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.
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.
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 ...
Spotify HiFi has been in the rumor mill for years at this point. A tier of streaming on Spotify that brings higher quality streams to its listeners, much like the hi-res streaming you'll find on the ...
Subscriber net additions of 11 million (to 263 million) also significantly outperformed, surpassing guidance by 3 million. CEO Daniel Ek, on a call with analysts after the numbers, called “2024 was a ...
Spotify chief executive Daniel Ek said on February 4 that he is confident India and other emerging markets will become substantial businesses for the audio streaming service in the long term.