Spotify consolidated its position in the market with solid growth in income and users, achieving its first full year of profitability and laying the foundations for sustained expansion.
Spotify (NYSE: Spot) presented Its results of the fourth quarter of 2024and ratified that he closed the year with strong performance and significant growth in key metrics. LA company celebrated its first full year of profitability, marking a milestone in its financial evolution.
Monthly active users reached The 675 millionwhich represents an interannual increase of 12%. This growth in the user base was accompanied by an increase of 11% in subscribers, totaling 263 million.
Spotify reported a 16% year -on -year growth in total income during the fourth quarter. Consequently, the shares of the platform are triggered before opening the market on Wall Street and rises 9.5%. A fact that takes relevance to local users who added this giving in their wallet.
Total quarter revenues increased by 16% year -on -year, reaching € 4.2 billion. This solid growth was supported by an improvement in the gross margin of the company, which expanded 555 basic points to 32.2%. Likewise, the operational income registered a significant increase, placing € 477 million.
Spotify CEO, Daniel EK, was optimistic about the future of the company and highlighted its commitment to improve the user experience and operational efficiency. With an approach to the long -term impact and sustainable growth, the company seeks to consolidate its position as leader in the musical streaming industry.
The growth of two digits in both monthly active users and subscribers demonstrates Spotify’s capacity to climb effectively.
Spotify trusts your future perspectives
The Spotify directive expressed confidence in the future of the company. Daniel Ek stressed the importance of making strategic investments that promote long -term impact and improve user experience. By increasing operational speed without compromising efficiency, Spotify seeks to maintain its growth impulse and offer innovative solutions to your audience.
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The company focuses on building the best possible user experience, with continuous improvements on its platform and services. This commitment to user satisfaction is expected to boost the growth of its user and subscriber base. As Spotify expand its offer, it is likely to attract a broader audience and reinforce its market penetration.
Although the company did not detail a specific financial guide for the next quarters, its strategic priorities point to an approach to sustainable growth and profitability. Taking advantage of their strengths and addressing possible challenges, Spotify is positioned favorably to achieve its long -term objectives.
Source: Ambito
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