Spotify reports its first full year of profitability, adds 35M monthly active users

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 ...