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Spotify reports its first full year of profitability, adds 35M monthly active users

  • Spotify announces its first full year of profitability after 17 years since its inception.
  • The operating income for Q4 2024 reached €477 million, amounting to €1.4 billion for the fiscal year.
  • Spotify adds 35 million monthly active users, surpassing internal projections and totaling 675 million.
  • Despite price hikes, Spotify's paid subscriber base grows to 263 million from 240 million last quarter.

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