Price increases and cost discipline helped the audiostreaming giant pivot from heavy spending on growth to sustained profits.

In the past, Spotify has spent heavily upfront to build new product experiences, like podcasts, which dragged on its profits. But this year, Spotify plans to do more "with pretty much the same amount of resources that we already have at the company,

Spotify said in November that it was on track to hit its profitability milestone. Total yearly revenue grew to €15.6 billion (about $16.1 billion) from the €13.2 billion (abou