Spotify released its Q4 earnings on 2/4, impressing the market. This was mostly off the back of growing premium subscribers from Q4 2024, and continued growth into Q1 2025. MAUs are up, revenue is up, and expenses are down; Spotify is in a great position and has finally turned a profit for a full year.
Audio streaming giant Spotify (NYSE: SPOT) shares jumped 13% on February 4 after the company reported its first full year of profitability since its launch more than 16 years ago.
Spotify Technology SPOT reported better-than-expected fiscal fourth-quarter 2024 sales results on Tuesday.
Spotify stock jumped 10% on Tuesday after earnings were released. Travis Hoium covers the big move in this video.
Wall Street analysts rerated Spotify Technology S.A. SPOT after it reported upbeat quarterly print Tuesday amid an exciting earnings season.
Here's our initial take on Spotify's (SPOT 9.27%) fourth-quarter financial report.
Spotify Technology S.A. (NYSE:SPOT ) Q4 2024 Earnings Conference Call February 4, 2025 8:00 AM ET Company Participants Bryan Goldberg - Head of Investor Relations Daniel Ek - Co-Founder and Chief Executive Officer Gustav Soderstrom - Co-President, Chief Product and Technology Officer Alex Norstrom - Co-President, Chief Business Officer Christian Luiga - Chief Financial Officer Operator Good morning and welcome to Spotify's Fourth Quarter 2024 Earnings Call and Webcast.
Spotify shares climbed 10% after the music streaming company recorded its first full year of profitability. The company said it paid a record $10 billion in royalties to the music industry in 2024.
Although the revenue and EPS for Spotify (SPOT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Spotify Technology reported impressive user growth and profitability metrics, though its financial metrics were mixed.
Spotify Technology SA (NYSE:SPOT) shares were blasted to a new all-time high on Tuesday as the music and podcast streamer turned in better fourth-quarter revenue and 2025 guidance than expected. The Sweden-headquartered group posted results showing quarterly revenue of €4.24 billion, up 16% compared to a year earlier and beating the average Wall Street estimate of €4.14 billion.
On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted to €1.4 billion ($1.495 billion) for the 2024 fiscal year.