Spotify reports its first full profitability, adds monthly active users to 35 meters ncvrs.com

Tuesday morning the Spotify reported His fourth quarter income, which indicates his first full profitability from the beginning 17 years ago. Quarterly operating income reached a record € 477 million ($ 509.48 million) and was $ 1.4 billion ($ 1.495 billion) for the 2024 financial year.

Spotify has also reported that 35 million monthly active users (MAUS) have been added, the largest net supplement in the company’s fourth quarter, exceeding 25 million internal forecasts. This increase brings a total of 675 million, which is a 12% jump.

In addition, the company has experienced an increase in the paid subscriber base, despite making two consecutive prices for premium subscriptions. The company reported a total of 263 million subscribers, compared to 240 million in the previous quarter.

Over the past quarter, Spotify has tossed the future arrival of HiFi or “Super Premium” in the future, allowing the company to further increase prices. CEO Daniel EK has previously said that the plan costs about $ 17 or 18 per month, about $ 5 more than the current premium level.

Company’s profitability of the company arrives at the corner of Spotify and signs a new signature multi -year distribution agreement With the Universal Music Group. A business that includes payments to artists and protects their streaming royalties allows Spotify to launch a new offer for fans that contain extra discounts.