Spotify Reports Third Quarter 2024 Earnings

Nov 12, 2024  · Today, we announced our third quarter 2024 earnings where we outperformed across key metrics, moving us one step closer to a full year of profitability. Take a look at the highlights below: Monthly Active Users grew 11% Y/Y to 640 million. Subscribers increased …


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Spotify Reports Third Quarter 2024 Earnings

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Nov 12, 2024  · Today, we announced our third quarter 2024 earnings where we outperformed across key metrics, moving us one step closer to a full year of profitability. Take a look at the highlights below: Monthly Active Users grew 11% Y/Y to 640 million. Subscribers increased …

spotify.com

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Spotify Achieves Record Profitability In Q3 2024 - Markets Insider

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Nov 12, 2024  · Spotify Technology SA reported a robust Q3 2024 performance with total revenue reaching €3.... Spotify Technology SA (SPOT) has released an update. ... Spotify Achieves …

businessinsider.com

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Spotify Q3 2024 Financial Results Reveal Record Operating Profit

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Nov 12, 2024  · Spotify reported an operating profit of €454m in Q3, an impressive step on from its €266m operating profit the previous quarter, and €32m a year ago. In the quarter before this …

musically.com

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Spotify Q3 Earnings: 252 Million Premium Subs, Revenue Climbs …

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Nov 12, 2024  · Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19% Company says it's on track to reach full-year 2024 profitability

variety.com

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SPOT Earnings: Spotify Soars 6% On Strong Q3 Earnings And …

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Nov 13, 2024  · Operating income hit a high of €454 million, an 11.4% margin, setting Spotify firmly on track for its first full year of operating income profitability.Spotify’s User Growth and …

nasdaq.com

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Spotify Cruises Past Quarter-of-a-billion Subscribers, As It Eyes $1 ...

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Nov 13, 2024  · The company yesterday (November 12) published its financial results and user numbers for the third quarter of 2024 (ended September 30). The headline stat from the music …

musicbusinessworldwide.com

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Spotify Stock Cracks $465 Following Strong Q3 2024 Earnings

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Nov 13, 2024  · Before Spotify’s anticipated “first full year of profitability” is in the books, company brass are banking on adding eight million subscribers (260 million total), hitting $4.34 billion/€4 ...

digitalmusicnews.com

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Spotify Reports Its First Full Year Of Profitability, Adds 35M Monthly ...

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3 days 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. Spotify also reported an …

techcrunch.com

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Spotify Posts $1.5bn Annual Operating Profit For 2024, As …

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3 days ago  · Premium revenue. In terms of finances, Spotify reports that its Premium subscriber growth translated into Premium revenue of €3.705 billion (USD $3.957bn) in Q4 2024.. …

musicbusinessworldwide.com

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Spotify Cranks Up The Volume On Profitability, New Offerings

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Jan 31, 2025  · According to the automaker's latest earnings report, Tesla made a net profit of $2.3 billion in the fourth quarter of 2024 — a 71 percent drop off equalling $5.6 billion from the …

yahoo.com

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Spotify Reports A €1.37bn Operating Profit For 2024

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3 days ago  · That was based on annual revenues of €15.67bn, up 18.3% year-on-year. During 2024 Spotify added 73 million net new users, including a quarterly record of 35 million in Q4 …

musically.com

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Spotify Stock Jumps As Streaming Giant Hits First Full Year Of ...

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3 days ago  · Spotify shares are jumping almost 10% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat …

investopedia.com

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Spotify Market Cap Value Tops $124bn - As Stock Price Hits Record …

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2 days ago  · Spotify‘s market value surged to a record $124 billion on Tuesday (February 4) after its stock reached an all-time high, fueled by its first-ever full year of operating profit.. Shares of …

musicbusinessworldwide.com

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Spotify Q4 2024: Revenues Up 16% As Premium Users Hit 263 Million

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3 days ago  · In Spotify's Q4 2024 earnings report, ... said 2024 was its first full year of profitability. It reported that quarterly revenue of 4.2 billion euros ($4.34 billion), up 16%, “was ahead of …

billboard.com

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Spotify Reports First Full-Year Profit - WSJ

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Spotify Technology SPOT13.24%increase; green up pointing triangle reported its first ever full year of profitability, fueled by record user growth and austerity measures after years of heavy ...

wsj.com

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Spotify Stock Hits $400 Ahead Of Critical Q3 Earnings Report

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Nov 7, 2024  · Spotify stock has cracked $400 per share for the first time, and all eyes are now on the business’s upcoming Q3 2024 earnings report. Spotify shares (NYSE: SPOT) have …

digitalmusicnews.com

FAQs about Spotify Reports Third Quarter 2024 Earnings Coupon?

What did Spotify Technology sa do in Q3 2024?

Spotify Technology SA (SPOT) has released an update. Spotify Technology SA reported a robust Q3 2024 performance with total revenue reaching €3.988 billion, marking a 19% year-over-year growth. The company achieved record profitability, with operating income surging to €454 million and a gross margin of 31.1%. ...

Does Spotify report a record profit in Q3 of 2024?

Spotify reports record profit in Q3 of 2024. We independently review all our recommendations. Purchases made via our links may earn us a commission. Learn more ❯ Spotify’s record profits come with a price. Spotify is finally on track for its first profitable year since going public with a $499 million operating profit for Q3 of 2024. ...

Will Spotify make a profit in 2024?

Meanwhile, Spotify posted a quarterly operating income of nearly half a billion dollars – at €454 million ($499m) – in the quarter. That put Spotify’s YTD (i.e. first three quarters) operating profit in 2024 at EUR €888 million (approx USD $975m), and firmly on course for annual profit in the full year. ...

Will Spotify hit profitability in Q3?

After Judge Rules Company’s Practices Violated Federal Law Spotify cranked up the volume with another strong quarter, packing on 6 million paying subscribers globally in Q3 and issuing an upbeat forecast for the year-end quarter — saying it’s on track to hit profitability for the full year for the first time. ...

Is Spotify a profitable company?

The company achieved record profitability, with operating income surging to €454 million and a gross margin of 31.1%. Despite currency challenges, Spotify’s strategic expansions and strong user growth, including a 12% increase in premium subscribers, have positioned it for sustained long-term success. ...

Do Spotify's record profits come with a price?

Spotify’s record profits come with a price. Spotify is finally on track for its first profitable year since going public with a $499 million operating profit for Q3 of 2024. But these numbers come at a cost, not for Spotify, but for its artists. ...

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