Spotify logs first annual profit, beats user forecast

Quick Summary:

STOCKHOLM, Feb 5 — Music streaming giant Spotify reported its first annual profit yesterday, with the number of active u...

For the first quarter of 2025, Spotify expects to reach 678 million monthly active users and 265 million paying subscribers.

Four-quarter revenue grew 16 percent to 4.2 billion euros.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: CEO Daniel Ek Active Subscribers Spotify Annual First Profit Paying Users

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 10:28:25 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 25902192

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