Spotify Stock Soars Past $600 After Record Q4 Earnings, Plans Music-First Strategy for 2025
Spotify stock has reached an unprecedented $600 per share following strong Q4 2024 financial results, pushing the company's market cap beyond $121 billion.
The streaming giant reported impressive Q4 2024 metrics:
- Revenue: $4.40 billion (16% YoY increase)
- Subscription revenue: $3.85 billion (17% YoY growth)
- Advertising revenue: $557.17 million (7% YoY growth)
- Operating income: $494.91 million
- Free cash flow: $909.94 million (121% YoY increase)
Spotify stock price chart 2025
User growth remained strong with:
- 675 million monthly active users (MAU), up 12% YoY
- 263 million paid subscribers, up 11% YoY
- 56% of users now come from markets outside North America and Europe
Regional subscription breakdown:
- Europe: 37% (down 1% YoY)
- North America: 26% (down 1% YoY)
- Latin America: 22% (steady)
- Rest of World: 14% (up 1% YoY)
Q1 2025 forecasts:
- 678 million MAUs
- 265 million paid subscribers
- Revenue: $4.36 billion
- Operating income: $568.56 million
CEO Daniel Ek announced 2025 as a "year of accelerated execution," focusing on:
- Rapid product improvements
- Enhanced music experiences including video features
- New high-priced premium tier
- Superfan-focused initiatives
- Strengthened artist-fan connections
NMPA logo against black
The company plans to "double down on music" in 2025, with several unannounced features in development. While testing of the superfan offering is underway, executives remained non-committal regarding potential family plan sharing restrictions.
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