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Spotify Adds Highest-Ever 35 Million Monthly Users In Fourth Quarter
In Spotify's Q4 2024 earnings report, revenues were up 16% as active users (MAUs) reached 675 million and premium subscribers reached 263 million.
Spotify added 35 million monthly active users in the fourth quarter last year — the most ever in a single quarter — bringing the total number of people streaming on the Swedish music and audiobook platform to 675 million, the company reported on Tuesday. Those cost cuts helped cut Spotify’s expenses by 16% from last year to 891 million euros ($920.48 million), while revenue from premium subscribers rose 17% to 3.7 billion euros ($3.18 billion). Spotify’s gross margin–a key measure which strips the cost of sales out of the company’s revenue–came in above target at 32.2%, compared to 26.7% a year ago.
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