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Spotify CEO Daniel Ek Calls 2024 “A Year We Really Showed What We Are Capable Of” As Q4 Sings, Stock Pops
Spotify shares are up 10% premarket on a strong fourth quarter that saw users and subscribers grow and the global music giant post a full-year profit for the first time since it launched in 2008.
Spotify shares are up 10% premarket on a strong fourth quarter that saw users and subscribers grow and the global music giant post a full-year profit for the first time since it launched in 2008. Those are payroll taxes linked in part the stock performance that rise with stock-based compensation. The company last year settled into its biggest Spotify Wrapped campaign ever, which it said delivered record-high user engagement (+10% Y/Y) across 184 markets and 53 languages.
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