Spotify Surpasses 640 Million Users, Projects First Full Year of Profitability

The streaming giant's strong third-quarter performance and strategic cost-cutting measures set the stage for sustained growth.

Spotify reported a 19% year-over-year revenue increase to €4 billion, with operating income reaching a record €454 million.
The company added 14 million monthly active users, bringing the total to 640 million, and increased premium subscribers by 12% to 252 million.
Despite missing analyst estimates for earnings per share, Spotify's stock surged due to optimistic future profit forecasts and strong user growth.
Spotify's strategic focus on AI-driven features and cost management has positioned it for its first full year of profitability since launching 18 years ago.
CEO Daniel Ek highlighted the company's commitment to leveraging AI to enhance user experience and drive further growth in the streaming market.