Spotify

Spotify is the music, podcast and audiobook streaming service founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon. Its parent, Spotify Technology S.A., is incorporated in Luxembourg and listed on the New York Stock Exchange, where it files its annual report as a foreign private issuer on Form 20-F.

Control stays with the founders. The 20-F for 2025 gives Ek 28.8% and Lorentzon 40.5% of the combined voting power, 69.3% together, held through ordinary shares and voting-only beneficiary certificates. Tencent’s music arm holds 8.1% of the ordinary shares and has given Ek an irrevocable proxy to vote them. Users in Europe contract with Spotify AB in Stockholm.