Who Owns Spotify?

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The world has changed a lot over the past two decades in all spheres of life including music. In times past, music could only be found on compact discs, vinyls, and cassette tapes. At one point, one could download music from the internet but in this era, streaming music and other works of art is the new normal. One of the streaming platforms that has dominated the music streaming scene is Spotify.

Let’s find out more about Spotify and its owner below.

Spotify is of Swedish origin and known to be an audio streaming and media services provider. It is one of the largest music streaming platforms in the world.

The platform was founded some sixteen (16) years ago on 23 April 2006 in Sweden and is currently headquartered in Stockholm, Sweden.

Spotify also has about fifteen (15) offices across the world and other subsidiaries including Spotify Ltd (UK), Spotify USA Inc., Spotify AB, and 16.9% of Tencent Music.

Spotify employs some 9,058 individuals as its workers and is known to have made at least €9.668 billion in revenue in 2021.

Spotify recorded a staggering 433 million monthly active users, including 188 million paying subscribers, as of June 2022.

Who Owns Spotify?

Let’s get to know who owns Spotify below.

Spotify, just like many big organizations is publicly traded. It had equity of €2.119 billion as of 2021.

Source: Vimbuzz.com

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