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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 ...
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 ...
The Premium gross margin was 34.7%, up 565 bps year over year, driven by favorability from audiobooks, music, and Other Costs of Revenue. The ad-supported gross margin was 15.1%, up 351 bps year ...
Spotify hiked prices in the U.S. in June last year. Gross profit jumped 40% thanks to a 16% decline in operating expenses. Gross profit margin increased to 32.2% from 31.1% in the prior quarter.
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 ($18 million). [203]
The audio giant also swung to a profit as it continues ... of 0.65 euros per share. It also compares with the year-earlier period loss of 225 million euros, or a loss of 1.16 euros a share ...
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.
The losses come after the company turned a profit in Q3 for the first time in over a year. Gross margins, however, came in stronger than expected at 26.7%, slightly beating company guidance of 26.6%.