There are multiple musical streaming applications on which you can find the pieces of your favorite artists. Apple Music, Deezer and of course Spotify host thousands of songs all of whichBillie Eilish, named artist of the year 2024 by Apple Music. Despite this particularly rough competition, Spotify has just experienced a historic 2024 exercise.A success illustrated by these few impressive figures communicated by the platform.
Spotify, finally profitable, has 675 million users
Spotify shares a news of the utmost importance:The platform has just concluded its first full year of profitabilityAfter several loss exercises since its creation in 2008. It happened to the Swedish company to know some positive quarterly assessments, but it always ended up concluding the calendar year in the red. Total turnover of Spotify increased 16 % between 2023 and 2024 to 4.2 billion euros. Of course, the most telling figure is the operating result of Spotify, which reaches 477 million euros.
Spotify owes this success to its growing community. The number of Soptify monthly active usersincreased by 12 % in annual shift to 675 million.263 million of them are subscribed to Premium, an increase of 11 % compared to 2024.
«I am very enthusiastic about the idea of 2025 and I feel very well in our position, both as a product and as a company. We will continue to make bets that will have a long -term impact, by increasing our speed while maintaining the levels of efficiency we have reached last year. It is this combination that will allow us to build the best and most precious user experience, to grow sustainably and to offer creativity to the whole world."Indicates Daniel Ek, founder and CEO of Spotify. The Swedish company therefore does not intend to change its strategy: it will continue to invest massively to stand out from the competition and inflate its number of users, even if it means putting themselves a little in danger.
Know that Spotify has 350,000 titles on its platformAnd that users have created a total of eight billion playlists including these songs. Moreover,Spotify is pleased to bring the music industry to lifeThanks to the $ 10 billion distributed in 2024 (60 billion since its creation).
Spotify
Couple: Spotify Ltd.
