Luxembourg-based company, Spotify Technology S.A., and its subsidiaries are widely recognized as the leading provider of audio streaming services across the globe. The firm operates under two segments, namely the Premium and Ad-Supported, whereby the Premium segment offers unlimited online and offline streaming access to its vast music and podcast catalog without commercial breaks to subscribers. Meanwhile, the Ad-Supported sector provides on-demand online access to its music catalog and unlimited online podcast access to customers on their computers, tablets, and compatible mobile devices. Additionally, the company delivers several other support services, including sales, marketing, research, and development, and customer support programs. Spotify Technology S.A. was established in 2006 and has grown to provide some of the most sought-after streaming services globally.