Core Insights - Spotify's shares increased by 10% following the announcement of its first full year of profitability, with a net income of 1.14 billion euros [1] - The company reported a 40% year-over-year growth in gross profit, reaching 477 million euros in operating income, slightly below guidance [1] - Spotify paid a record $10 billion in royalties to the music industry in 2024, with expectations for continued growth due to a new multi-year publishing agreement with Universal Music Group [2] Financial Performance - Revenue for the fourth quarter was reported at 4.24 billion euros, surpassing the expected 4.19 billion euros [3] - Earnings per share were 1.76 euros, which fell short of the expected 1.99 euros [3] - Monthly active users (MAUs) reached 675 million, exceeding the expected 664.3 million [3]

For the quarter ended December 2024, Spotify (SPOT) reported revenue of $4.53 billion, up 14.5% over the same period last year. EPS came in at $1.88, compared to -$0.39 in the year-ago quarter.The reported revenue represents a surprise of +3.81% over the Zacks Consensus Estimate of $4.36 billion. With the consensus EPS estimate being $1.92, the EPS surprise was -2.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

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.Spotify also reported an addition of 35 million monthly active users (MAUs), the largest Q4 net addition in the company’s history, surpassing internal projections of 25 million. This increase brings the total t ...

Spotify (SPOT) shares are jumping around 8% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat estimates. “Spotify hit some huge milestones, including our first full year of profitability,” Chief Executive Officer Daniel Ek said in a post on X. Spotify, which had been cutting costs in recent years, said fourth-quarter revenue jumped 16% year-over-year to 4.24 billion euros ($4.38 billion). That exceeded the 4.16 billion eu ...

Spotify (SPOT) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $1.92 per share. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.08%. A quarter ago, it was expected that this music-streaming service operator would post earnings of $1.75 per share when it actually produced earnings of $1.59, delivering a surprise of -9.14%.Over the last four quarters, ...

Q4 2024 Update February 4th, 2025 Table of Contents | Executive Summary | p.03 | | --- | --- | | Key Highlights | p.04 | | Financial Summary | p.06 | | MAUs & Subscribers | p.13 | | Product & Platform | p.16 | | Outlook | p.21 | Financial Statements p.24 2 Executive Summary | USER & FINANCIAL SUMMARY | Q4 2023 | Q3 2024 | Q4 2024 | Y/Y | Q/Q | | --- | --- | --- | --- | --- | --- | | USERS (M) | | | | | | | Total Monthly Active Users ("MAUs") | 602 | 640 | 675 | 12% | 5% | | Premium Subscribers | 236 | 252 | ...

Music streaming name Spotify Technology SA (NYSE:SPOT) is preparing for its latest quarterly earnings report, due out before the open Tuesday, February 4. The stock has a bright earnings history, finishing its last five post-earnings sessions higher and closing only one next-day session lower over the past two years. The stock has already been outperforming on the charts recently, too, hitting a record high of $560.36 just last session before turning lower. Today, the shares were last seen up 0.4% at $550.5 ...

Spotify Technology SA SPOT will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects $2.06 in EPS and $4.15 billion in revenues as the company reports before market hours.The stock is up 145.71% over the past year, 19.83% YTD.Let’s look at what the charts indicate for Spotify stock and how the stock currently maps against Wall Street estimates.Read Also: Universal Music And Spotify Partner To Boost Artist Earnings And Innovate Streaming ExperienceSPOT Stock Strongly Bullish Ahead Of Q4 E ...

The upcoming report from Spotify (SPOT) is expected to reveal quarterly earnings of $1.92 per share, indicating an increase of 592.3% compared to the year-ago period. Analysts forecast revenues of $4.36 billion, representing an increase of 10.3% year over year.Over the last 30 days, there has been a downward revision of 1.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...