Spotify's operating income 2013-2024
Spotify reported its first-ever annual net profit in 2024, marking a significant financial turnaround. The company recorded an operating profit of 1.37 billion euros, compared to a loss of 446 million euros in the previous year. This milestone was driven by revenue growth, cost optimizations, and a surge in premium subscriptions. Additionally, Spotify's annual revenue reached 15.67 billion euros, up 18.3 percent year-on-year, further solidifying its market position.