Spotify Crushes Q4 Expectations With 751M Monthly Users
The streaming giant posted €4.5B in revenue and blew past analyst estimates on operating income.
Spotify just dropped a Q4 earnings report that should make shareholders very happy. The Swedish streaming company pulled in €4.5 billion in revenue, marking a 13% jump from the same period last year.
The user numbers tell an even better story. Premium subscribers hit 290 million, up 10% year-over-year. Monthly active users climbed 11% to reach 751 million people—significantly more than analysts had penciled in.
But here's the real headline: operating income came in at €701 million. That's comfortably above the €639.1 million Wall Street was expecting.
After years of battling profitability concerns and skeptics questioning whether music streaming could ever be a real money-maker, Spotify keeps proving it can grow users and fatten margins at the same time. The podcast pivot and audiobook push appear to be paying dividends.