Spotify Technology Stock News

Audio streaming giant Spotify (NYSE: SPOT) shares jumped 13% on February 4 after the company reported its first full year of profitability since its launch more than 16 years ago.

Spotify stock jumped 10% on Tuesday after earnings were released. Travis Hoium covers the big move in this video.

Here's our initial take on Spotify's (SPOT 9.27%) fourth-quarter financial report.

Spotify Technology S.A. (NYSE:SPOT ) Q4 2024 Earnings Conference Call February 4, 2025 8:00 AM ET Company Participants Bryan Goldberg - Head of Investor Relations Daniel Ek - Co-Founder and Chief Executive Officer Gustav Soderstrom - Co-President, Chief Product and Technology Officer Alex Norstrom - Co-President, Chief Business Officer Christian Luiga - Chief Financial Officer Operator Good mor...

Spotify shares climbed 10% after the music streaming company recorded its first full year of profitability. The company said it paid a record $10 billion in royalties to the music industry in 2024.

Spotify Technology reported impressive user growth and profitability metrics, though its financial metrics were mixed.

Spotify Technology SA (NYSE:SPOT) shares were blasted to a new all-time high on Tuesday as the music and podcast streamer turned in better fourth-quarter revenue and 2025 guidance than expected. The Sweden-headquartered group posted results showing quarterly revenue of €4.24 billion, up 16% compared to a year earlier and beating the average Wall Street estimate of €4.14 billion.

On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted to €1.4 billion ($1.495 billion) for the 2024 fiscal year.