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Spotify Celebrates First Full Year of Profitability

  • Spotify announced its fourth-quarter earnings, marking its first full year of profitability with a record €477 million ($509.48 million) operating income for Q4 and €1.4 billion ($1.495 billion) for FY 2024.
  • The platform added 35 million monthly active users, reaching 675 million total, surpassing projections.
  • Despite price hikes, paid subscribers grew to 263 million, and a new HiFi tier is expected soon.

Source: TechCrunch

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17% getting their Spotify Wrapped email

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2024 is likely to be a very slow year.