Backstage access: Spotify’s dev tools side-hustle is growing legs
Spotify, primarily earning from ads and subscriptions, is expanding into developer tools with Backstage, an open-source project adopted by over 2 million developers in 3,400 organizations.
MAIN POINTS
- Spotify's main revenue sources are ads and subscriptions.
- The company is developing a new business in developer tools.
- Backstage, an open-source project, launched in 2020.
- Over 2 million developers from 3,400 organizations use Backstage.
TAKEAWAYS
- Spotify is diversifying its income streams beyond music streaming.
- Backstage's open-source nature encourages widespread adoption.
- Major companies like Airbnb and LinkedIn utilize Backstage.
- Developer tools represent a significant growth area for Spotify.