Who Owns Spotify?
Updated onExplore the ownership hierarchy of Spotify. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Spotify
Music streaming service offering ad-supported free listening plus paid premium subscriptions, large music catalog and personalized discovery.
Starts at $0 / per user / month
Has a free trial
Spotify appears to be independent with no known parent company.
Spotify
Music streaming service offering ad-supported free listening plus paid premium subscriptions, large music catalog and personalized discovery.
Starts at $0 / per user / month
Has a free trial
Spotify appears to be independent with no known parent company.
Major Shareholders
Spotify
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Martin Lorentzon Co‑founder and director of Spotify. Largest individual shareholder with about 20 million shares (≈9.7% of outstanding) as of mid‑December 2025, per MarketScreener’s shareholder table. Earlier SEC and media analyses based on the 2024 Form 20‑F indicated his voting power significantly exceeded his economic stake (around 41.6% of votes with 9.8% ownership at year‑end 2024) due to the company’s voting arrangements. | Founder | 9.7% | Dec 2025 |
Tencent Holdings Ltd. Chinese technology conglomerate and strategic investor in Spotify via a 2017 equity‑swap deal between Spotify and Tencent Music. Through various subsidiaries, Tencent holds roughly 16.6 million Spotify shares, about 8.1% of shares outstanding as of mid‑December 2025. Earlier SEC filings noted that Daniel Ek exercises voting power over Tencent’s Spotify stake under their agreement. | Corporate | 8.1% | Dec 2025 |
Daniel Ek Co‑founder, CEO and chairman. Holds approximately 12.5 million shares (≈6.1% of outstanding) as of mid‑December 2025 per MarketScreener. Spotify’s 2024 Form 20‑F and subsequent reporting showed that as of December 31, 2024 he owned about 14.3% of the shares but roughly 29.1% of the voting power, aided by voting arrangements including proxies over some Tencent‑held shares; he has been gradually selling down his stake during 2024–2025 but remains a key controlling shareholder. | Founder | 6.1% | Dec 2025 |
Baillie Gifford & Co. Edinburgh‑based investment manager and long‑term institutional holder of Spotify. MarketScreener’s ownership data shows Baillie Gifford with about 8.7 million shares (≈4.2%) as of December 19, 2025. A Schedule 13G filing in August 2025 and Nasdaq data earlier in 2025 also reported Baillie Gifford as a large shareholder, though at somewhat higher percentages earlier in the year. | Institutional | 4.2% | Dec 2025 |
BlackRock Advisors LLC Subsidiary of BlackRock Inc., the world’s largest asset manager. Listed by MarketScreener as holding roughly 8.3 million Spotify shares, about 4.1% of shares outstanding as of mid‑December 2025. Nasdaq and Investopedia data based on earlier 2025 filings described BlackRock Inc. as Spotify’s single largest institutional shareholder at the time, before subsequent position trims. | Institutional | 4.1% | Dec 2025 |
Eaton Vance Management U.S. asset‑management firm (now part of Morgan Stanley Investment Management). MarketScreener’s shareholder table shows Eaton Vance holding roughly 3.3% of Spotify’s outstanding shares as of December 19, 2025, making it one of the largest active institutional holders. | Institutional | 3.3% | Dec 2025 |
Fidelity Management & Research Co. LLC Flagship investment adviser for Fidelity mutual funds. Identified by MarketScreener as owning about 5.2 million Spotify shares, approximately 2.5% of outstanding shares as of mid‑December 2025. | Institutional | 2.5% | Dec 2025 |
Sony Group Corporation Japanese entertainment and electronics conglomerate. Sony obtained Spotify equity as part of early licensing and strategic agreements and has since sold down part of its stake; MarketScreener shows Sony holding roughly 5.1 million shares (≈2.5%) as of December 19, 2025. Earlier industry analyses indicated that Sony and Universal Music Group together once held a mid‑single‑digit percentage of Spotify. | Corporate | 2.5% | Dec 2025 |
State Street Corporation Global custodian bank and index‑fund manager. Appears in MarketScreener’s ownership breakdown with about 4.6 million shares (≈2.2% of Spotify’s equity) as of mid‑December 2025, reflecting holdings largely via passive index products. | Institutional | 2.2% | Dec 2025 |
T. Rowe Price International Ltd. International arm of U.S. asset manager T. Rowe Price. Listed by MarketScreener as holding roughly 3.7 million shares, or about 1.8% of Spotify’s outstanding stock as of December 19, 2025. T. Rowe Price has been a significant shareholder in Spotify since before and shortly after its NYSE direct listing, though its ownership percentage has declined from earlier levels above 5%. | Institutional | 1.8% | Dec 2025 |
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