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Spotify Posts First Full-Year Profit for 2024, CEO Says Streamer Will ‘Double Down’ on Music in 2025
Spotify reported solid Q4 and full-year 2024 earnings, with the streamer turning in its first annual net profit since it was founded in 2006.
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. For Q4, Spotify’s total revenue increased 16% to €4.2 billion, and operating income hit a record high of €477 million. “We will continue to place bets that will drive long-term impact, increasing our speed while maintaining the levels of efficiency we achieved last year.
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