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Spotify reached 640 million users

By admin, Kasım 13, 2024






Spotify reached 640 million users



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One of the world’s largest music streaming platforms announced its 2024 third quarter financial results. Company, premium abone increasing the number by 12 percent compared to the previous year 252 million announced that it reached the user. Also, total monthly active user with an 11 percent increase in the number 640 million reached, revealing Spotify’s strong growth.

Spotify made a full-year profit for the first time

Spotify’s total revenue increased by 19 percent compared to the same period of the previous year increasing by 4 billion euros rose to the level. Company, in operating income recorded a significant improvement 454 million eurosReached . This means Spotify has reached its highest operating revenue. Additionally, the company said it expects to reach full-year profitability in 2024, which is the first quarter since the company started operations 18 years ago. profit for the first time in a full year He said he would get it.




Spotify reached 640 million users



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The majority of Spotify’s revenue growth was driven by 21 percent growth driven by an increase in the number of premium subscribers and increases in subscription prices. The company increased prices for premium accounts in June. Revenue from ad-supported accounts grew by 6 percent.

Despite the positive developments in operating income, Spotify reported that its financial results were impacted by social security liabilities (taxes associated with employee salaries and benefits) of €54 million. These expenses were 39 million Euros above the company’s forecast.

























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