Spotify total revenue up 19% to touch €4 billion
The audio-sharing platform has seen 11% growth in Monthly Active Users, reaching 640 million
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Published: Nov 13, 2024 11:26 AM | 1 min read
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Spotify has posted total revenue of €4 billion, an increase of 19% year on year.
The audio sharing platform has seen 11% growth in Monthly Active Users to 640 million.
The number of subscribers stands at 252 million, a 12% YoY jump.
Spotify’s operating income has also improved to €454 million.
“We’ve never been in a stronger position, thanks to the outstanding execution by our team. I’m incredibly proud of the way we’ve delivered and the progress we’ve made,” said Daniel Ek, Spotify Founder & CEO.
“We’re where we set out to be—if not a little further—and on a steady path toward achieving our long-term goals. This relentless pursuit of innovation and commitment to growth sets us up to deliver the most valuable user experience in the industry, while reinforcing the core strengths that make Spotify unique. I am very excited about what lies ahead for us.”
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