Spotify writes for the first time in 2024

“Better than expected,” Spotify’s founder Daniel is happy about his company’s financial financial descriptions. The operational benefit has fallen, but is more than three times as high operative cash flow and the first time. Launched as a music streaming service in 2008, now there is a bouquet of music, videos, podcasts and audio books. He draws. Spotify counted 675 million active users in December.

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This is twelve percent more before a year. There are more than one registered users on Wednesday, namely 688 million (as year, +12%) Published financial data Emerges. 263 million of them pay for their membership (+11%), 425 million can be sprayed with advertising (+12%). The payment customer provides only 39 percent to the customers, but 13.8 billion euros in 2024, 17 percent increase: higher income: brings more income. Advertisement Revenue is comparatively 1.9 billion euros (+7%) volume.

Overall, Spotify has applied 15.7 billion euros (+18%), of which 3.4 billion euros remain as an operational benefit. This is an eighth low compared to 2023, which is not separated from EK. Eventually, Spotify increased operating cash flow to 2.1 billion euros. Input tax benefits (1.3 billion euros) and net profit (1.1 billion euro) are available only in the operating history of 17 -year of streaming service for the first time. A legal rest trick Spotphis also helped.

More money than loan

The Swedish company now has a minimum investment on 7.5 billion euro cash and high lead (as year). This is the first time more than the liabilities, at least since the IPO of Sports.

EK has withdrawn from day to day business. Although he is the CEO, he leaves the daily decision, however, two co-residence, Chief Business Officer Alex Norstrom and Chief Products and Technology Officer Gustav Soderstrom. The EK revealed this at the general conference on the telephone after announcing the financial data on Wednesday: the change “allows me to do more work on the future of the Spotific”. The founder of the company believes that he can do the most in this task.

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On the one hand, the train goes to music videos, podcasts, video casts and audio books. The royal structure is likely to be much more business than pure music currents. On the other hand, Spotify planned to introduce each other, higher value payments for payment and talk of “new ways to bring fans and artists closer to each other”. The management is expecting a slow growth for the current quarter, the customers paying pure two million have to be added, which is less than one percent. Spotify shares increased similarly on Wednesday.

(DS)