Daniel Ek describes the foundations of our strategy and “The Spotify Machine” Read on for top takeaways from our speakers. They also built the case for why our future extends beyond music and podcasting, describing a reality where 50 million artists, writers, labels, publishers, studios, and other creators will be able to manage their businesses and monetize and effectively promote their work to more than one billion users.Īt the center is a set of software, services, products, and business models tailored for specific verticals and bundled into a single consumer experience: The Spotify Machine. Throughout the event, Spotify executives highlighted the consistency of our financial performance, our strong momentum, and the potential we see ahead for driving meaningful user, revenue, and bottom-line growth. When Spotify went public in 2018, we were a music-streaming company, but we’ve evolved dramatically over the last four years-expanding beyond music to become the leading player in audio. The event, which was held at our New York City office, featur ed presentations by Spotify’s Chief Executive Officer Daniel Ek, Chief Financial Officer Paul Vogel, and members of the company’s global leadership team. Additionally, we shared details about how we’ll continue to innovate and grow over the short and long term. Today, Spotify hosted our second Investor Day, updating the financial community on the progress we’ve made since our direct listing.

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