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Spotify hit all the right notes in reporting Q4 and full-year 2024 earnings, with the audio streamer turning in its first annual net profit since it was founded in 2006. ... Spotify Posts First ...
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 from the 13% ...
(Reuters) -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 ...
Meanwhile, Spotify reported a fourth quarter profit of 367 million euros ($380 million), or 1.76 euros a share ($1.82). That's up from the prior-year period's loss of 70 million euros, or 36 euro ...
Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros.
As of 2017, Spotify was not yet a profitable company. [202] Spotify's revenue for Q1 2020 amounted to €1.85 billion ($2 billion). A large part of this sum, €1.7 billion ($1.84 billion), came from Spotify Premium subscribers. Gross profit in the same quarter amounted to €472 million ($511 million), with an operating loss of €17 million ...
At the time, the company had been struggling to turn a profit, with its gross margin stuck at around 25%. In the most recent quarter, Spotify said its gross margin increased to 31.1% from the ...
Spotify stock has surged more than 100% over the past year and is up 43% year to date. Spotify spent $1 billion pushing into the podcast market over the past four years with splashy A-list deals ...