Really European?

Is Spotify European?

Yes. Spotify is controlled from the EU: Co-founders Daniel Ek (28.8% of votes) and Martin Lorentzon (40.5% of votes), 69.3% combined, mostly through beneficiary certificates.

EU-controlledchecked 2026-10-18

A primary document names a controlling owner based in the EU.

Legal entity
Spotify AB (operator); group parent Spotify Technology S.A. (LU, RCS B123052) (SE)
Register id
556703-7485 (Bolagsverket)
LEI
5493004INDUJX1TDHI57 · ISSUED · renews 2027-03-07
What GLEIF shows
Names a parent. Spotify Technology S.A. (549300B4X0JHWV0DTD60, LU), direct and ultimate; the parent's LEI is LAPSED (renewal due 2022-08-17) and the parent reports NON_CONSOLIDATING
Controlling owner, from documents
Co-founders Daniel Ek (28.8% of votes) and Martin Lorentzon (40.5% of votes), 69.3% combined, mostly through beneficiary certificates (SE (Ek's business address Stockholm); both founders' holding vehicles are in Cyprus (EU); EU)
Control type
founder-held
Listed on
buy-european.net, european-alternatives.eu, europeanpurpose.com, goeuropean.org, only-eu.eu
Category
Music, video and media
Source
sec.gov

Our notes

Source: Form 20-F FY2025, Item 7.A Major Shareholders, as of 31 Dec 2025. Checked: Ek holds via D.G.E. Investments (D.G.E. Holding, Larnaca, Cyprus); Lorentzon via Rosello (Nicosia, Cyprus), owned by Amaltea S.a r.l. The filing says the founders have control 'if our founders act together'. Neither holds a majority alone, and Lorentzon's residence is not stated, so confidence is medium, not high. Every non-founder holder is small: Tencent has 8.1% of ordinary shares but no beneficiary certificates, so about 3% of votes. No non-EU party can reach control on these numbers. Listed on NYSE. GLEIF trap: Spotify AB rolls up to a parent whose LEI lapsed in 2022.

Spotify: the short answers

Is Spotify European?
Yes. Spotify is controlled from the EU: Co-founders Daniel Ek (28.8% of votes) and Martin Lorentzon (40.5% of votes), 69.3% combined, mostly through beneficiary certificates.
Who owns Spotify?
Co-founders Daniel Ek (28.8% of votes) and Martin Lorentzon (40.5% of votes), 69.3% combined, mostly through beneficiary certificates (SE (Ek's business address Stockholm); both founders' holding vehicles are in Cyprus (EU)). Source: https://www.sec.gov/Archives/edgar/data/1639920/000162828026006874/ck0001639920-20251231.htm, checked 2026-10-18.
Does Spotify have an LEI?
Yes: Spotify AB (operator); group parent Spotify Technology S.A. (LU, RCS B123052) holds LEI 5493004INDUJX1TDHI57, status ISSUED, next renewal 2027-03-07. As GLEIF reports its parent: Spotify Technology S.A. (549300B4X0JHWV0DTD60, LU), direct and ultimate; the parent's LEI is LAPSED (renewal due 2022-08-17) and the parent reports NON_CONSOLIDATING.