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An update from Spotify Technology SA ( (SPOT) ) is now available.
Spotify Technology S.A. released its Q4 2024 financial results on February 4, 2025, showcasing a strong performance with revenue growth of 16% year-over-year, reaching €4.2 billion. The company saw its highest ever quarterly additions in Monthly Active Users (MAUs) and Premium Subscribers, with an increase of 35 million and 11 million respectively. Despite a slight miss in operating income, impacted by €96 million in social charges, Spotify achieved a record 32.2% gross margin. The full year of 2024 marked Spotify’s first year of operating income profitability, supported by strategic reinvestments aimed at long-term growth, making the company well-positioned for continued success in 2025.
More about Spotify Technology SA
Spotify Technology S.A. operates in the digital music and media streaming industry, offering audio streaming services with a focus on music, podcasts, and video content. The platform caters to a global audience with both ad-supported and premium subscription models, aiming to enhance user engagement and provide creators with monetization opportunities.
YTD Price Performance: 19.83%
Average Trading Volume: 2,645,501
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $107.5B
See more insights into SPOT stock on TipRanks’ Stock Analysis page.
