Spotify Technology S.A. (SPOT) Competitors & Peers
The 5 largest companies in the same industry as Spotify Technology S.A., by market value — each comparable links to its own dossier. Numbers are code-computed, never estimated.
| Ticker | Relationship | Price | Comparables |
|---|---|---|---|
| 6098.T | Peer | $16,335.00 | P/E 47.0RSI 49Cap 22.69 T |
| GOOGL | Supplier | $343.92 | P/E 17.3RSI 50Cap 4.21 T |
| GOOG | Peer | $341.08 | P/E 17.1RSI 50Cap 4.17 T |
| META | Peer | $751.66 | P/E 28.3RSI 71Cap 1.91 T |
| NBIS | Peer | $237.33 | P/E 71.0RSI 56Cap 64.5 B |
How these relationships were derived
Every relationship below carries its provenance. A confirmed edge is sourced from a public filing or disclosure and links to it; an AI-inferred edge is surfaced by the relationship model and is unverified — shown for color, not as evidence.
Confirmed relationships (cited)
Sourced from a public filing or disclosure — each links to its origin.
- WMGSupplier
Spotify is named in WMG FY2025 10-K as a customer-concentration counterparty (accounts receivable); together with YouTube and Apple represents the top three digital music accounts at ~45% of Recorded Music revenue.
Confirmed — SEC filing / public disclosuresec.gov ↗
Model-inferred relationships (unverified)
Suggested by the relationship model, with no public source on file. Treat each as a lead worth checking, not as evidence.
- AAPLCompetitor
Spotify + Apple Music compete in music streaming + ongoing EU DMA dispute.
Model-inferred, unverified — treat as a lead, not evidence - UMGNVSupplier
Universal Music Group licenses catalog to Spotify; UMG is one of Spotify's three major-label suppliers.
Model-inferred, unverified — treat as a lead, not evidence - GOOGLSupplier
Spotify runs its core platform on Google Cloud Platform.
Model-inferred, unverified — treat as a lead, not evidence - AMZNCompetitor
Spotify + Amazon Music compete in music streaming.
Model-inferred, unverified — treat as a lead, not evidence - SONYSupplier
Sony Music licenses catalog to Spotify.
Model-inferred, unverified — treat as a lead, not evidence - AAPLPartner
Apple App Store distribution; Spotify pays distribution fees and is in long-running EU antitrust dispute with Apple.
Model-inferred, unverified — treat as a lead, not evidence - ADYE.ASSupplier
Adyen processes payments for Spotify.
Model-inferred, unverified — treat as a lead, not evidence