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Spotify Q4 earnings and forecast: 1st-time full-year profit

Streaming audio juggernaut Spotify released Q4 earnings. The company characterized the report like this: “We ended 2024 with strong Q4 performance, as nearly all of our KPIs exceeded guidance and profitability reached record levels. Continued growth is expected for 2025,” the company said.

The executive summary chart below tracks results from Q4 2023 to third and fourth quarters 2024. Year-over-year and quarter-over-quarter are disclosed also.

On the usage side, Spotify grew monthly active users (MAUs) in each of three key categories:

  • Total monthly active users (MAUs): 675 million
  • Premium MAUs — they pay a subscription fee for access to all features: 263 million
  • Ad-supported MAUs — they pay nothing for a listening experience that includes commercials: 425 million

All this adds up to the largest Q4 in Spotify’s history as a public company. Speaking to investors, the company notes that this report’s milestones exceed the guidance that Spotify provided in the most recent investor earnings call.

Investors are certainly pleased. TheSPOT chart below shows trading over February 3-4. The Q4 results were publicly released on Feb. 4.

 

 

“Looking into 2025, we view the business as well positioned to deliver another year of continued growth and improving margins.” –Spotify Q4 2024 earnings report


Brad Hill

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