Spotify has released its fourth quarter 2024 earnings, showing a strong year-end performance that exceeds expectations. Key highlights include:
Monthly active users reached 675 million, growing 12% from the previous year.
Subscriptions increased by 11%, reaching 263 million subscribers.
Revenue grew 16% to €4.2 billion, driven by an expansion of its gross margin by 555 basis points to 32.2%.
The company also reported a significant increase in operating income, now standing at €477 million.
Founder and CEO Daniel Ek expressed confidence for the future, stating that Spotify will continue to prioritize long-term growth while maintaining efficiency. Ek believes this approach will enable the company to build a superior user experience, grow sustainably, and deliver creative content globally.
Source: https://newsroom.spotify.com/2025-02-04/spotify-reports-fourth-quarter-2024-earnings