Spotify Shares Surge on Subscriber Gains, First Annual Profit

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 ($1.2 billion ...


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Spotify Shares Surge On Subscriber Gains, First Annual Profit

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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 ($1.2 billion ...

yahoo.com

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Spotify Reports First Annual Profit As Premium Subscriber Numbers …

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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 …

ft.com

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Spotify Adds Record 11 Million Premium Subscribers, Posts First …

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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

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Spotify Shares Pop 13% After Company Reports First Profitable Year

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

cnbc.com

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Is It Too Late To Buy Spotify Stock After Its Whopping 180% Gain …

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10 hours ago  · Spotify posted its first annual profit in 2024 Spotify generated $16.3 billion in total revenue during 2024. It was an 18% year-over-year increase, which marked an acceleration …

yahoo.com

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Spotify Surges On Swing To Profit, Boost In Paid Subscribers

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Apr 23, 2024  · The shares rose as much as 16% to $314.80 in New York, the biggest intraday gain since July 2022. Spotify has been tweaking its business model to expand beyond music …

yahoo.com

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Spotify Shares Surge After Posting A Surprise Profit On Higher …

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Oct 24, 2023  · Shares of Spotify Technologies soared over 9% on Tuesday as the music streaming service posted its first profit in a year and a half on higher prices and cost cuts.

investopedia.com

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Why Spotify Stock Is Surging Despite Its Earnings Miss

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Nov 13, 2024  · In the three months ended September 30, Spotify's revenue increased 18.8% year over year to 3.99 billion euros, primarily driven by subscriber gains and price increases. Its net …

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Spotify Shares Surge On Subscriber Gains, First Annual Profit

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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 for …

irishtimes.com

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Why Spotify Stock Is Surging - Finbold

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2 days ago  · Looking ahead, Spotify projects first-quarter revenue of €4.2 billion. The company anticipates 678 million MAUs, a net add of 3 million, with 265 million expected to be premium …

finbold.com

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Spotify Stock Surges Again. What's Behind The Rally?

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Nov 13, 2024  · Spotify's (SPOT 0.10%) earnings were strong once again, as the company's focus on profits and cash flow paid off. But it was the level of margin expansion that shocked investors.

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FAQs about Spotify Shares Surge on Subscriber Gains, First Annual Profit Coupon?

Why did Spotify stock surge the most in two years?

(Bloomberg) -- Spotify Technology SA shares surged the most in almost two years after the audio-streaming giant reported it swung to a profit in the first quarter, as the company boosted subscribers and added new features. Most Read from Bloomberg ...

Why did Spotify's shares rise 10 per cent?

Shares in the Stockholm-based company rose 10 per cent after it forecast higher operating income for the first quarter. 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 2008. ...

How did Spotify achieve its first full-year profit?

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 for all of 2024. Ek acknowledged the company’s transformation, noting that for its first 16 years, Spotify was focused on “driving meaningful scale. ...

How much money does Spotify make a year?

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 per cent to 263mn. ...

Does Spotify make a profit?

Streaming platform Spotify posted its first annual operating profit since its launch more than 16 years ago after it grew the number of paying subscribers and cut costs. Shares in the Stockholm-based company rose 10 per cent after it forecast higher operating income for the first quarter. ...

How did Spotify increase revenue?

Annual revenue jumped 16 per cent to €4.2bn as the company increased paying subscribers by 11 per cent to 263mn. 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. ...

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