Spotify Stock Jumps as Streaming Giant Hits First Full Year of Profitability | Global News Avenue

Spotify (pointAfter the Swedish audio stream giant released its first annual profit and quarterly revenue, Tuesday’s stocks increased by about 8 % in stock transactions on Tuesday.

“Spotify has reached some huge milestones, including our first year’s profitability,” CEO Daniel Ek said in X’s post.

Spotify, that is Cutting In recent years, revenue in the fourth quarter has increased by 16 % year -on -year to 4.24 billion euros (US $ 4.38 billion). This surpasses the consensus of ALPHA’s 4.16 billion euro analysts. However, the company’s net profit was 367 million euros, and the net profit of the previous year was estimated to be less than 407.7 million euros.

Active users reach 675 million per month

Nevertheless, the number of subscribers is still soaring. Monthly active users In the fourth quarter, climbed 12 % to 675 million, and the high -level subscription rate was 263 million. Numbers exceed predict Spotify was made in the fourth quarter by 665 million MAUs and 260 million high -end subscribers, and estimated to be visible Alpha.

Looking forward to the future, Spotify’s SPOTIFY forecast revenue in the first quarter of 2025 was 4.2 billion euros, 678 million MAUS and 265 million high -booking households.

In the past year, Spotify’s stock has more than doubled.