding Ltd.Spotify Technology S.A. (NYSE:SPOT) Shares Bought by Vontobel Holding Ltd.
marketbeat.com - April 17 at 6:18 AM
Spotify audiobook listening jumps 470% following the release of the film and TV adaptationSpotify audiobook listening jumps 470% following the release of the film and TV adaptation
goodereader.com - April 17 at 2:23 AM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Top Headlines

All Headlines

Company Descriptions

First Data logo

First Data

NYSE:FDC
First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. The Global Business Solutions segment provides solutions to merchants, such as retail point of sale merchant acquiring, e-commerce, and mobile payment services, as well as cloud based point of sale operating system that include a marketplace for proprietary and third party applications. The Global Finance Solutions segment provides technology solutions for bank and non-bank issuers, such as credit, retail private label, commercial card, and loan processing, as well as licensed financial software systems; suite of account services that include card personalization and embossing, customer communications, and professional services; and call center solutions and back office processing. The Network & Security Solutions segment offers EFT network, stored value network, and security and fraud solutions, as well as other value added solutions to its clients in GBS and GFS segments, smaller financial institutions, and other enterprise clients. First Data Corporation was founded in 1971 and is headquartered in Atlanta, Georgia.
IQVIA logo

IQVIA

NYSE:IQV
IQVIA Holdings Inc. engages in the provision of advanced analytics, technology solutions, and clinical research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions. The Technology & Analytics Solutions segment offers a range of cloud-based applications and related implementation services; real world solutions that enable life sciences and provider customers to generate and disseminate evidence, which informs health care decision making and improves patients' outcomes; and strategic and implementation consulting services, such as advanced analytics and commercial processes outsourcing services. This segment also provides country level performance metrics related to sales of pharmaceutical products, prescribing trends, medical treatment, and promotional activity across various channels, including retail, hospital, and mail order; and measurement of sales or prescribing activity at the regional, zip code, and individual prescriber level. The Research & Development Solutions segment offers project management and clinical monitoring; clinical trial support; strategic planning and design services; and patient and site centric solutions, as well as central laboratory, genomic, bioanalytical, ADME, discovery, and vaccine and biomarker laboratory services. The Contract Sales & Medical Solutions segment provides health care provider and patient engagement services, and scientific strategy and medical affairs services. It serves pharmaceutical, biotechnology, device and diagnostic, and consumer health companies. The company has a collaboration with argenx SE. The company was formerly known as Quintiles IMS Holdings, Inc. and changed its name to IQVIA Holdings Inc. in November 2017. The company is headquartered in Durham, North Carolina.
Paychex logo

Paychex

NASDAQ:PAYX
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
Republic Services logo

Republic Services

NYSE:RSG
Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions. Its residential collection services include curbside collection of material for transport to transfer stations, landfills, recycling centers, and organics processing facilities; supply of recycling and waste containers; and renting of compactors. The company also engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill services. It serves small-container, large-container, and residential customers. The company was incorporated in 1996 and is based in Phoenix, Arizona.
Spotify Technology logo

Spotify Technology

NYSE:SPOT
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.