Spotify Profits 2024. Total revenue was up 20% y/y to €3.6 billion. Looking ahead to the remainder of q1 2024, spotify is anticipating adding 16 million maus (including three million subscribers), with revenue of €3.6 billion ($3.87.
Wall street expects spotify to report 81 cents in. Here’s how the company did, compared with analyst expectations:
97 Euro Cents ($1.04) Vs.
In a report released on 23 april, the company’s gross profit.
Overall, Spotify Reported A Profit Of €65 Million (Around $69 Million) For The Recent Quarter, Versus A €166 Million ($177 Million) Loss The Year Previous.
Subscribers increased 14% y/y to 239 million.
Total Revenue Was Up 20% Y/Y To €3.6 Billion.
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Revenue Of 3.63 Billion Euros ($3.9 Billion) Slightly Topped The High End Of Guidance Of 3.6 Billion Euros.
Monthly active users grew 19% y/y to 615 million.
Spotify Profits Are Low, But It Pays Nearly 70 Cents Of Every Dollar It Earns From Music Streaming.
Gross margin of 27.6% was more than a percentage point.
Spotify Has Reported Record Quarterly Profitability Of €168M ($179M) In Its Q1 2024 Financial Results.