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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 ...
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 ...
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 ...
Profit was also boosted by strong margins in the quarter, with the company delivering gross margins of 26.4%, slightly beating guidance of 26%. The streamer said it expects margins to tick up to ...
Spotify’s lower royalty rates are retroactive to March 1, 2024, when it launched an audiobook-only tier (for $9.99/month in the U.S.) in addition to the music-and-audiobook bundle introduced in ...