Spotify Technology S.A.

Spotify Technology S.A. is one of the world’s leading audio streaming services, providing a comprehensive catalog of music and podcasts to its customers in 184 countries and territories. Spotify is a publicly traded company, incorporated in Luxembourg in 2006. It operates two main segments - Premium and Ad-Supported.

The Premium segment provides unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. Subscribers pay a monthly fee for the right to access the service. 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 subscribers on their computers, tablets, and compatible mobile devices.

Spotify also offers a range of services such as sales, marketing, contract research and development, and customer support. As of December 31, 2021, the company had a platform of 406 million monthly active users and 180 million Premium subscribers.

The company has continued to grow and expand their services, most recently releasing a beta version of their app for Google TV and launching a voice-activated assistant, “Spotify Voice”. In addition, the company has made attempts to expand their reach by buying other audio streaming companies, such as Gimlet Media, Anchor and Parcast. They also launched an app and website dedicated to curating playlists specifically tailored to user tastes and preferences, called “Discover Weekly”.

Spotify has worked to develop partnerships with other companies as well, offering discounts to members of student unions and partnering with Starbucks to provide customers with access to its streaming platform. It has recently teamed up with Instagram to share music in Stories, and with AirPods and other Bluetooth headphones to allow users to remotely control the music they’re listening to on their devices.

As a result of this wide range of services and partnerships, Spotify is continuing to remain competitive in the audio streaming industry and has become one of the most popular music and podcast streaming services in the world.