CosmicTaco

Spotify Celebrates First Full Year of Profitability

CosmicTaco · 2025-02-05T10:44:54.556247+05:30

- 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](https://techcrunch.com/2025/02/04/spotify-reports-its-full-year-of-profitability-adds-35m-monthly-active-users/)

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