CEO Daniel Ek stated, "We believe we are in a new reality where we are a profitable company. I know a lot of people always doubted us but we always knew we could but it was time to prove we could as well." This highlights Spotify’s transition into profitability, which had long been a point of skepticism among investors.
CFO Christian Luiga mentioned, "We see positive cash flow going forward and growing." This statement reinforces the positive outlook for Spotify’s financial health as they anticipate ongoing growth in profitability.
Ek emphasized a shift in spending habits, stating, "You should not expect that we're going to go back to 2021 behavior. We want to be very resourceful." This indicates a more disciplined financial approach moving forward.
The company achieved a gross margin of 31.1%, surpassing 30% for the first time, and reported an operating income record of €454 million. This signifies Spotify’s strong financial performance and successful cost-cutting measures.
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