Spotify Reports Third Quarter 2024 Results – Spotify

Today we announced our third quarter 2024 results, in which we outperformed key metrics, moving us one step closer to a full year of profitability. Take a look at the highlights below:

• Monthly active users grew 11% year over year to 640 million.
• Subscribers increased 12% year over year to 252 million.
• Total sales increased by 19% year-on-year 4 € Billion.
• Gross margin reached 31.1%.
• Operating result improved to 454 million euros.

“Thanks to the outstanding performance of our team, we have never been in a better position. I’m incredibly proud of the way we delivered and the progress we’ve made.” said Daniel Ek, Spotify founder and CEO,“We are where we wanted to be – if not a little further – and on a steady path to achieving our long-term goals. This relentless pursuit of innovation and commitment to growth allows us to deliver the most valuable user experience in the industry while strengthening the core strengths that make Spotify unique. I’m very excited about what lies ahead.”

Would you like to find out more? Click Here You can view the full earnings release and listen to the Q&A webcast on our investor relations website Here.