Spotify, leading the world service of music flow, has announced its first completely profitable year since its launch in 2008. About it reports Publication Verge. The company’s net profit for 2024 is € 1.14 billion, which is a significant development compared to the losses of € 532 million recorded last year.
In November last year, Spotify has already announced its intention to obtain this important milestone. The total annual income reached € 15.6 billion compared to € 13.2 billion in 2023. This growth was facilitated by an increase of 11% from 236 million to 263 million users from 236 million to 263 million users in the annual account in the number of premium-tarife paid subscribers. The total number of active users per month increased by 12%and reached 675 million.
During this period, new functions based on artificial intelligence were introduced to create playlists and listen to audio books. However, the report was not specified from the report when the long -term function of flow transmission of sound without loss of quality was initiated.
Daniel Ek, General Manager of Spotify, said, “I am very pleased with the expectations of 2025 and I trust myself in relation to our business both and as a whole,” he said. “While maintaining the efficiency levels obtained last year, we will continue to bets that will have a long -term effect and increase our speed. This combination that allows us to create the best and most valuable user experience, to stable growth and give creativity to the world.
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Source: Gazeta

Jackson Ruhl is a tech and sci-fi expert, who writes for “Social Bites”. He brings his readers the latest news and developments from the world of technology and science fiction.