Spotify's Q4 2024 earnings released today showed a robust growth in key metrics, including 675 million monthly active users and 263 million premium subscribers, marking significant year-on-year increases. Total revenue reached €4.2 billion, a 16% rise, with operating income hitting €477 million in the quarter and totaling €1.4 billion for the year. This quarter marks Spotify's first full year of profitability, leading to a nearly 9% stock price surge in premarket trading, indicating investor confidence in the company's recent efficiency and growth strategies.
Spotify reported incredibly strong performance metrics for Q4 2024, including a 12% year-on-year increase in active users and an impressive 16% rise in total revenue.
The company's first full year of profitability is marked by a historic jump in monthly active users, finally validating its business model and strategies implemented in recent years.
Spotify's stock climbed nearly 9% in premarket trading following the announcement of a record Q4, solidifying its resurgence on the NYSE compared to previous years.
Overall, Spotify's success hinges on an efficient cost structure and robust subscriber growth, reflecting its strong hold in the competitive streaming market.
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