Spotify facts for kids
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| Type of business | Public (Société Anonyme) |
|---|---|
| Traded as |
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| Founded | 23 April 2006 |
| Headquarters |
Stockholm, Sweden
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| Country of origin | Sweden |
| No. of locations | 15 offices |
| Founder(s) |
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| Key people | Daniel Ek (Chairman & CEO) |
| Industry |
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| Revenue |  €11.7 billion (2022) |
| Operating income |  €-659 million (2022) |
| Net income | €–430 million (2022) |
| Total assets | €7.6 billion (2022) |
| Total equity | €2.4 billion (2022) |
| Employees | 9,473 (June 2023) |
| Subsidiaries |
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| Website |
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| Registration | Required |
| Users |
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| Launched | 7 October 2008 |
Spotify is a very popular online service. It lets you listen to millions of songs and podcasts. It was started in Sweden on April 23, 2006. Two people, Daniel Ek and Martin Lorentzon, created it.
Spotify is one of the biggest music streaming services in the world. As of June 2023, over 551 million people use it every month. About 220 million of these users pay for a special subscription. Spotify's main company is called Spotify Technology S.A. It is listed on the New York Stock Exchange. This means you can buy parts of the company, like shares.
Contents
About Spotify
Spotify offers a huge library of recorded audio. This includes more than 100 million songs. It also has over five million podcasts. These come from many different record labels and media companies.
How Spotify Works
Spotify is a "freemium" service. This means it has both free and paid options.
- The free version lets you listen to music and podcasts. It includes advertisements. You also have limited control over what you listen to.
- The paid version is called a subscription. It gives you extra features. You can listen without ads. You can also download music to listen offline. This is great for when you don't have internet.
You can easily find music on Spotify. You can search for your favorite artists. You can also look for specific albums. Or you can explore music by genre, like pop or rock. Users can also make their own music lists, called playlists. You can edit these lists and share them with friends.
Where You Can Use It
Spotify is available in many parts of the world. This includes most of Europe, Africa, the Americas, Asia, and Oceania. It works in 184 different countries. Most of its users are in the US and Europe.
You can use Spotify on many different devices.
- Computers: It works on Windows, macOS, and Linux computers.
- Phones and Tablets: You can use it on iOS (like iPhones) and Android devices.
- Smart Home Devices: It works with devices like Amazon Echo and Google Nest.
- Other Players: You can also use it on digital media players like Roku.
How Artists Get Paid
When you buy a CD or download a song, artists get a set price. Spotify works differently. It pays artists based on how many times their songs are played. This is called royalties.
Spotify gives about 70% of its total money to rights holders. These are often record labels. The record labels then pay the artists. How much an artist gets depends on their agreement with the label.
Your Music on Spotify
Spotify can show you music files you have on your computer. It doesn't copy these files. It just lists them so you can play them through Spotify. If you don't want this feature, you can turn it off in the settings.
You can also move these music files to other devices. For example, you can send them to your phone. You can only import files that you have legally obtained.
Images for kids
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Daniel Ek talking to Spotify staff in 2010
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Former Spotify headquarters in Stockholm
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Spotify Desktop Client running on Arch Linux
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Joe Rogan, host of The Joe Rogan Experience
See also
In Spanish: Spotify para niños
