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Spotify Technology SA (SPOT)
Open
$530.00
Previous close
$526.42
Trade high
$540.82
Volume
1,320,644
Year high
$700.12
Year low
$405.00
Dividend yield
–
Market capitalisation
$108.78 bn
P/E ratio
29.40
ISIN
LU1778762911
This share can be held in a Dealing accountStocks and shares ISALifetime ISAJISASIPP
Share price
Company profile
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly allits gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.