Reported about 5 hours ago
Spotify shares jumped nearly 10% following the announcement of its first full year of profitability, along with robust quarterly earnings exceeding revenue expectations. The company reported a significant increase in monthly active users, reaching 675 million, achieving its best fourth-quarter subscriber growth in history despite recent price hikes. Analysts noted Spotify's efficient strategy and upcoming product enhancements as key factors driving its accelerated growth in 2025.
Source: YAHOO