👍 Finally in the Green
For the first time since its 2008 launch, Spotify has reported a profitable year.
🎧 Net profit for 2024 reached €1.14B, compared to a €532M loss in 2023.
🎧 Annual revenue rose to €15.6B, up from €13.2B in 2023.
🎧 Premium subscribers grew by 11% YoY, reaching 263M, despite two price hikes.
Total monthly active users hit 675M, marking a 12% increase.
Post #3409
4.5K
- 👍 20