Mobile Magazine January 2025 | Page 45

SPOTIFY
TOP 10 – ENTERTAINMENT COMPANIES

SPOTIFY

REVENUE : US $ 19.74BN EMPLOYEES : 9,123 ( NOV 2024 )
CEO : DANIEL EK FOUNDED : 2006
Spotify is a Swedish audio streaming and media service provider founded in 2006 by Daniel Ek and Martin Lorentzon . As of September 2024 , the company is one of the largest providers of music streaming services , with more than 640 million monthly active users consisting of 252 million paying subscribers .
With its revolutionary business model remaining popular worldwide , Spotify has always been eager to engage with digital trends . In 2023 , the company first debuted its AI Playlist model , which offers a personalised AI guide that selects music based on listening habits of the individual listener .

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WATCH NOW
Meet AI playlist
Daniel Ek , CEO ,
Spotify
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