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Spotify turned a profit for the first time
Spotify Reports First Full-Year Profit
Price increases and cost discipline helped the audiostreaming giant pivot from heavy spending on growth to sustained profits.
Spotify finally turned a profit for a full year
Revenue has surged following increases to Spotify’s Premium pricing, and subscriber numbers are up too.
Spotify turned a profit for the first time in 2024
Spotify reportedly posted a quarterly profit of about €367 million (about $380 million) last quarter, a massive jump from a net loss of €70 million the year before (per TheWrap). That contributed to a total annual profit of €1.14 billion (about $1.18 billion) for the year.
Spotify Hits 1st Full-Year Profit, Adds 35M Users
Spotify stock jumps after reporting its first full year of profitability, strong user metrics
Spotify Technology ( SPOT) posted fiscal fourth quarter earnings on Tuesday that beat revenue expectations and reported its first full-year profit. The audio giant also posted another strong quarter of subscriber gains, as churn levels remain low despite recent price increases.
Spotify Hits First Full-Year Profit, Adds 35M Users
Spotify reported its first full-year profit Tuesday, and an additional 35 million monthly active users.
Spotify Adds Highest-Ever 35 Million Monthly Users In Fourth Quarter
In Spotify's Q4 2024 earnings report, revenues were up 16% as active users (MAUs) reached 675 million and premium subscribers reached 263 million.
17h
Spotify predicts strong quarter after cost cuts power first annual profit
Spotify Technology reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, ...
9h
on MSN
Spotify CEO Daniel Ek Calls 2024 “A Year We Really Showed What We Are Capable Of” As Q4 Sings, Stock Pops
Spotify shares are up 10% premarket on a strong fourth quarter that saw users and subscribers grow and the global music giant ...
ABC Columbia
3h
Spotify turns a full-year profit for the first time
(CNN)– Spotify reported its first full year of profitability since its founding nearly 20 years ago. The Swedish audio ...
7h
Spotify Is Still One Of Top 4 Best Ideas For 2025: Analyst
Wall Street analysts rerated Spotify Technology S.A. (NYSE:SPOT) after it reported upbeat quarterly print Tuesday amid an ...
15h
Spotify rises 12.5%
Spotify (SPOT) is up 12.5%, or $68.44 to $617.52.Maximize Your Portfolio with Data Driven Insights:Leverage the power of TipRanks' Smart Score, ...
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