Spotify Technology S.A.

BOVESPA:S1PO34 Stock Report

Market Cap: R$571.0b

Spotify Technology Management

Management criteria checks 4/4

Spotify Technology's CEO is Daniel Ek, appointed in Jan 2006, has a tenure of 18.92 years. directly owns 6.64% of the company’s shares, worth R$37.93B. The average tenure of the management team and the board of directors is 4.9 years and 7.5 years respectively.

Key information

Daniel Ek

Chief executive officer

€1.3m

Total compensation

CEO salary percentagen/a
CEO tenure18.9yrs
CEO ownership6.6%
Management average tenure4.9yrs
Board average tenure7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Daniel Ek's remuneration changed compared to Spotify Technology's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

€701m

Jun 30 2024n/an/a

€466m

Mar 31 2024n/an/a

-€110m

Dec 31 2023€1mn/a

-€532m

Sep 30 2023n/an/a

-€732m

Jun 30 2023n/an/a

-€963m

Mar 31 2023n/an/a

-€786m

Dec 31 2022€169kn/a

-€430m

Sep 30 2022n/an/a

-€199m

Jun 30 2022n/an/a

-€31m

Mar 31 2022n/an/a

€74m

Dec 31 2021€92kn/a

-€34m

Sep 30 2021n/an/a

-€120m

Jun 30 2021n/an/a

-€223m

Mar 31 2021n/an/a

-€559m

Dec 31 2020€401kn/a

-€581m

Sep 30 2020n/an/a

-€665m

Jun 30 2020n/an/a

-€323m

Mar 31 2020n/an/a

-€43m

Dec 31 2019€300kn/a

-€186m

Sep 30 2019n/an/a

€465m

Jun 30 2019n/an/a

€267m

Mar 31 2019n/an/a

-€51m

Dec 31 2018€2kn/a

-€78m

Sep 30 2018n/an/a

-€1b

Jun 30 2018n/an/a

-€1b

Mar 31 2018n/an/a

-€1b

Dec 31 2017€1m€367k

-€1b

Compensation vs Market: Daniel's total compensation ($USD1.35M) is below average for companies of similar size in the BR market ($USD5.71M).

Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.

CEO

Daniel Ek (41 yo)

18.9yrs

Tenure

€1,296,792

Compensation

Mr. Daniel G. Ek is Co-Chairman of Helsing GmbH. He founded Spotify Limited in 2006 and serves as its Chief Executive Officer. Mr. Ek is Founder, Chief Executive Officer and Chairman of Spotify Technology...

Leadership Team

NamePositionTenureCompensationOwnership
Daniel Ek
Founder18.9yrs€1.30m6.64%
R$ 37.9b
Alex Norström
Chief Business Officer & Co-President1.8yrs€11.55m0.020%
R$ 116.6m
Gustav Söderström
Co-President1.8yrs€13.29m0.0044%
R$ 25.1m
Sven Lorentzon
Co-Founder & Director18.9yrs€404.86k10.63%
R$ 60.7b
Dustee Jenkins
Chief Public Affairs Officerno data€3.95m0.0057%
R$ 32.3m
Christian Luiga
Chief Financial Officerless than a yearno datano data
Paul Sawyer
Controller & Chief Accounting Officer5.3yrsno datano data
Bryan Goldberg
Head of Investor Relationsno datano datano data
Eve Konstan
General Counsel4.6yrsno data0.0068%
R$ 39.1m
Katarina Berg
Chief Human Resources Officerno datano data0.023%
R$ 131.1m
Jeremy Erlich
Co-Head of Musicno datano datano data
Charlie Hellman
VP & Head of Marketplace7.8yrsno datano data

4.9yrs

Average Tenure

51yo

Average Age

Experienced Management: S1PO34's management team is considered experienced (4.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Daniel Ek
Founder16.4yrs€1.30m6.64%
R$ 37.9b
Sven Lorentzon
Co-Founder & Director16.4yrs€404.86k10.63%
R$ 60.7b
Christopher Marshall
Lead Independent Director9.5yrs€380.59k0.027%
R$ 154.3m
Thomas Staggs
Independent Director7.5yrs€440.60k0.011%
R$ 65.7m
Shishir Mehrotra
Independent Director7.5yrs€404.86k0.025%
R$ 140.6m
Padmasree Warrior
Independent Director7.5yrs€332.21k0.0034%
R$ 19.1m
Theodore Sarandos
Independent Director8.3yrs€404.86k0.0067%
R$ 38.3m
Heidi O'Neill
Independent Director7yrs€307.98k0.0032%
R$ 18.0m
Mona Sutphen
Independent Director3.7yrs€307.98kno data
W. McCarthy
Director4.9yrs€565.26k0.19%
R$ 1.1b

7.5yrs

Average Tenure

57yo

Average Age

Experienced Board: S1PO34's board of directors are considered experienced (7.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 05:39
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Spotify Technology S.A. is covered by 67 analysts. 34 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard KramerArete Research Services LLP
William Noel MilnerArete Research Services LLP
Samuel LourenszArete Research Services LLP