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Subscriptions drive Spotify to first-ever annual profit
Mint New Delhi
|February 05, 2025
Spotify Technology SA posted another quarter of better-than-expected subscriber growth, with the Swedish music company recording its first-ever annual profit.
Total active monthly users increased to 675 million, Spotify said in a statement on Tuesday. That compared with the average Wall Street estimate of 664.9 million, according to analysts surveyed by Bloomberg. Paying customers grew to 263 million, also surpassing expectations.
This story is from the February 05, 2025 edition of Mint New Delhi.
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