Spotify is a music streaming platform that gives users access to a large catalog of music. Spotify's main revenue source comes from users upgrading to a premium subscription. Source: Crunchbase How does Spotify make money? Megaphone (formerly Panoply Media) acquired by Spotify

In 2022, Spotify hold a 32% share of the online audio stream industry.

The number of Spotify employees reached 9,808 as of 2022.

Their most recent acquisition was Kinzen on Oct 5, 2022.

Spotify has acquired 27 organizations.

Their most recent investment was on Mar 10, 2020, when Sounder.fm raised $1.8 million. Their latest funding was raised on Feb 25, 2021, from a Post-IPO Equity round.

Spotify has raised a total of $2.1 billion in funding over 18 rounds.

As of 2021, Spotify generated $9.668 billion in revenue.

In 2022, Spotify's market cap exceeds $15.09 billion.Spotify currently has almost 4.7 million free accessible podcasts.Over 80 million songs are available on the Spotify store.Spotify users in Europe account for 39% of the total Spotify customer base (about 220,350,000 premium subscribers are Europeans).There were 195 million Spotify premium subscribers in 2021.In 2021, there were 273 million Spotify ad-support users.The monthly active users of Spotify users reached 456 million users as of the third quarter of 2022.Interesting Facts about Spotify (Top Picks)

Spotify owner net worth