Spotify, a Publicly Owned company headquartered in Sweden, was founded in 2006 and employs approximately 16,200 individuals. The company reported $18.7B in revenue as of 2025. It provides audio streaming and media services, offering digital copyright restricted recorded music and podcasts, including content from record labels and media companies.

2025 Revenue

Founded

2006

Headcount

16,199

Headquarters

Sweden

Primary Segment

Media and TV services

Ownership

Publicly Owned

News Summary:

Spotify is reportedly preparing to enter the smart glasses market, signaling its expansion into smart devices amid a surge in adoption within the tech industry on March 22, 2026. Earlier on the same day, Spotify sealed a deal with ChatGPT, integrating its AI to offer features like "Prompted Playlists," a move to bolster subscriber retention against competition from Apple, YouTube, and Amazon and combat AI commodification of music. Previously, on March 21, the space rock band Failure reinstated its catalog on the platform after a two-year absence, reflecting shifting dynamics between artists and streaming services. Also that day, Spotify partnered with Backline to establish their Heart & Soul Wellness Lounge at SXSW 2026, providing a restorative space for artists, managers, and badge holders and building on their broader collaboration to support the music community's wellbeing. Separately, an American man pleaded guilty on March 21 to defrauding global music streaming platforms, including Spotify, and musicians of millions of dollars by using bots to stream billions of plays of hundreds of thousands of AI-generated songs.

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Spotify offers 2 products in the media and telecoms services and ad tech and services industries. Spotify's product portfolio comprises of media and TV services and ad measurement and verification.
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Spotify's revenues were $18.7B in 2025. Caretta Research has split Spotify's revenue into 2 different product categories, the largest of which is music streaming, which represents 100% of Spotify's revenue.
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Examples of Spotify's suppliers include InMobi, The Trade Desk and Google.

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