The stock rally was fueled by SPOT’s latest financial report. The company posted FY 2024 operating income of €1.4 billion ($1.46bn), marking a turnaround from a loss of €466 million ($485m) in 2023.
CEO Daniel Ek, on a call with analysts after the numbers, called “2024 was a year where we really showed what we are capable of.” Related Stories News Spotify, Universal Music Group Strike ...
Ek added: “think the main thing people can see from Christian coming in is he used to have a suit and tie on every day, and as evident from Spotify’s culture, he's now sitting in T-shirts.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Daniel Ek’s body-scanning start-up Neko Health has raised $260mn in new capital to fuel expansion of its ...
Spotify CEO Daniel Ek is now the proud co-founder of two billion-dollar-plus companies after his body scanning startup, Neko Health, reached unicorn status in its latest fundraising round.
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