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Spotify Technology Swings to Q4 Earnings as Revenue Rises
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Spotify Technology Swings to Q4 Earnings as Revenue Rises
Feb 4, 2025 3:52 AM

06:26 AM EST, 02/04/2025 (MT Newswires) -- Spotify Technology SA ( SPOT ) reported Q4 diluted earnings Tuesday of 1.76 euros ($1.82) per share, swinging from a loss of 0.36 euros a year earlier.

Analysts polled by FactSet expected earnings of 1.99 euros per share.

Revenue for the quarter ended Dec. 31 was 4.24 billion euros, up from 3.67 billion euros a year earlier.

Analysts surveyed by FactSet expected 4.15 billion euros.

Spotify ( SPOT ) said it had 675 million total monthly active users in Q4, up 12% year over year.

The company said it expects Q1 revenue of 4.2 billion euros. Analysts polled by FactSet expect 4.17 billion euros.

Shares of the company were up more than 7% in recent premarket activity.

Price: 589.60, Change: +40.52, Percent Change: +7.4

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