Stockholm, Feb 4, 2025 (AFP) - Spotify logs first annual profit, beats user forecast

NAMPA / AFP

2025-02-04

Music streaming giant Spotify reported its first annual profit on Tuesday, with the number of active users growing more than expected in the fourth quarter to reach 675 million. The company reported a net profit of 1.1 billion euros ($1.14 billion) for 2024, compared to a net loss of 532 million euros in the previous year. "I am very excited about 2025 and feel really good about where we are as both a product and as a business," Spotify CEO Dani......

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