The Swedish music app has published results for the final quarter of 2024, its first full year of profitability.
Revenue rose 16 per cent year-on-year to €4.2 billion. Users grew by 12 percent to 675 million, subscribers by 11 percent to 263 million.
Musicians were paid peanuts.
Founder Daniel Ek says they should be grateful.
The post Spotify turns a profit (you don’t) appeared first on Slippedisc.
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