Spotify Technology SA

NYSE SPOT

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Spotify Technology SA Market Capitalization on June 03, 2024: USD 61.20 B

Spotify Technology SA Market Capitalization is USD 61.20 B on June 03, 2024, a 106.57% change year over year. Market capitalization is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current share price of a company by the total number of outstanding shares. Market capitalization is used to assess the size and relative value of a company in the stock market. It provides investors with an idea of the company's overall worth and is often used as a basis for comparing companies within the same industry or sector. A higher market capitalization generally indicates a larger, more established company.
  • Spotify Technology SA 52-week high Market Capitalization is USD 61.34 B on May 24, 2024, which is 0.24% above the current Market Capitalization.
  • Spotify Technology SA 52-week low Market Capitalization is USD 24.99 B on August 17, 2023, which is -59.16% below the current Market Capitalization.
  • Spotify Technology SA average Market Capitalization for the last 52 weeks is USD 39.00 B.
NYSE: SPOT

Spotify Technology SA

CEO Mr. Daniel G. Ek
IPO Date April 3, 2018
Location Luxembourg
Headquarters 42-44, avenue de la Gare, Luxembourg City, Luxembourg, 1610
Employees 7,721
Sector Communication Services
Industry Internet content & information
Description

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.

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StockViz Staff

July 25, 2024

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