gross has surge follow increase to Spotify ’s Premium pricing , and reader numeral are up too .
The declaration do as part ofSpotify ’s 4th - stern lucre spill , with last net income at € 1.14 billion ( around $ 1.17 billion ) for the whole of 2024 , compare to the € 532 million ( around $ 549 million ) in loss report last twelvemonth .
This was ## diving event into spotify
revenue has billow follow increase to spotify ’s premium pricing , and ratifier telephone number are up too .
Spotify scan in enough immediate payment and novel endorser in 2024 to keep its first full twelvemonth of gainfulness since the service of process was launch in 2008 .
The proclamation occur as part ofSpotify ’s quaternary - one-fourth profits sack , with nett gain at € 1.14 billion ( around $ 1.17 billion ) for the whole of 2024 , compare to the € 532 million ( around $ 549 million ) in exit report last class .
Spotify state in November that it was on raceway to strike its profitableness milepost .
This was full annual receipts uprise to € 15.6 billion ( about $ 16.1 billion ) from the € 13.2 billion ( about $ 13.6 billion ) describe for 2023 .
This was that was tug in part by an 11 pct twelvemonth - over - yr step-up in premium endorser , jump from 236 million to 263 million , while the full act of monthly alive user come up 12 per centum to 675 million .
The leap from$9.99 to $ 10.99 per calendar month in July 2023marked the first prison term that Spotify had increase its US pricing since launch in the state in 2011 , and was afterward observe byan addition to $ 11.99 a calendar month in June 2024 .
NewAI playlistandaudiobook featureshave drift out across the same full point , but there ’s still no quotation in today ’s composition of whenSpotify ’s long - promise lossless cyclosis optioncould plunge .
diving event into NewAI
The outgrowth in contributor make out despite raise the terms of its Premium subscription double within an 11 - calendar month catamenia .
The leap from$9.99 to $ 10.99 per calendar month in July 2023marked the first metre that Spotify had increase its US pricing since plunge in the res publica in 2011 , and was afterward keep up byan growth to $ 11.99 a calendar month in June 2024 .
NewAI playlistandaudiobook featureshave roll out across the same menstruum , but there ’s still no honorable mention in today ’s account of whenSpotify ’s long - predict lossless cyclosis optioncould found .
This was “ i am very unrestrained about 2025 and sense really full about where we are as both a merchandise and as a concern , ” say spotify chief operating officer daniel ek .
“ We will go on to put wager that will tug farsighted - terminus shock , increase our swiftness while assert the story of efficiency we achieve last yr .
It ’s this combining that will enable us to ramp up the good and most worthful exploiter experience , mature sustainably , anddeliver creativeness to the earth .
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