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Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify". Early international launches
Premium subscribers met Wall Street expectations of 239 million — a 14% year-over-year jump. Spotify expects the subscriber count to increase to 245 million in the second quarter.
The following table lists the top 10 most-streamed albums on Spotify, with streams rounded to the nearest million, as well as the number of tracks, the artist and the date it was released.
As of May 2024, American singer-songwriter Taylor Swift is the most-streamed artist of all time on Spotify, while Canadian rapper Drake is the most-streamed male artist. Since 2012, Spotify has published a yearly list of its most-streamed artists, which has been topped by Drake and Puerto Rican rapper Bad Bunny a record three times, with Bad ...
April 23, 2024 at 6:53 AM. Spotify reeled in fewer new users overall than it expected in the first quarter of 2024, but the audio-streaming giant touted “record strength” in profitability ...
Shares climbed as much as 11% shortly after the opening bell. The streaming service reported a net loss of 70 million euros ($75.2 million), or a loss of 0.36 euros per share. That missed analyst...