Spotify Technology S. A. is a global audio streaming subscription service that provides music podcasts and audiobooks to users worldwide. The company streams over 100 million music tracks and millions of podcast titles through its platform in 184 countries and territories. It operates a digital audio streaming business that allows users to listen on demand across devices such as smartphones tablets computers smart speakers and game consoles.

Spotify Technology S. A. generates revenue primarily from two sources: subscription fees for its Premium service and advertising sales for its Ad Supported service. Premium subscribers pay monthly fees for plans such as Individual Family Duo Student and other tiered options that unlock unlimited streaming and offline listening. Advertising revenue comes from the sale of display audio and video ads to brands agencies and automated exchanges that serve impressions to Ad Supported listeners.

The company operates through the following segments: Premium and Ad Supported.

• The Premium segment offers subscription plans that give users unlimited online and offline streaming of music podcasts and audiobooks without commercial interruptions and includes features such as lossless audio in select markets and access to audiobooks through various tiered plans.

• The Ad Supported segment provides free streaming of music and podcasts supported by display audio and video advertising and generates revenue from the sale of advertising impressions to brands and agencies.

Spotify Technology S. A. holds a leading position in the global audio streaming market with the largest number of monthly active users and premium subscribers among its peers. It competes with services such as Apple Music YouTube Music Amazon Music Deezer Pandora and SoundCloud for music listening and with Apple Podcasts YouTube Amazon Audible and others for podcast consumption. Its competitive advantages include a vast content library a two sided marketplace that connects creators and listeners robust data analytics and a strong brand that drives user engagement.

Spotify Technology S. A. serves a diverse base of individual listeners families students and other demographic groups who use its free and paid tiers to access audio content. The company reported 751 million monthly active users and 290 million premium subscribers as of December 31 2025 across 184 countries and territories. In addition to listeners the platform attracts advertisers ranging from large multinational brands to local businesses that seek to reach its engaged audience.