Who Owns Spotify (SPOT) Now? Largest Shareholders

Which Company Owns Spotify?

By Rachel Warren – Updated Nov 12, 2025 at 12:17 PM EST | Fact-checked by Margo Winton Parodi

Key Points

Spotify holds a 32% global market share in music streaming with 713 million monthly users.
Institutional investors own 67.8% of Spotify; founders Ek and Lorentzon control major voting power.
Shares of Spotify can be bought through a brokerage account using market or limit orders.
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Spotify (SPOT +1.24%) is a major player in the global music streaming space. Founded in 2006 by Daniel Ek and Martin Lorentzon, the platform was designed to allow music lovers access to a quality selection of listening options while solving the issue of piracy plaguing the industry at the time.

As an early mover in the streaming space, the Stockholm-based company has been able to amass and maintain significant market share through the years. Its freemium revenue model -- which consists of a free, ad-supported tier and a paid, ad-free tier -- and extensive library of audio options that range far beyond music continue to contribute to the growth of its massive user base.

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NYSE: SPOT

Spotify Technology

Today's Change

(1.24%) $7.18

Current Price

$586.57

Key Data Points

Market Cap

$121B

Day's Range

$576.31 - $587.91

52wk Range

$443.21 - $785.00

Volume

665K

Avg Vol

1.8M

Gross Margin

31.60%

The music stock controls an approximate 32% share of the music streaming space worldwide, an impressive feat for a company that originated as a startup less than two decades ago.

As of late 2025, Spotify had 713 million monthly active users globally. Its cohort of premium subscribers (users who pay to access the ad-free tier) totaled 281 million.

Publicly Traded Company

A company that issues shares that are publicly traded, meaning the shares are available for anyone to buy and sell on the stock market.

As a publicly traded company, anyone can buy shares of Spotify. Here's a closer look at who owns the company, its board of directors, and ways you can invest in this streaming stock.

Who is the owner of Spotify?

Many individuals own shares of Spotify, but the majority of company shares are held by institutional investors, like banks and funds.

Spotify has been a publicly traded company since April 3, 2018. Its public debut was very different than the average stock, as Spotify opted for a direct listing on the New York Stock Exchange.

This is a less common approach than the traditional method of an initial public offering, but companies that do not need to raise new capital and are more interested in allowing investors to buy and sell shares on the open market may opt for this approach.

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Shareholder

An individual or entity that owns a portion of a company's stock, entitling them to a share of its profits and assets.

Institutional investors

BlackRock (BLK +0.22%): One of the leading global investment managers, BlackRock owns about 11.8 million shares of Spotify, representing 5.7% of outstanding shares.
Baillie Gifford and Company: The Edinburgh-headquartered investment management company owns approximately 8.7 million Spotify shares, or 4.2% of outstanding shares.
Morgan Stanley (MS +1.18%): The financial institution owns approximately 6.8 million shares of Spotify, representing about 3.3% of outstanding shares.
Fidelity Investments: The investment management firm owns 6.1 million shares, almost 3% of outstanding shares.
State Street (STT +1.16%): The financial asset management firm own 4.6 million shares, or 2.2% of outstanding shares.

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Board of Directors

A group of elected individuals responsible for overseeing the activities of a company and representing shareholders.

Who is on the board of directors for Spotify?

Spotify's board of directors consists of the following 10 members.

Source: Spotify
NAME	ROLE	TENURE
Daniel Ek	CEO and Chairman	Since 2008
Martin Lorentzon	Director	Since 2008
Christopher Marshall	Lead Independent Director	Since 2015
Barry McCarthy	Director	Since 2020
Shishir Mehrotra	Director	Since 2017
Heidi O'Neill	Director	Since 2017
Ted Sarandos	Director	Since 2016
Thomas Staggs	Director	Since 2017
Mona Sutphen	Director	Since 2021
Padmasree Warrior	Director	Since 2017

How to invest in Spotify

Because Spotify is a publicly traded company, if you have a brokerage account, you can buy shares of the entertainment stock yourself. To do so, follow these steps.

Open your brokerage account: Log in to your brokerage account where you handle your investments.
Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
Submit your order: Confirm the details and submit your buy order.
Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

FAQ

About the Author

Rachel Warren is a contributing Motley Fool stock market analyst covering pharmaceuticals, biotechnology, medical devices, information technology, and consumer goods. Prior to The Motley Fool, Rachel was a paralegal and legal administrator. She holds a bachelor’s degree in paralegal studies from Liberty University School of Law.

TMFRachelW

Rachel Warren has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology and Tencent. The Motley Fool recommends BlackRock. The Motley Fool has a disclosure policy.