Who Owns Spotify?

Top Beneficial OwnersOrdinary Shares NumberPercent
Daniel Ek32,323,63316.7 %
Martin Lorentzon20,988,55110.9 %
Baillie Gifford & Co22,136,90211.5 %
Morgan Stanley17,293,3789.0 %
T. Rowe Price14,252,9707.4 %
Tencent16,631,9698.7 %

The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon. As of 2021, Daniel Ek has 16.7% ownership of ordinary shares and 31.9% of the voting power. Where Martin Lorentzon has 10.9% of ordinary shares and 42.9% of the voting power. Another key shareholder is Baillie Gifford & Co, a Scottish-based money management firm, followed by Morgan Stanley, T. Rowe Price, and Tencent.

How Spotify was organized as of 2017, based on the various entities across the world (Source: Spotify F-1).
Spotify is a two-sided marketplace where artists and music fans encounter on a single platform. Founded in 2008 with the belief that music should be universally accessible with a seamless experience based on streaming audio and video. It generated over €4 billion in 2017, of which almost 90% based on premium memberships and 10% based on a free service which is ad-supported. The company recorded an operating loss of €378 million in 2017.

Read More: Spotify Business Model, Subscription Business Models, Business Models.

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