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Spotify Beats on Subscribers, Records 1st Annual Profit
Spotify predicts strong quarter after cost cuts power first annual profit
Spotify Technology reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming giant benefits from strong user growth, price hikes and a cost-cutting drive.
Spotify Beats on Subscribers, Records First Annual Profit
Spotify Technology SA posted another quarter of better-than-expected subscriber growth, with the Swedish music company recording its first-ever annual profit.
Spotify Reports First Full-Year Profit
Price increases and cost discipline helped the audio-streaming giant pivot from heavy spending on growth to sustained profits.
Spotify Hits 1st Full-Year Profit, Adds 35M Users
Spotify reports its first full year of profitability, adds 35M monthly active users
Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago.
Spotify Adds Highest-Ever 35 Million Monthly Users In Fourth Quarter
In Spotify's Q4 2024 earnings report, revenues were up 16% as active users (MAUs) reached 675 million and premium subscribers reached 263 million.
Spotify Hits First Full-Year Profit, Adds 35M Users
Spotify reported its first full-year profit Tuesday, and an additional 35 million monthly active users. The audio giant reported 675 million monthly active users, the largest fourth-quarter increase in Spotify's history,
Spotify Earns Mixed Analyst Reviews
Spotify expected to report strong Q4 earnings as analysts look ahead to 'multiple catalysts on the horizon'
In the most recent quarter, Spotify said its gross margin increased to 31.1% from the prior year's 26.4%. Wall Street is projecting margins to once again expand to 31.8% in Q4. Still, analysts have warned that the pace of margin expansion may slow in 2025 after the metric jumped by over 400 basis points in 2024.
Spotify Earns Mixed Analyst Reviews After Q4 Success
Music streaming company Spotify Technology SA (SPOT) earned mixed reviews from analysts after delivering successful Q4 results. Optimistic
Spotify: Q4 Earnings Snapshot
The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share. The music-streaming service operator posted revenue of $4.53 billion in the period, surpassing Street forecasts.
Spotify, Music Publishers
Music Publishers Begin ‘Extensive' Spotify Podcast Takedowns Over Licensing Violations
Just hours after Spotify announced its first-ever annual net profit, the National Music Publishers' Association has launched an ongoing takedown initiative against the streaming giant for the unlicensed use of music in podcasts on its platform.
Music Publishers Ask Spotify to Take Down Podcasts Featuring Unlicensed Songs
Music publishers are asking Spotify to remove thousands of unlicensed songs from podcasts on its platform, a massive takedown request spanning work by megastars from Taylor Swift and Kendrick Lamar to Michael Jackson and Prince.
NMPA Issues 2,500 Podcast Takedown Actions Against Spotify, Claiming Infringement of Songs
The NMPA will issue takedown notices to Spotify for 2,500 podcast episodes that allegedly contain "unlicensed musical works" from member publishers.
15h
on MSN
Spotify finally turned a profit for a full year
Revenue has surged following increases to Spotify’s Premium pricing, and subscriber numbers are up too.
3d
9 useful apps that plug into Spotify
Your music streaming could be better. With apps like Stats.fm, Discoverify, and PlaylistAI, you can improve your Spotify ...
13h
Beyoncé’s Grammy Triumph Leads To A 940% Spotify Spike
Five of the songs on Beyoncé's Cowboy Carter experienced gains on Spotify of at least 750% in terms of number of streams ...
11h
on MSN
Spotify CEO Daniel Ek Calls 2024 “A Year We Really Showed What We Are Capable Of” As Q4 Sings, Stock Pops
Spotify shares are up 10% premarket on a strong fourth quarter that saw users and subscribers grow and the global music giant ...
20h
on MSN
Spotify swings to a profit as subscribers top estimates
Spotify Technology S.A. reported a fourth-quarter profit as the music streaming service’s monthly active users climbed by ...
6d
Spotify Wins Lawsuit Over Bundling Royalties
Spotify defeated a lawsuit from the Mechanical Licensing Collective accusing it of unfairly cutting royalty rates via its ...
CNET on MSN
21h
These Are the Expert Spotify Audio Tips You Need to Use in 2025
1. Open the Spotify app and tap on your profile picture in the upper left corner. 2. Tap the gear icon to open the Settings ...
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