Spotify is Swedish-headquartered but NYSE-listed via its Luxembourg holding company. Deezer is a French streaming service listed on Euronext Paris — a more purely European alternative with lossless audio quality.
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Spotify
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Spotify is a Swedish audio streaming platform listed on NYSE and headquartered in Stockholm. While EU-headquartered, its ultimate parent Spotify Technology S.A. is domiciled in Luxembourg and it is NYSE-listed, making it a borderline case for EU sovereignty.
Deezer is a French music streaming service listed on Euronext Paris, headquartered in Paris. Serving 16 million active users, it is the leading European alternative to Spotify, offering lossless audio quality and strong focus on French and European content.