Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
The current price of Spotify Technology SA in the market is 370,83 €, with a 24-hour trading volume of 414,38M €. The asset's market cap is 76,25B €, after moving 0.38% in the last day.
Tokenized Spotify Technology SA is trading at 372,19 €, with a tokenized market cap of 405,51K € and a 24-hour trading volume of 700,71K €. The tokenized asset has moved 0.74% in the past 24 hours.