Spotify Technology

Audio-streaming service with executive offices in Stockholm

Overview

Spotify, the audio-streaming service, is incorporated in Luxembourg but has its executive offices in Stockholm, which is why Fortune assigns it to Sweden.[1] Revenue for 2025 rose 14.37% in dollar terms to US$19.4bn, with profit of US$2.5bn.[7] It has the smallest workforce of any company in the Swedish top 25, at 7,287 employees, and is run by co-chief executives Gustav Söderström and Alex Norström.[7]

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