Spotify reports first annual profit as premium subscriber numbers …

3 days ago · That left the annual number at €1.4bn, the first yearly profit since Spotify was launched in 2008. Annual revenue jumped 16 per cent to €4.2bn as the company increased paying subscribers by 11 ...

CouponFollow Extension

€1
OFF

Spotify Reports First Annual Profit As Premium Subscriber Numbers …

2 weeks from now

ft.com

$1.18
OFF

Spotify Adds Record 11 Million Premium Subscribers, Posts First …

2 weeks from now

3 days ago · This was the first year Spotify reported an annual profit, with the company posting a €1.14 billion — or about $1.18 billion — profit in 2024 . Subscribers: Spotify added 11 million …

thewrap.com

$1
OFF

Spotify Posts $1.5bn Annual Operating Profit For 2024, As …

2 weeks from now

3 days ago · Premium revenue. In terms of finances, Spotify reports that its Premium subscriber growth translated into Premium revenue of €3.705 billion (USD $3.957bn) in Q4 2024.. …

musicbusinessworldwide.com

€1.14
OFF

Spotify Shares Surge On Subscriber Gains, First Annual Profit

2 weeks from now

3 days ago · Combined with eliminating some 1,500 jobs, that has helped deliver Spotify’s first full-year profit since it launched in 2008. The company reported net income of €1.14 billion …

yahoo.com

16%
OFF

Spotify Predicts Strong Quarter After Cost Cuts Power First Annual …

2 weeks from now

3 days ago · Fourth-quarter revenue rose 16% to 4.24 billion euros, beating an estimate of 4.19 billion euros, driven by subscriber gains and a 5% increase in average revenue per user. …

reuters.com

13%
OFF

Spotify Shares Pop 13% After Company Reports First Profitable Year

2 weeks from now

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

cnbc.com

11%
OFF

Spotify Reports $1.17b First Annual Profit For 2024 - Tech In Asia

2 weeks from now

2 days ago · Premium subscribers increased by 11% year-over-year, growing from 236 million to 263 million. ... Spotify reports $1.17b first annual profit for 2024.

techinasia.com

$1.76
OFF

Spotify Stock Soars After Earnings, First Full-Year Profit. Adds ...

2 weeks from now

Spotify stock rises after the audio-streaming company reports earnings of $1.76 a share on revenue of $4.38 billion. ... Earnings Impress Markets as It Posts First Full-Year Profit. By …

barrons.com

16%
OFF

Spotify Lands First Full-year Profit - LinkedIn

2 weeks from now

3 days ago · Spotify’s fourth-quarter revenue climbed 16% from a year earlier, the company reported on Tuesday, helping it turn a full-year profit for the first time.

linkedin.com

$1.49
OFF

Spotify Celebrates Unprecedented Growth And First Full Year Of

2 weeks from now

For the 2024 fiscal year, Spotify’s operating income reached €1.4 billion ($1.495 billion), marking the first full year of profitability since its inception 17 years ago.

msn.com

€477
OFF

Spotify Reports First Annual Profit As Premium Subscriber Numbers …

2 weeks from now

Operating income was slightly below the company’s guidance in the fourth quarter at €477mn. That left the annual number at €1.4bn, the first yearly profit since Spotify was launched in …

skynews.icu

$1
OFF

Spotify: $1.5bn Annual Profit For 2024 • WithGuitars

2 weeks from now

3 days ago · 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.. That’s according to Spotify’s …

withguitars.com

FAQs about Spotify reports first annual profit as premium subscriber numbers … Coupon?

Why did Spotify make a profit?

Spotify Technology reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming giant benefits from strong user growth, price hikes and a cost-cutting drive. ...

How much money did Spotify make in 2024?

This was the first year Spotify reported an annual profit, with the company posting a €1.14 billion — or about $1.18 billion — profit in 2024 Subscribers: Spotify added 11 million premium subscriber during the quarter, which pushed the company to 263 million subscribers overall. ...

How many premium users did Spotify add in Q4?

Most analysts had estimated Spotify would add around 8 million premium subscribers during Q4 Monthly Active Users: Grew 12% year-over-year to 675 million people. Spotify added 35 million monthly active users during the quarter, setting a Spotify record for MAUs added in a holiday quarter ...

How many subscribers does Spotify have?

Subscribers: Spotify added 11 million premium subscriber during the quarter, which pushed the company to 263 million subscribers overall. That was an 11% increase year-over-year, and the 11 million new subscribers matched a company record, set during the holiday quarter in 2019, for the most premium customers added in a single quarter. ...

How did Spotify perform in the fourth quarter?

Record growth in premium customers helped increase revenue per user by 5 per cent to €4.85 from the previous year, as Spotify also benefited from increasing prices. Monthly active users jumped to 675mn in the fourth quarter, beating a 664.9mn forecast of analysts in a Bloomberg survey. ...

What time does Spotify hold a Q4 call?

The company will hold a call at 8:00 a.m. ET to discuss its Q4 report. The post Spotify Adds Record 11 Million Premium Subscribers and Posts First Annual Profit appeared first on TheWrap. ...