Spotify Technology (NYSE:SPOT) is a leading audio streaming platform that offers users on-demand access to music, podcasts and other digital audio content. The company operates a dual revenue model, combining a subscription-based premium service with an ad-supported free tier. Through licensing agreements with major and independent record labels as well as podcast producers, Spotify delivers a diverse library of content across a wide range of genres and languages.
In addition to its core streaming service, Spotify provides tools and services for creators, including Spotify for Artists, which offers analytics and promotional resources for musicians, and Anchor, a podcast creation and distribution platform. The company’s applications are available on desktop, mobile devices, smart speakers, gaming consoles and in-car entertainment systems, ensuring a seamless listening experience across multiple touchpoints.
Founded in Stockholm in April 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its service in October 2008 with the goal of providing a legal alternative to music piracy. Over the years, it has expanded its offerings through strategic acquisitions, including podcast production studios and audio technology firms. Spotify went public in April 2018 via a direct listing on the New York Stock Exchange under the ticker symbol SPOT.
Today, Spotify serves listeners in more than 180 markets around the world, with headquarters in Stockholm and New York City. Daniel Ek continues to lead the company as Chief Executive Officer, while co-founder Martin Lorentzon serves as Chairman. Spotify remains focused on innovation in audio streaming, monetization solutions for artists and creators, and personalized listening experiences for users globally.
