The Spotify company, the largest online music store El Mundo, has won 477 million euros throughout the fourth fiscal quarter, so it completes its first full year in black numbers. To achieve this performance, the Swedish multinational has registered revenues of 4.2 billion euros between the past months of October to December, 16% more than the same period of 2023. The gross margin shot at 555 interannual basic points, almost a third more than twelve months ago.
According to the magnitudes revealed on Tuesday, the musical application It has increased its monthly active users 12%, with a total of 675 million (8.2% of the world’s population)while subscribers also grew by a similar percentage (11%) to 263 million subscribers. Among the growth engines of the platform, the podcast stands, whose offer includes 6.5 million different titles, which have generated a audience greater than 500 million people.
Videocasts also maintain their upward trend, with 330,000 contents in the catalog and more than 270 million users and with a number of video creators actively that grows every month to rhythms greater than 50% of one year to another. To the above are added 350,000 Audiobooks available.
According to company data, the fertify made by Spotify to the whole of the musical content industry during the past year exceed 10,000 million dollars (9.7 billion euros), of a total of 60,000 million dollars (58.1 billion euros) already distributed since the company was established.
Daniel EK, Founder and CEO of Spotifyhe has shown his satisfaction with the results of 2024 and has shown his optimism regarding this exercise: “I am very excited about 2025 and I feel very good where we are, as much as a product and company. Therefore, we will continue to bet on an impact In the long term, toUuming our speed and maintaining the efficiency levels we achieved last year. It is this combination that will allow us to create the best and most valuable user experience, grow sustainably and offer creativity to the world. “
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