Date of Update: 2/1/2021
Ticker: SPOT
Theme: Audio
Country: Sweden
Sector: Media & Entertainment
Universe: Roundhill Streaming Universe
This is not a recommendation to buy or sell securities.
Founded in 2008, Spotify is the largest audio and music streaming platform outside of China, with over 320 million monthly active users and 144 million paid subscribers (Q3 2020).1 Unlike the region-locked Chinese apps operated by Tencent Music, Spotify is available globally in 93 markets. Recently, the company has expanded their breadth into podcasts, signing an exclusive multi-year deal with Joe Rogan believed to be worth $100 million, according to the WSJ. The company also offers audiobooks and spoken word content, as well as curated playlists from independent Spotify curators.
This is not a recommendation to buy or sell securities.