Spotify Technology

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The first-ever European edition of the Fortune 500, ranking companies by revenue. 

F500 EUROPE 2023 SPOTIFY Music And Sound Streaming Platforms Stock Photos

Spotify Technology ranks 285 with $12.3 billion in revenue (up 7.9%). The Sweden-headquartered entertainment company has 8,359 employees and made a loss of $452 million.

These innovative companies are laying the foundations for robust growth—and outsize returns for shareholders.

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Spotify has steadily pulled ahead in recent years in the streaming-audio wars: The company now claims an industry-leading market share of about 30%, with nearly 600 million monthly users and 226 million paid subscribers. Spotify continues to be at the center of heated debates over how much—or how little—musicians get paid for their work. But its growing influence in podcasting and live music as well as music streaming, along with its pricing power, have made investors optimistic. (Above: Dominican artist Natti Natasha performs at a Spotify-sponsored concert in Chicago.) Analysts forecast that Spotify’s revenue will top $14 billion in 2023 and grow another 19% in 2024.

The Future 50

Explore this year's ranking of the 50 companies with the best long-term growth potential.

Future 50-2020-Spotify

<p class="p1">Daniel Ek’s pioneering audio platform has always been a clever piece of Swedish kit—a two-sided marketplace that makes money both from listeners and creators. With the live-entertainment industry on its knees, thanks to a pandemic, Spotify has a fresh window of opportunity to double down on artist services and exclusive content (such as podcasts) and has proved effective at wooing customers away from competitors like Apple.</p>

Fortune's proprietary methodology allows us to zero in on the 50 global firms that are best poised to deliver—and continue delivering—above average gains.

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Get insights into Spotify Technology including business profile, stock information, news, and rankings from Fortune.

Spotify Technology (SPOT): Company Profile, Stock Price, News, Rankings

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Spotify Technology | Fortune

Spotify Technology (SPOT): Company Profile, Stock Price, News, Rankings | Fortune

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Spotify’s CEO got roasted by artists after he said the cost of creating content is ‘close to zero.’ Now he’s trying to walk back his ‘clumsy’ remark

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Spotify Technology

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