FINANCIAL PERFORMANCE

Spotify Reports Fourth Quarter 2024 Earnings

February 4, 2025

Today, we announced our fourth quarter 2024 earnings, closing Q4 stronger than ever by outperforming across key metrics and celebrating our first full year of profitability. Take a look at the highlights below:

  • Monthly Active Users grew 12% Y/Y to 675 million.
  • Subscribers increased 11% Y/Y to 263 million.
  • Total Revenue was up 16% Y/Y to €4.2 billion.
  • Gross Margin climbed by 555 bps YoY to 32.2%.
  • Operating Income rose to €477 million.

“I am very excited about 2025 and feel really good about where we are as both a product and as a business,” said Daniel Ek, Spotify Founder & CEO. “We will continue to place bets that will drive long term impact, increasing our speed while maintaining the levels of efficiency we achieved last year. It’s this combination that will enable us to build the best and most valuable user experience, grow sustainably and deliver creativity to the world.”

Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here.