6 days ago · Today, we announced our fourth quarter 2024 earnings, closing Q4 stronger than ever by outperforming across key metrics and celebrating our first full year of profitability. Take a look at the highlights below: Monthly Active Users grew 12% Y/Y to 675 million. Subscribers increased 11% Y/Y to 263 million. Total Revenue was up 16% Y/Y... Read more »

Spotify Technology SPOT 13.24% reported its first ever full year of profitability, fueled by record user growth and austerity measures after years of heavy spending on growth initiatives such...

3 days ago · In the first six months of 2024, the streaming service had already generated 471 million euros in net income, raising this to more than 1.1 billion euro for the year. This profitability...

6 days ago · The music streaming company said it paid a record $10 billion in royalties to the music industry in 2024.

6 days ago · MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry. Stat Of the Week is supported by music data analytics firm Chartmetric. Spotify saw its global Premium Subscriber base grow to 263 million paying users in Q4 – and achieved its first full year of operating profit in 2024.

5 days ago · After 18 years, Spotify's business has caught up to its global popularity. Why it matters: With its first full year of profitability under its belt, the company now has the capital and momentum to focus on "accelerated execution," without eating at its margins, CEO Daniel Ek told Axios in an interview Tuesday morning. "We really do believe that we can be faster to shift improvements on the ...

6 days ago · Spotify Technology SA posted another quarter of better-than-expected subscriber growth in the fourth quarter, helping the Swedish music company record its first-ever annual profit.

Apr 23, 2024 · Today, we announced our first quarter 2024 earnings. In a solid start to the year, Spotify reported… Monthly Active Users grew 19% Y/Y to 615 million. Subscribers increased 14% Y/Y to 239 million. Total Revenue was up 20% Y/Y to €3.6 billion. Gross Margin reached 27.6%. Operating Income improved to €168 million.

May 29, 2024 · In 2023, Spotify suffered a net loss of 532 million euros. Whilst the company has been operating at a loss since its inception, the 2023 figure is an increase in net loss from those...

5 days ago · Spotify’s first annual profit marks a culmination of efforts to cut costs and improve profitability, including through lay-offs and price increases. It has also been diversifying towards ...