Categories AlphaGraphs, Earnings, Leisure & Entertainment

Spotify (SPOT) swings to profit in Q4 2024; revenue up 16%

Music streaming platform Spotify Technology (NYSE: SPOT) reported a profit for the fourth quarter of 2024, compared to a loss last year, aided by a double-digit increase in revenues.

Spotify Q4 2024 earnings infographic

Total revenue increased to EUR4.24 billion in the fourth quarter from EUR3.67 billion in the prior-year period. The company had 675 million monthly active users at the end of the quarter, up 12%.

Net income attributable to the company was EUR367 million, or EUR1.76 per share in Q4, compared to a loss of EUR70 million or EUR0.36 per share in the corresponding quarter last year. For the first quarter of 2025, the company expects total revenue of EUR4.2 billion and total MAUs of 678 million.

Prior Performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Infographic: Amazon (AMZN) Q4 2024 earnings beat estimates; sales rise 10%

E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) on Thursday reported higher sales and profit for the fourth quarter of 2024. Earnings also beat analysts' estimates. Net sales increased to $187.8 billion

Philip Morris (PM) delivers strong performance in 4Q24 helped by smoke-free strength

Shares of Philip Morris International Inc. (NYSE: PM) jumped 10% on Thursday after the company delivered better-than-expected earnings results for the fourth quarter of 2024 and provided an encouraging outlook

Highlights of Bristol-Myers Squibb’s Q4 2024 earnings report

Biotechnology company Bristol Myers Squibb (NYSE: BMY) reported lower profit for the fourth quarter of 2024, despite an increase in revenue. Net income attributable to shareholders was $72 million or

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top