business Overview
| HQ |  Stockholm, Sweden |
| Business | Music streaming service |
| Founded | access_time 17 years ago (founded Apr 23, 2006) |
TrueUp Trajectory Score | 76 /100 |
| Employees | 7,000 TrueUp Rank #173 |
| Valuation | $29 billion TrueUp Rank #98 all-time high: $75 B (-62%) 1 year ago: $22 B (+32%) 5 years ago: $30 B (-6%) |
| Public / Private | Public ($SPOT) |
| Lists | Same Pay Everywhere |
Spotify is a Music streaming service company with 94 job openings. It is currently valued at $29 billion as a public company. 7,000 people work at Spotify. The company was founded in 2006.
Spotify grid
Employee happiness →
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local_atm Financials
| Valuation | $29 billion TrueUp Rank #98 52 wk high: $29 B (-2%) 1 year ago: $22 B (+32%) 5 years ago: $30 B (-6%) |
| Revenue trailing 12 months | $11 billion TrueUp Rank #65 |
| Revenue growth vs. same quarter last year | 21.4% TrueUp Rank #215 |
| MULTIPLES | |
| Valuation / Revenue | 2.6x |
| Valuation per employee | $4.1 million |
| Revenue per employee | $1.6 million |
phonelink Products
| Top products | - Spotify |
| Primary customer type | emoji_people B2C |
emoji_people Culture
| Glassdoor employee reviews | 83% would recommend Spotify to a friend (1,205 reviews) better than 67% of tech co's 82% approve of the CEO Daniel Ek (605 reviews) worse than 58% of tech co's |
| Company mission | "Our mission is to unlock the potential of human creativity—by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it." |
code Open Source
| Open source citizenship | sentiment_satisfied Good TrueUp Rank #61 |
| Top open source projects | ★ 21.9kbackstage / backstage |
rule Policies
| % of open jobs that are remote | N/A |
| home_work Remote work policy | Remote work is common |
| Same pay everywhere? (same work, same pay) | sentiment_very_satisfiedYes |
| public H1B sponsorships approved in 2022 | 29 TrueUp Rank #62 |
card_giftcard Benefits (US)
Benefit info not yet available add_boxsubmit data
history Other info
Associated billionaires (source:Forbes) | $1.9B - Martin Lorentzon $1.7B - Daniel Ek |
| IPO date | Apr 3, 2018 (5 years ago) |
| Top owners at IPO | 25.7% - Daniel Ek 13.2% - Martin Lorentzon 7.5% - Tencent 6.9% - Tiger Global 5.7% - Sony Music 5.4% - TCV |
| Founder ownership at IPO | 38.9% |
| Implied founder equity split | 66% - Daniel Ek 34% - Martin Lorentzon |
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