Spotify reported remarkable growth in its fourth-quarter earnings, achieving its first full year of profitability after 17 years. The company recorded an operating income of €477 million and a total of 263 million paid subscribers, fueled by a 35 million increase in monthly active users. This milestone was supported by a new agreement with Universal Music Group, promising artist royalties and paving the way for new subscription offerings. Spotify's strategic price increases for its premium service indicate confidence in its growth trajectory.
On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago.
Spotify’s paid subscriber base reached 263 million, up from 240 million in the previous quarter, despite implementing two consecutive price hikes for Premium subscriptions.
Collection
[
|
...
]